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Business and Economic News

Droughts, wildfire smoke clouds outlook for agriculture - and concern for farmers’ health

Droughts, wildfire smoke clouds outlook for agriculture - and concern for farmers’ health

The increasing drought and smoke from Canadian wildfires are adding to Minnesota farmers’ challenges this summer. But there’s a debate over whether the smoke may actually help as it shields already drought-stressed crops.
by Hannah Yang

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Powerball jackpot climbs to $875 million, the third-largest on record

Powerball jackpot climbs to $875 million, the third-largest on record

The new jackpot for the next drawing is the third-largest in the history of the game, coming behind the world record $2.04 billion jackpot won last year and the $1.586 billion jackpot won in 2016.
by Jonathan Franklin

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Minnesota's new health system merger law: Key questions, answered

Minnesota's new health system merger law: Key questions, answered

A new Minnesota law banning anti-competitive health care mergers could affect several proposed deals involving state health systems. The law’s author, DFL Rep. Robert Bierman, spoke to MPR News Thursday about the future of health care in Minnesota.
by Cathy Wurzer and Gracie Stockton

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Why inflation is losing its punch — and why things could get even better

Why inflation is losing its punch — and why things could get even better

Annual inflation fell to 3 percent in June, the lowest since March 2021. That probably won't stop the Federal Reserve from raising rates again, but this month's expected hike could be the last.
by Scott Horsley

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St. Luke’s plan to merge with Aspirus Health is the latest for Minnesota health care 

St. Luke’s plan to merge with Aspirus Health is the latest for Minnesota health care 

Duluth-based St. Luke’s plans to merge with Aspirus Health, a nonprofit health system that operates in Wisconsin and the Upper Peninsula of Michigan. The new system will contain 19 hospitals, 130 outpatient locations and nearly 14,000 staff.
by Michelle Wiley

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