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Changing Industries in North Carolina

Graphic of two people fighting over a bag of money

    

Reynolds American and Lorillard, two of the country’s biggest tobacco producers, announced a merger yesterday that is expected to reshape the tobacco industry. 

The $27.4 billion deal is designed to give Reynolds more strength against Altria, the dominant player in the U.S. tobacco industry. But this story is just one of many examples of consolidation and reorganization going on within industries in North Carolina. Raleigh’s Salix Pharmaceuticals, the Triangle’s largest home-grown drug company, recently announced a merger with Irish-based Cosmo Technologies. 

The move follows a national trend of companies moving headquarters overseas for better tax deals.  Host Frank Stasio talks to Triangle Business Journal Reporter Jason deBruyn about industry trends in the state.

Anita Rao is an award-winning journalist and the host and creator of "Embodied," a live, weekly radio show and seasonal podcast about sex, relationships & health. She's also the managing editor of WUNC's on-demand content.
Longtime NPR correspondent Frank Stasio was named permanent host of The State of Things in June 2006. A native of Buffalo, Frank has been in radio since the age of 19. He began his public radio career at WOI in Ames, Iowa, where he was a magazine show anchor and the station's News Director.
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