Hope for devastating child disease comes at a cost: $750,000 a year

The drug can treat children with spinal muscular atrophy, but it’s insurers are balking at paying up.

A spokeswoman for Dr. Patrick Soon-Shiong (above) said the video was not intended to be promotional; she called it an educational tool for patients.


CEO’s promotion of ‘breakthrough’ cancer therapy raises questions

Where the ordinary viewer might see an inspirational story, drug industry experts saw a likely violation of federal regulations by Dr. Patrick Soon-Shiong.

Images of the “Fearless Girl” statue have gone viral.

That ‘Fearless Girl’ statue isn’t going anywhere, for now

The statue, which shows a girl looking defiantly at the Wall Street bull, was installed this month by Boston-based State Street Global Advisors.

FILE - This Oct. 14, 2015, file photo shows the Food and Drug Administration campus in Silver Spring, Md. The FDA announced Monday, Dec. 12, 2016, that it denied the request by Swedish Match to remove several health warnings from its smokeless tobacco pouches, though regulators left open the possibility for other labeling changes it seeks. It's the first decision of its kind handed down by the agency since it gained authority to review the relative risks of tobacco products in 2009. (AP Photo/Andrew Harnik, File)

Tesaro’s ovarian cancer drug wins early approval

The approval gave hope to thousands of women suffering from the disease and provided a boost to Waltham-based Tesaro.

Latest Business headlines

Organogenesis buying Ala. supplier of tissue products for surgeries

The price of acquisition by the privately held Canton company was not disclosed.

Partners, GE to launch opioid addiction effort today

RIZE Massachusetts hopes to raise $50 million over three years to support treatment and recovery programs.

Manufacturer: Drones should transmit identifier for security

The proposal suggests the craft continually transmit identification information to help government security agencies and law enforcement figure out which might belong to rogue operators.

Tuesday’s business agenda

Economic data, classes, and more notable events and things to know.

Dow-DuPont deal wins conditional antitrust approval from EU

Dow Chemical Co. and DuPont Co. won European Union approval for a $77 billion merger.


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//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2016/03/22/BostonGlobe.com/Business/Images/video150-5896.png Innovation Capital: An Examination of the Boston region’s future in the global economy

Presented by Rockland Trust, Innovation Capital is an examination of the Boston region’s future in the global economy.

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Demonstrators also had protested outside Santander’s headquarters in February.

Activists briefly occupy Santander headquarters in union campaign

A demonstration of bank workers and community advocates caused security to briefly shut down the bank branch.

Uber resumes self-driving car program after brief suspension

Uber says it is resuming its self-driving car program in Arizona and Pittsburgh after it was suspended following a crash over the weekend.

In wake of attack, UK officials to push against encryption technology

British government officials will meet with representatives of US technology companies this week to demand that they do more to help in the fight against terrorism and online hate speech.

US stocks suffer eighth straight day of declines

Stocks fell asWall Street sized up whether its hopes for tax cuts and other stimulus by the Trump administration will ever materialize.


Diane Hessan is everywhere . . .

She continues the political work she began last year after leaving her post as the Startup Institute’s CEO. But that’s just one of her many hats.

Gross and Pimco settle suit over his ouster

NEWPORT BEACH, Calif. — A bitter legal war between bond investor William H.

A flag is seen at Amgen Inc. headquarters in Thousand Oaks, California, U.S., in this undated handout photograph, released to the media on Friday, June 18, 2010. Amgen Inc.’s bone-strengthening drug Prolia should be provided to women at risk of fractures who can’t take existing drugs, said a U.K. agency that advises the state-run National Health Service on cost-effective treatments. Source: Amgen via Bloomberg EDITOR'S NOTE: NO SALES. EDITORIAL USE ONLY. Library Tag 03092011 Library Tag 03092011

Amgen says some workers will move from California to Cambridge

The biotech giant didn’t specify how many employees might come to its Kendall Square research center.

The Boston Marine Industrial Park’s allowed uses may become a little less oriented toward the marine industries.

Changes could be coming to Boston’s marine industrial park

The park is about to become a little less marine industrial.


Does having children help you live past 80?

The longevity bonus from parenthood is real and likely due to social factors that become more important the older you get.


Free websites for nonprofits -- 48 of them are coming

A group of volunteers will build 48 websites for 48 Boston-area nonprofits in 48 hours.

FILE - In this Sept. 8, 2015, file photo, a United Airlines passenger plane lands at Newark Liberty International Airport in Newark, N.J. United said on Monday, March 27, 2017, that regular-paying fliers are welcome to wear leggings aboard its flights, even though two teenage girls were barred by a gate agent from boarding a flight from Denver to Minneapolis Sunday because of their attire. (AP Photo/Mel Evans, File)

When flying with a company benefit, what should you wear?

