Boston news

• CVS launches plan to increase drug cost transparency

  05-12-2023 15:35 via bizjournals.com
  The price of the drug will be based on the amount CVS (NYSE: CVS) paid for the drug, plus a set markup and a flat fee to account for the pharmacist's services.
  
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• Five things: Seaport retail, cultural districts get a boost and music that may cure diabetes

  27-11-2023 11:58 via bizjournals.com
  Good morning, Boston. The Patriots were once again unwatchable yesterday. Here are the five things you need to know in Boston business news to start your workday. Would-be homeowners are backing out of purchase-and-sale contracts more than at any point in at least six years. Here's where Greater Boston stands.As local businesses continue to recover from the Covid pandemic, lawmakers are working on a bill to revitalize downtowns and cultural districts across Massachusetts — through the
  
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• Amazon makes job cuts in Alexa division

  17-11-2023 23:36 via bizjournals.com
  The e-commerce giant is making hundreds of job cuts again, this time in its voice-activated assistant division — one of the teams with presence in Greater Boston.
  
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• Boston Pops to host first-ever free holiday show for military members

  10-11-2023 12:30 via bizjournals.com
  John Benda, a Boston native and the former commanding officer of the U.S.S. Constitution, will narrate “‘Twas The Night Before Christmas.”
  
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• Avid Technology has been taken private following $1.4B deal

  07-11-2023 19:40 via bizjournals.com
  A spokesperson for the video and audio editing tools provider did not say whether the company plans any reductions in force after the closing of the all-cash transaction.
  
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• CVS pauses Omnicare sale, closes one Peabody site

  07-11-2023 19:17 via bizjournals.com
  Last year, CVS said that Omnicare "was no longer a strategic asset" and planned to sell the pharmacy services provider.
  
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• Former Celtics player sells Wellesley home in one week

  07-11-2023 18:54 via bizjournals.com
  When Malcolm Brogdon headed west, the former Celtics player quietly put his Wellesley home up for sale. It sold in a week. Look inside.
  
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• Nike sues Boston-based New Balance for patent infringement

  07-11-2023 18:07 via bizjournals.com
  Nike is suing Boston-based New Balance Athletics, saying that the company used Nike technology without authorization on its shoes.
  
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• Letter to the editor: Bulfinch Triangle hasn't been 'ignored'

  07-11-2023 17:58 via bizjournals.com
  To The Editor: We write in response to your editorial of Oct. 12, 2023 and earlier articles including a Sept. 15, 2023 article from Greg Ryan titled “Real estate firms seek big changes to 'ignored' Bulfinch Triangle.”Your characterization of the Bulfinch Triangle as one of the most “under-utilized” or often-overlooked areas that is ripe for re-planning is misplaced. Those of us who live in and around the Triangle don’t think the neighborhood has been ignored, w
  
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• Mass General Brigham announces new cancer chief amid split from Dana-Farber

  07-11-2023 16:15 via bizjournals.com
  Mass General Brigham has made its first restructuring move in the wake of its upcoming split from the Dana-Farber Cancer Institute.
  
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• Five things: Clover, WeWork bankruptcy, holiday shopping prediction, and building a better lobster trap

  07-11-2023 12:11 via bizjournals.com
  Good morning, Boston. Here are the five things you need to know in Boston business news to start your day, plus the story of a local lobster innovator.  Boston-area healthy-food chain Clover Food Lab has filed for Chapter 11 bankruptcy protection — and so has co-working giant WeWork. Here's what it means for Boston.Grant also reports that spending on holiday shopping in the Boston area is expected to rise 16% this year, with especially high spending expected among the wealth
  
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• WeWork files bankruptcy. Here's what it means for Boston

  07-11-2023 12:02 via bizjournals.com
  WeWork Inc. filed for Chapter 11 bankruptcy protection in New Jersey bankruptcy court late Monday.
  
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• Good News Tuesday: Tuscan Kitchen serves nearly 20K veterans since 2010

  07-11-2023 11:00 via bizjournals.com
  Tuscan Kitchen has served over 15,000 veterans since 2010 and plans to serve even more this Veteran’s Day weekend.
  
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• Clover Food Lab files for Chapter 11 bankruptcy

  06-11-2023 22:46 via bizjournals.com
  
  The Boston-area healthy-eating chain Clover Food Lab has filed for bankruptcy protection, with its CEO describing troubles stemming from the pandemic and the lending environment following the collapse of Silicon Valley Bank.
  
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• This is the most expensive Duxbury property ever listed

  03-11-2023 19:22 via bizjournals.com
  The sprawling coastal compound in Duxbury is listed for $11,995,000, the highest price ever asked for a property in the town’s history.
  
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• Tufts Medicine CFO to step down after nine years

  03-11-2023 18:33 via bizjournals.com
  No interim CFO has been named thus far.
  
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• Luxury home sales grew in Q3, unlike all other home listings in Greater Boston

  03-11-2023 17:46 via bizjournals.com
  Luxury home listings rose last quarter — the only sector of the Greater Boston housing market that didn't show a drop in listings. Here's what's keeping luxury home sales afloat.
  
