NPR's business news starts with control of the energy.
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GREENE: In South America, a shift towards political populism has led to the nationalism of an oil company in Argentina and an electricity provider in Bolivia. Both of the companies seized are Spanish. The nationalizations are hitting Spain during a time of deep economic crisis. And as we'll hear in a few minutes from reporter Lauren Frayer, they sparked a lot of anger in Spain.
As the presidential campaigns refocus on November, they're zeroing in on digital domains. In fact, the Obama campaign has spent six times as much money advertising online as it has on TV so far, though that's certain to change.
And Republicans are fighting back with a new Facebook app called the "Social Victory Center." (You have to be a Facebook user to access the site.)
The African-American experience is reflected, right now, on the walls of the Smithsonian American Art Museum in Washington, D.C. Exuberant dancing in Chicago. Laundry on a line in the nation's capital. A girl smiling out from her father's warm jacket — all captured in photographs, paintings and sculptures from the 1920s through the 1990s.
On a Wednesday, it's MORNING EDITION from NPR News. I'm Steve Inskeep.
DAVID GREENE, HOST:
And I'm David Greene. Nearly three years ago, Congress passed a federal hate crime law. It makes it illegal to target victims because of their race, religion or sexual orientation. The law drew protests from some Republican lawmakers and religious groups, who said it threatened their free speech rights. And the law has been used sparingly.
NPR's business news starts with falling profits for UBS.
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GREENE: Suisse Bank UBS announced today that their profits fell 54 percent in the first quarter of this year. The drop is blamed on a decrease in investment banking income, and also because of an accounting charge on its debt.
Pfizer, one of the worlds largest drug companies, will pay Brigham Young University nearly half a billion dollars to settle a patent related lawsuit involving the company's blockbuster painkiller Celebrex.
NPR's Wendy Kaufman reports, the settlement comes as the case was about to go to trial.
Vast as they are, the interrelated problems of Afghanistan, Pakistan and al-Qaida are only some of the problems the president faces - and that will be faced by whoever wins this fall's election. Egypt is preparing for a presidential election of its own, the first since a revolution toppled President Hosni Mubarak. And today, a protest related to that election led to deadly violence.