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.
The killing of Osama bin Laden in the Pakistani garrison town of Abbottabad one year ago Wednesday rocked the country's political and military establishment, and provoked widespread rage at what Pakistanis saw as a blatant violation of national sovereignty.
A year on, there are widely differing opinions among Pakistanis about the significance of the al-Qaida leader in a country where militant groups draw inspiration from him.
His legacy is in plain view at rallies across the country that evoke virulent anti-Americanism.
A home for the Academy Awards ceremony has been secured. The Kodak Theatre will now be called the Dolby Theatre. The audio technology company has signed a naming-rights deal with the real estate group that owns the property where the Oscar ceremony is held. Kodak, which filed for bankruptcy protection in January, gave up its naming rights.
Republicans have repeatedly criticized President Obama for what they contend is a weak foreign policy. Their criticism now extends to how the president talks about his signature foreign policy success.
Here's NPR national political correspondent, Mara Liasson.
MARA LIASSON, BYLINE: President Obama's visit to Afghanistan and his address to the nation were reminders of the responsibilities of the commander-in-chief and the attention he can muster at a moment's notice.
The group was convened by Florida's governor and legislative leaders. The move comes after Trayvon Martin, an unarmed teen, was shot to death by neighborhood watch captain George Zimmerman. Since the law's passage in 2005, there's been growing concern about the law among police, prosecutors and judges.