Marketplace Morning Report

Across Europe, heatwaves are becoming more frequent, lasting longer, and pushing temperatures into the triple digits in some places. The heat has been slowing trains, straining power grids, and making it harder for people to work. All of this comes at an economic cost. This morning, we'll unpack. Then, private equity-backed firms now own about one in 10 U.S. community hospitals, but takeovers don't guarantee profits. We'll hear about one private equity-backed hospital chain becoming a nonprofit.

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Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories featured in this episode:

The economic costs of Europe's heatwaves
Quorum Health, a private equity-backed hospital chain, is going nonprofit

President Trump said on Truth Social last night that he's planning a 100% tariff on generic drugs coming into the U.S. starting in 2028, which would jump to 200% a year after. This threat comes as the Trump administration is poised to announce another round of sweeping tariffs, which would replace existing import duties expiring this Friday. Also: one of the world's largest health databases and a pause in federal Medicaid payments to California and Minnesota.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories featured in this episode:

New tariffs covering 60 countries to replace existing import duties
Why one of the world's largest health databases matters

Canada and Mexico are getting very different treatment from the Trump administration when it comes to trade. U.S. Trade Representative Jamieson Greer will travel to Mexico tomorrow for talks on revising the United States-Mexico-Canada Agreement. Canada is not invited. In fact, it’s facing new U.S. tariffs. We dig in. Then, the transition to an AI economy could benefit some workers and displace others, but who gets to decide just how this transition will go? The AFL-CIO, the nation's largest coalition of labor unions, is demanding a role.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories featured in this episode:

How labor unions are tackling AI and midterm elections

Organized labor could play a major role in this year’s midterm elections. The nation’s largest federation of labor unions says it plans to mobilize 16 million voters with ties to the labor movement. "Marketplace Morning Report" host Kimberly Adams recently joined Liz Shuler, president of the AFL-CIO, at the Aspen Institute's Business and Society Summit, to discuss how the AFL-CIO is factoring in union members' concerns and opportunities regarding AI in the lead-up to the midterms. But first, Boeing eases back into the good graces of federal regulators.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories featured in this episode:

Boeing may soon be able to deliver two models of its troubled 737-MAX to airlines
How labor unions are tackling AI and midterm elections

The use of AI in the workplace can be a polarizing topic. How inevitable will AI be in our jobs, and what sorts of conversations should corporate leaders be ready to broach? "Marketplace Morning Report" host Kimberly Adams recently dug into that and more with Linda Hill, a Harvard Business School professor, at the Aspen Institute's Business and Society Summit. But first, leading economic indicators aren't as leading as they used to be.

Every story has an economic angle. Want some in your inbox? Subscribe to our daily or weekly newsletter.

Marketplace Morning Report is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.

Stories in this episode:

How to approach the AI revolution