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Pfizer Discounts its Drugs
The big pharmaceutical companies have taken a lot of heat for the high prices they command for drugs here in the U.S. Today, the world's largest drug company announced it would sharply cut the cost of its meds for the uninsured. Pfizer says some low-income patients and seniors will pay as little as $15 per prescription for drugs like Lipitor, and even Viagra.
Reporter: Helen Palmer
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Clocks - Coldplay
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Did Shell Oil Play a Shell Game with Fuel?
A quick check of the law of supply and demand suggests that if demand is constant, but supply is cut, prices go up. Armed with knowledge of this law, and a few antitrust laws on the books, federal investigators today announced a formal investigation of Shell Oil. The Feds want to know whether it closed a refinery to keep supplies tight and prices high.
Reporter: Lisa Napoli
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Use Your Brain - The Dirty Dozen Brass Band
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Remind me ... What is a 527?
You've heard of the McCain-Feingold campaign finance reforms. They went into effect this election cycle, and they were supposed to crack down on so-called "soft money." Broadly speaking were talking about unregulated campaign contributions. Some say the reforms didn't make the soft money go away - the money's just been shuffled around...
Take the recent decision by the Federal Election Commission. It allowed independent political groups known as "five-twenty-sevens" to keep raising and spending unlimited funds, right on up to the election. Since the ruling, Republicans have been playing catch-up. Many of the more established 527's were liberal groups like Move On.org. There's an exception--a conservative 527 that's been around for years.
Reporter: Amy Scott
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The Shy Retirer - Arab Strap
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SEC Probing Mutual Funds
The Securities and Exchange Commission has widened its investigation into mutual funds to include those held by millions of Americans in retirement accounts. The SEC said that it had asked two dozen mutual fund companies to provide details about payments they may make to ensure that their funds are included in corporate 401(k) plans.
Q + A: David Brown with Bob Moon
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Go! - Tones on Tail
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Tourism and Terror - A Winning Combination?
Iraq's interim prime minister signed a tough new law today. It allows him to declare emergency rule, impose curfews and freeze assets of suspected insurgents. As if to underscore Iraq's security problems, a gunfight erupted today in central Baghdad. Iraq has become synonymous with danger and violence. Which makes the emergence of one new industry all the more surprising.
Reporter: Adam Davidson
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