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Marketplace Morning Report

US humanitarian aid — with an asterisk

Marketplace Morning Report

Marketplace

News, Business

4.5927 Ratings

🗓️ 30 December 2025

⏱️ 7 minutes

🧾️ Download transcript

Summary

The Trump administration is pledging $2 billion in humanitarian aid to the United Nations. The official State Department announcement of the U.N. donation says it “reaffirms the United States’ ironclad commitment to supporting critical life-saving humanitarian action around the world,” but the last paragraph warns that the UN has to reduce bureaucratic overhead. Plus, IPOs made a comeback this past year, and solar panel installers look to incentives as federal tax credits end.

Transcript

Click on a timestamp to play from that location

0:00.0

What's the future of household solar power without federal tax incentives?

0:07.3

For Marketplace, I'm Nova Saffo, in for David Brancaccio.

0:10.2

First, the Trump administration is pledging $2 billion in humanitarian aid for the United Nations,

0:15.7

but the money comes with a warning that the U.N. needs reform.

0:19.6

Marketplace's Nancy Marshall-Genzor reports. The official State Department announcement of the U.N. needs reform. Marketplaces Nancy Marshall-Genzor reports.

0:21.7

The official State Department announcement of the U.N. donation says it reaffirms the United

0:27.0

States ironclad commitment to supporting critical, life-saving humanitarian action around the world.

0:33.2

But the last paragraph warns the U.N. it has to reduce bureaucratic overhead, and quote,

0:38.9

individual U.N. agencies will need to adapt, shrink, or die. The Trump administration is skeptical of

0:46.0

foreign aid. It shut down the U.S. agency for an international development earlier this year.

0:51.8

The U.S. was the U.N.'s biggest donor in 2025. The Trump

0:55.9

administration's $2 billion pledge will probably keep the U.S. in that position, although it's

1:01.2

smaller than last year's donation. The money will go into a U.N. umbrella fund and will be doled

1:06.9

out to 17 priority countries, including Sudan, Ukraine, Guatemala, Honduras, and

1:12.7

El Salvador. I'm Nancy Marshall Genser for Marketplace.

1:17.8

2025 was a good year for initial public offerings. That's when companies go public on stock

1:23.3

exchanges. Bloomberg says IPOs raised a total of $46 billion the most since 2021.

1:30.8

Marketplaces Henry Ep has more.

1:32.9

Companies thinking about going public pay close attention to how the stock market is doing.

1:37.6

They want to enter it when investors are feeling bullish.

1:40.7

Jay Ritter is director of the IPO initiative at the University of Florida.

1:44.1

When the market goes down the University of Florida.

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