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• Travelers buys Boston insurtech startup for $435M

  03-11-2023 17:35 via bizjournals.com
  Travelers is paying approximately $435 million to acquire the tenth largest fintech company in Massachusetts.
  
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• Bow Market marks its fifth anniversary — with an expansion

  03-11-2023 17:02 via bizjournals.com
  Bow Market in Somerville's Union Square has the perfect way to mark its fifth anniversary: by expanding. It is adding 6,000 square feet of retail space, plus a new entryway from Somerville Avenue.
  
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• These are the biggest construction projects at Massachusetts' largest hospitals

  03-11-2023 15:52 via bizjournals.com
  Massachusetts’ biggest health systems and hospitals are doing all kinds of construction and expansion projects. Here are all of the projects of $500,000 or more.
  
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• DraftKings revenue soars as sports betting expands

  03-11-2023 15:05 via bizjournals.com
  DraftKings reported strong revenue growth for the third quarter as it continues to reach new customers and expand its sports betting offerings into new states.
  
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• Uber eyes NY rideshare settlements as template for Massachusetts

  03-11-2023 15:02 via bizjournals.com
  "Look at New York, why can't drivers in Boston and Massachusetts have those same protections?" said an Uber executive after the NY agreement was announced.
  
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• Five things: Moderna vaccines, Google stores, Shoppers need to know today, and a reason to be kind

  03-11-2023 10:56 via bizjournals.com
  Good morning, Boston. Here are the five things you need to know in Boston business news to start your Friday, and a call to be kind.  Alphabet Inc. is preparing to debut one of the first Google Stores in the country next year in Boston, in a new building at what another tenant once called “the best corner in the Back Bay,” Greg Ryan reports.The Boston Globe's weekday print circulation is now under 60,000, less than half of where it was five years ago. At the same time, its
  
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• Alkermes is building on its neuroscience heritage to fuel R&D progress

  01-11-2023 14:20 via bizjournals.com
  Neurological and psychiatric diseases strike at the core of who we are as people, often irreversibly impacting many facets of life for affected individuals and those around them. While remarkable progress has been made in our understanding of and ability to treat these disorders over the last several decades, neurological or central nervous system (CNS) disorders remain the leading cause of disability and the second leading cause of death worldwide.
  Globally, the numbers of deaths and people wit
  
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• Five things: Moderna vaccine sales, top NIH researchers and a story about my bad parenting

  01-11-2023 10:57 via bizjournals.com
  Good morning, Boston. Here are five things you need to know in Boston business news to start your Wednesday, and one of my worst days as a parent.  Moderna's financial success this fall largely depends on one thing: how many Americans are getting their updated Covid vaccines. Analysts will be watching for that sales forecast when Moderna reports its earnings tomorrow, Rowan Walrath reports.Grant Welker reports on the top 20 NIH funding recipients in Massachusetts, several of which are
  
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• At least 16 cannabis businesses have lost their licenses in Mass.

  01-11-2023 10:46 via bizjournals.com
  Cannabis entrepreneurs have been sounding the alarm about the challenges facing the Bay State's weed industry. Here's how many businesses have lost a license since recreational cannabis became legal.
  
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• Falmouth Hospital opens $10M intensive care unit

  01-11-2023 10:34 via bizjournals.com
  The new unit is 11,000-square feet with 10 patient rooms, and officially opened its doors on Tuesday.
  
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• Burns & Levinson partner claims age discrimination in new lawsuit

  01-11-2023 10:32 via bizjournals.com
  The firm says the lawsuit on behalf of the 71-year-old is part of an attempt "to preserve the status quo for himself as an entrenched male partner.”
  
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• Sal's Pizza is now at Logan's international terminal, plus more retail news

  01-11-2023 10:22 via bizjournals.com
  Logan's new expanded international terminal also brings a second Wahlbergers and a Boston Harbor Distillery cocktail lounge. Here's the latest Boston-area retail news.
  
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• Health care Price transparency — Using data to control costs

  01-11-2023 05:00 via bizjournals.com
  As health care costs continue to soar, employers are seeking novel and effective solutions to reduce spend without impairing employee access to high-quality care. Since the advent of recent transparency legislation, consumers, including employers, now have access to pricing information from hospital systems and insight into payers’ negotiated discounts.
  Providing employers with the capacity to compare and contrast negotiated pricing across health systems, networks and regions across the co
  
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• Automating leave management processes can elevate the employee experience

  01-11-2023 05:00 via bizjournals.com
  The rapid emergence of generative artificial intelligence (AI) demands the attention of organizational leaders in all sectors. To remain competitive, companies must adapt and harness these technological advances to stay at the forefront of their respective industries. For key HR responsibilities like designing leave management policies, AI can unlock a new data-driven strategy designed to elevate the employee experience.AI-generated insights allow organizations to optimize PTO policies and sched
  
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• Athletic facilities unite schools, students and the community

  31-10-2023 20:35 via bizjournals.com
  Sports and athletics are a staple of American culture. Whether in the street, at the playground or in organized teams, children seem to thrive when they engage in a host of athletic-based activities.In fact, according to the PCSFN Science Board, lifelong participation in sports can lead to improved mental health outcomes; reductions in stress, anxiety and depression;, and higher self-esteem and confidence.Their report also shows athletics lead to increased cognitive performance, increased creati
  
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• Boylston Street office building sold to Qatari investors

  31-10-2023 19:08 via bizjournals.com
  The sale gives Boston office owners another comparison point in a market suddenly seeing real sales activity.
  
