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DAVID GREENE, HOST:

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.

The Occupy protest movement was out in force Tuesday. May 1 is traditionally a day for labor demonstrations. For the most part, the demonstrations were noisy and theatrical but restrained.

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.

Richard McGregor, Washington bureau chief for the Financial Times, talks to Steve Inskeep about how Chen Guangcheng may impact Thursday's talks between the U.S. and China. The blind activist left the U.S. Embassy in Beijing Wednesday, and U.S. officials escorted him to a hospital.

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STEVE INSKEEP, HOST:

It's MORNING EDITION from NPR News. Good morning, I'm Steve Inskeep.

DAVID GREENE, HOST:

And I'm David Greene.

We are following developing news, this morning, in China. The Chinese dissident who sought protection with American diplomats in Beijing is now free and apparently heading to a new life.

INSKEEP: Chen Guangcheng is a human rights lawyer, a blind man who became involved in issues like forced abortion in China. Last week, he escaped house arrest by Chinese security forces.

Islamist protesters, unhappy their candidate was among several people disqualified from the election, held a demonstration outside the Defense Ministry. Five people were killed and more than 100 people were wounded in fighting that involved sticks, stones, batons and bullets.

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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.

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STEVE INSKEEP, HOST:

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.

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.