Good morning. I'm Linda Wertheimer. Much excitement about a big bid on a New Zealand public transit train offered on an online auction. The broken-down train has close to three million miles on it. It's over 60 years old. That's significantly older than the highest bidder, who is four years old. The tech-savvy toddler's $30,000 bid has been removed, and the posting now reads: Adults only. This is not a toy. It's MORNING EDITION. Transcript provided by NPR, Copyright NPR.
Though there's been welcome news about progress in fighting the wildfire that has now destroyed about 350 homes in and around Colorado Springs, Colo., there's also the sad news that at least one person has died.
NPR's business news starts with a new owner for Modelo.
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MONTAGNE: The world's biggest brewer, Anheuser-Busch InBev, announced today it's becoming bigger. The Belgian company says it's buying the rest of the Mexican brewer known for the beer, Corona. InBev had already owned a non-controlling stake and is paying more than $20 billion for full control. Analysts say the buy will help InBev move into new markets. Transcript provided by NPR, Copyright NPR.
To Florida now, where yesterday's Supreme Court decision came as a complete shock to some elected officials. Florida's Republican Governor Rick Scott and his administration have done as little as possible to comply with the law. But now that the Supreme Court has acted, NPR's Greg Allen reports from Miami that Florida officials have some tough decisions ahead.
This is MORNING EDITION, from NPR News. I'm Renee Montagne.
LINDA WERTHEIMER, HOST:
And I'm Linda Wertheimer.
The Supreme Court surprised almost everyone yesterday when it upheld the heart of President Obama's health care law: a requirement that everyone either have insurance or pay a fine or tax. It's a big victory for president. It also gives his challenger, Mitt Romney, some important opportunities.
Here's NPR's national political correspondent, Mara Liasson.
Yesterday's ruling on health care took the financial markets by surprise. Stocks were mixed with some shares finishing the day sharply higher. By the end of the day, stock traders seemed to shrug off the ruling.
The Supreme Court's decision on health care yesterday was just one of several handed down this week. The justices also struck down mandatory life sentences for juveniles, citing cruel and unusual punishment.
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There are more than 2,000 inmates serving mandatory life sentences for crimes they committed as minors. The high court said judges should be allowed to consider mitigating factors such as a young defendant's immaturity or the circumstances of his or her upbringing.
Just last week, Republican leaders were warning their rank and file not to gloat if the health care law were overturned. Well, after the decision came yesterday, GOP leaders regrouped and vowed to keep fighting. NPR's Andrea Seabrook reports.
ANDREA SEABROOK, BYLINE: House Majority Leader Eric Cantor stepped up to the microphone.
REPRESENTATIVE ERIC CANTOR: If for nothing else, today's health care decision underscores the importance of this election.