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• Tree House Brewing Co. plans to update N.Y. brewery

  28-10-2023 12:00 via bizjournals.com
  Tree House Brewing Co. is making its first move outside New England with a new brewery planned to open next year.
  
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• A look inside the ARPA-H ‘investor catalyst hub’ coming to Mass.

  27-10-2023 22:46 via bizjournals.com
  The Business Journal sat down with Renee Wegrzyn, the inaugural director of ARPA-H to learn more about what investor-catalyst really means, and why Massachusetts was selected to run the program.
  
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• BTU International downsizes to ex-Puma facility in Westford

  27-10-2023 20:21 via bizjournals.com
  BTU International was looking for "a needle in a haystack" in order to update its manufacturing operations, according to its broker.
  
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• Eastern Bank reports earnings in advance of merger with Cambridge Trust

  27-10-2023 18:23 via bizjournals.com
  It was a busy quarter for Eastern Bank. In mid-September, the state’s fifth largest bank dropped a simultaneous announcement: it’s selling Eastern Insurance and it’s merging with Cambridge Trust. The deals will bring shakeups, the details of which were revealed in today’s earnings call.
  
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• BBJ celebrates 40 Under 40 at Boston Harbor Hotel

  27-10-2023 17:43 via bizjournals.com
  The Boston Business Journal honored the class of 2023 for its 40 Under 40 awards on Thursday in an event at the Boston Harbor Hotel.
  
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• Summit for next-gen female VC leaders coming to Cambridge

  27-10-2023 17:13 via bizjournals.com
  A conference bringing together the next generation of female venture capital leaders is coming to the Boston area.
  
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• Iconic John Hancock sign will be installed this weekend in Back Bay

  27-10-2023 16:29 via bizjournals.com
  Thanks to good weather, the iconic John Hancock sign will be installed in its new home this weekend.
  
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• Another downtown Boston office building sells in sign of thawing market

  27-10-2023 15:31 via bizjournals.com
  The Leather District building was acquired for $11 million, a discount from its $20.7 million sale price eight years ago.
  
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• Here are the largest food and beverage companies in Massachusetts

  27-10-2023 14:07 via bizjournals.com
  The largest Massachusetts-based food and beverage companies includes many that date back a century or more, but newcomers are mixed in, too. Here's a list of the state's largest.
  
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• Form D Friday: Solar, SaaS and vending-machine startups get money

  27-10-2023 11:53 via bizjournals.com
  Form D Friday is a Boston Business Journal feature highlighting regulatory filings from Boston-area companies raising capital for new projects or expanding their businesses.
  
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• Auto dealer Quirk buys Braintree offices at steep discount, but don't expect a sale lot there

  25-10-2023 21:41 via bizjournals.com
  Dan Quirk does not plan to put another of his auto dealerships at the site of the two four-story office properties, he told the Business Journal.
  
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• MGM Springfield to pay $6.8 million in restitution and penalties in wage-and-hour case

  25-10-2023 20:52 via bizjournals.com
  MGM Springfield will pay more than $6.8 million in restitution and penalties as a settlement following a years-long investigation by the state Attorney General’s Office into wage-and-hour violations at the casino.
  
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• Salsify cuts over 100 jobs, moves some roles abroad

  25-10-2023 19:30 via bizjournals.com
  The Boston-based e-commerce software “unicorn” said 110 employees were impacted by layoffs. The company is also moving some roles across markets.
  
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• Xenia Greek Hospitality opening two Greco Truly Greek locations in D.C.

  25-10-2023 18:57 via bizjournals.com
  The team behind Boston's Bar Vlaha, Krasi and Greco is expanding outside of Massachusetts for the first time.
  
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• Carrier adds direct Boston flights to Dublin, Edinburgh

  25-10-2023 18:41 via bizjournals.com
  JetBlue is adding more direct European destinations from Boston, now to Ireland and Scotland starting next year.
  
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• Thermo Fisher drops $10B in market cap due to biotech slowdown

  25-10-2023 18:21 via bizjournals.com
  The Waltham-based medical device and scientific equipment maker is the most valuable company by market cap in Massachusetts.
  
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• Longtime head of Institute of Contemporary Art leaving after 25 years

  25-10-2023 18:16 via bizjournals.com
  The longtime director of the Institute of Contemporary Art/Boston is departing next year after 25 years leading the museum, including its move to the Seaport in 2006.
  
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