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A big car company is going small. Ford is buying electric scooter company Spin.

Ford and Spin won't confirm the price tag, but reports put the purchase price at $100 million and an overall investment from Ford of $200 million.

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Copyright 2018 NPR. To see more, visit http://www.npr.org/.

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The Lucky Country

19 hours ago

It seems like every decade or so, in pretty much every part of the world, there's a recession — like it's just part of the bargain. The economy grows as we get better at making stuff, people spend and companies expand. But at some point the growth slows down, unemployment rises. People don't spend as much money because they're starting to pay down their debt. And there's a downturn.

Not in Australia. The Australians haven't seen a recession in 27 years. Today on The Indicator, we find out what makes them so different.

The Food and Drug Administration announced Thursday that it will seek a ban on the sale of menthol-flavored cigarettes.

The announcement came as the agency officially released a detailed plan to also restrict the sale of flavored electronic cigarettes. It also wants to ban flavored cigars.

A startup genetics company says it's now offering to sequence your entire genome at no cost to you. In fact, you would own the data and may even be able to make money off it.

Nebula Genomics, created by the prominent Harvard geneticist George Church and his lab colleagues, seeks to upend the usual way genomic information is owned.

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Maxine Waters of California is known as a partisan firebrand who gives as good as she gets, especially where President Trump is concerned.

Now, with Democrats assuming control of the House in January, the California Democrat is about to become more visible than ever before, with the power to slow down an important part of Trump's agenda and even shine a light on his company's finances.

The price of oil had climbed aggressively from the summer of 2017 through the end of last month — but then it started falling. And falling. And falling. The price of Brent crude fell from $86 to about $66 yesterday, an astonishing decline of 23 percent.

What changed? We look at four potential reasons: U.S. output, exemptions to the sanctions on Iran, decelerating global economic growth, and the strengthening U.S. dollar.

What's On Amazon's Wish List? All Of Us.

Nov 14, 2018

The HQ2 brouhaha is over. Or is it? On Tuesday, Amazon announced that it would be splitting its new location between Crystal City, Virginia, and Long Island City, New York. These were among several locations that offered untold incentives to Amazon in hopes of attracting the new office space.

Amazon Lessons From Seattle

Nov 14, 2018

Copyright 2018 KUOW. To see more, visit KUOW.

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What lies ahead for Arlington, Va., and New York City now that they will be home to new headquarters for Amazon? One way to find out is to study the city that has been headquarters for Amazon up to now. Carolyn Adolph reports from member station KUOW in Seattle.

Student debt in the U.S. now stands at about $1.5 trillion. It's a number we often call a crisis, advising students to avoid borrowing if they possibly can.

Researchers expect that three dozen new drugs will come on the market over the next few years with astronomical prices — some likely topping a million dollars per patient.

The drugmaker Novartis has told investors it might be able to charge $4 million to $5 million for one of its potential products, a treatment for a rare disease called spinal muscular atrophy.

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New York City recently produced a report on the gender price differential in some consumer goods. The so-called Pink Tax. It turns out, women pay more than men for certain goods, like clothes and home health products and personal care products. The study found that women pay as much as 13 percent more for some categories of products.

It was a classic high-stakes legal battle between two Dutch makers of herbed cheese spread.

On one side, Heksenkaas. The name means "witches' cheese," and it's a cream cheese spread with fresh herbs that was created in 2007 and sold by a company called Levola.

Since its creation in 1994, Amazon has grown far beyond books. It has become almost synonymous with online shopping, while building a large physical footprint of warehouses and stores, a workforce of more than 600,000 people and a cloud business used extensively by the U.S. government, among others.

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Updated at 2:07 p.m. ET on Wednesday

Amazon's HQ2 is getting divided by two.

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Emergency workers in Northern California have found 13 more bodies.

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Investors worried about a slowdown in global growth helped push stocks sharply lower Monday, with the Dow Jones Industrial Average falling 602 points, or 2.3 percent.

Technology stocks fared especially badly, with Apple down 5 percent, after a report it was cutting orders for iPhone parts. The decline knocked 100 points off the Dow and helped lead to a broader rout. The technology-heavy Nasdaq Composite fell almost 2.8 percent., wiping out its gains for November.

There have been four global recessions in roughly the last four decades.

And getting out of the last global recession, right after the financial crisis of 2008, was especially tough. That was such a deep and painful recession, that jump starting the economy again required policies that had not been tried before — in countries across the world, not just in the U.S. But a lot of those policies were politically unpopular, and still are. And it's not clear they can be used again.

In October 2017, Drew Wynne collapsed inside a walk-in refrigerator at his coffee business in North Charleston, S.C. By the time his business partner found him crumpled on the floor, Wynne was dead. He had suffocated on a chemical called methylene chloride.

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"This is my very first day at Xinhua News Agency," says a sharply dressed artificial intelligence news anchor. "I look forward to bringing you the brand new news experiences."

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40 years ago, the 401(k) was plucked from deep within the tax code and brought into the world. Today, it's the most common retirement plan in the country with millions of people contributing trillions of dollars. But it's not without its critics. Today on the show, The Indicator and Planet Money come together to celebrate the mighty 401(k).

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