Marketplace Morning Report Marketplace

A new report from an independent law firm says that big changes are needed at the Federal Deposit Insurance Corporation to address widespread allegations of sexual harassment and discrimination and that FDIC’s management’s response has been “insufficient.” We’ll discuss. Plus, there was a big slowdown of consumer credit growth in March. And can the “Las Vegas of the East” move away from gambling revenue to entertainment?

Anheuser-Busch, maker of Bud Light, reported earnings this morning. The company has been slowly recovering since last year, when Bud Light became the target of a conservative boycott over a 45-second promotional video posted by a transgender influencer. We’ll delve into the backlash and get a taste of the light beer market. Also on the show: FTX investors might get their money back, and the Biden administration overhauls requirements for retirement planners.

From the BBC World Service: Chinese president Xi Jinping is in Serbia aiming to deepen political and economic ties. China has invested heavily in the Eastern European country as part of its Belt and Road Initiative. Then, we take a closer look at how devastating rains have hit Kenya, where thousands have been displaced and crops ruined. We also head to Macau, where Chinese authorities want to see the territory diversify away from gambling.

How “joint fundraising committees” bring in hefty political donations without technically running afoul of contribution limits; plus, checking in on the Biden administration’s multi-billion-dollar plan to remove lead pipes — and improve drinking water safety — across the country.

In the absence of federal paid sick leave, some states work to fill the gap. Plus, a new report on the looming Social Security and Medicare budget shortfalls, and what to expect from Reddit’s first earnings report since its March IPO.

From the BBC World Service: Argentina’s president has cut public sector jobs, reduced energy and transport subsidies and devalued the country’s currency in the five months since he became leader — but Javier Milei denies ordinary Argentines are paying for the stringent measures. Also: What does a butter-free croissant say about France’s changing food and agriculture industries?