MARKETPLACE: We have two stories today of what it’s like getting by when a global crisis is playing out around you: First, our China reporter tells us about life in locked-down Shanghai. Then, a 75-year-old Ukrainian refugee finds shelter in Poland. Stateside, we’ll take a closer look at the Federal Reserve’s toolkit, examine new data on the gender wage gap and explain what an inverted yield curve is.
MARKETPLACE TECH: European Union lawmakers recently unveiled the Digital Markets Act, which aims to limit the power of “gatekeepers” — companies so big and popular that they shape entire industries — like the tech companies behind messaging apps. One rule would require that apps be “interoperable” with one another, so a startup, for instance, could let its users send messages to people using Apple’s iMessage or Meta’s WhatsApp seamlessly. Companies that don’t comply would face steep penalties — up to 20% of their global revenue. Alex Heath covers tech and internet platforms at The Verge. He laid out some of the pros and cons of the proposal.
Marketplace airs on Heartland Newsfeed Radio Network weeknights at 10 PM Eastern/7 PM Pacific (9 PM local time), featuring the Marketplace Tech episodes during each daily broadcast. The show, inclusive of Marketplace Tech, is five segments long. The programs are a production of American Public Media.
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