CVS CEO and President Larry Merlo joins Audie Cornish to discuss his company's big decision to eventually discontinue its sales of tobacco products. The decision didn't simply make headlines on Wednesday; it could also signal a shift in plans for the pharmacy giant's future.
The pharmacy giant CVS plans to eliminate cigarettes and other tobacco products from its stores by October. The company says it made the decision because the drug store business is changing and that selling cigarettes is no longer consistent with its mission. Medical experts and the White House hailed the move. NPR's Yuki Noguchi reports.
Microsoft's new CEO Satya Nadella is part of a wave of highly educated Indian immigrants who came to America a generation ago with expectations back home that they would succeed. Nadella has done just that and more, taking the reins of one of the world's top companies.
Greece has historically spent an outsized amount of its budget on military equipment — ostensibly to protect its border with historic rival Turkey. Between 2007 and 2011, Greece was Europe's largest importer of arms. But an ongoing investigation into the purchase of submarines has exposed high-level political corruption.
The nation's largest bank, JPMorgan Chase & Co., will pay $614 million and improve mortgage lending practices under a deal announced Tuesday to settle claims it approved thousands of unqualified home mortgage loans for government insurance and refinancing since 2002, costing the government millions of dollars when the loans defaulted.
A budget report estimates that about 2.5 million people will work fewer hours or not at all by 2023 because under Obamacare, they can get health care without holding down a full-time job. The news immediately became political fodder for critics of the Affordable Care Act.
The Senate Judiciary Committee spent the day looking into recent data thefts at Target and Neiman Marcus. Lawmakers know there is a big problem, but they are struggling with what role the federal government should play is creating new standards to safeguard consumer data.
Satya Nadella is just the third CEO in Microsoft's 39-year history. He's a Microsoft insider tasked with re-energizing the company and making it more relevant in a future likely to be dominated by mobile technology. As Nadella moves into his new role, he will be supported by Bill Gates, who is stepping down as chairman to become more involved with technology development.