Leggings may be cozy, but they’re not always appropriate for travel — at least says one airline.

An exterior view of Uber’s headquarters in San Francisco.

Uber suspends self-driving cars in two states

Uber says its self-driving cars program remains suspended in Arizona and Pittsburgh, Penn., following a crash over the weekend.

Bill Gross

Bill Gross and Pimco said to settle suit over his 2014 ouster

Gross claimed he was ousted from Pimco by a “cabal” of executives who wanted a larger share of his bonus.

Dorchester, MA - 10/8/2013 - Jay Hooley, chairman and CEO of State Street spoke during the round table. CEO Roundtable and portraits photographed at the Globe in Dorchester, MA on Tuesday, October 8, 2013. (Yoon S. Byun/Globe Staff) Slug: 110313 Reporter: shirley leung LOID: 6.2.1622936528

State Street is selling off stakes in its shareholder servicing businesses for $333 million

It’s the unwinding of an old deal between two brothers — Jay Hooley at State Street, and Stephen Hooley at DST Systems.

It was a gloomy day Monday in Tokyo, and the Asian markets weren’t sunny, either.

US stocks open lower on Wall Street

Traders are worrying that the defeat of the GOP health plan will mean more difficulty getting tax cuts and other part of President Trump’s agenda passed.

EU regulators give conditional OK to Dow-DuPont merger

To win approval, DuPont agreed to sell large parts of its global pesticide business.

The Senate has already voted to overturn regulations that required telecom companies to ask permission before tracking users’ behavior; the House is expected to follow.

Push for Internet privacy rules moves to state houses

Now that Republicans are in charge, the federal government is poised to roll back regulations limiting access to consumers’ online data. States have other ideas.

A vehicle with President Donald Trump's motorcade entered the Trump National Golf Club in Potomac Falls, Va., on Sunday.

Trump puts a presidential-sized spotlight on his brand

This weekend marked the eighth in a row that President Trump has visited a Trump-branded property.

Attorney General Maura Healey and others wanted the regulations to include caps on rate increases.

New rules for long-term care insurance would not cap rate hikes

Regulators would increase oversight of the policies, but wouldn’t limit price increases.

Volunteers packaged meals at Community Servings in Boston; Larry Williams brought five days’ worth of food to the home of Diane Woodford (bottom photo), who unpacked the meals.


Does food count as medicine? Researchers want to find out

Doctors are studying a Boston program to see whether providing medically tailored meals can help chronically ill patients.

New figures show an eastern tilt in Massachusetts’ population

New census figures show the population in Massachusetts grew 4 percent since 2010.

The Trustees of Reservations have zeroed in on five areas to create a public space that would likely cost tens of millions.

Trustees of Reservations hope for ‘jaw-dropping’ park

The Trustees of Reservations are considering five locations along Boston Harbor for a public park.

Uber suspends its driverless car program after Arizona crash

Uber said one of its driverless SUVs was struck by another vehicle, knocking the autonomous vehicle onto its side. No one was injured.

House Speaker Paul Ryan walked away from a podium after telling the news media that he pulled the health care overhaul bill on Friday.

MassHealth can breathe a sigh of relief — for now

The failure of House Republicans to approve new health care legislation was met with relief in the commonwealth.


How to head off a household disaster

For homeowners, it makes sense to tackle minor household headaches before they become migraines.


America needs to keep the ‘care’ in health care

Should we abandon the children of parents who make bad decisions? Some readers say yes.

This 99-unit apartment building in Chicago doesn’t have a single parking space for residents. The building is across from a rail stop and a dedicated bike lane.

Move to the suburbs, leave your car behind

An increasing number of communities dotting Boston’s inner ring have taken steps to revisit parking requirements in certain areas.

The apartment complex that the Mount Vernon Company is building in Brighton will have storage for 132 bicycles and an onsite bike repair room.

Boston officials rethink parking

The effort is prompting pushback in parts of the city where the free parking space has long been held sacred.


Severance pay may not keep you from collecting unemployment compensation right away

In Mass., an employee who signs a release of claims is able to file for unemployment upon separation.

Michael Latulippe, president of the Cannabis Society and development director of the Massachusetts Patient Advocacy Alliance.

Five things you should know about Michael Latulippe

The longtime medical marijuana advocate stands at the center of Massachusetts’ pot scene.

China Railroad Rolling Stock Corp. is building a $95 million factory in Springfield.

Chinese company building new MBTA trains keeps on rolling

China Railroad Rolling Stock Corp. has used the contract — and its new Springfield factory — to add contracts in Philly and LA.

Charlie Baker will help launch the program.

Partners, GE step up to fight opioid epidemic

State officials spend millions of dollars each year to combat the opioid epidemic. Now, the private sector is stepping up, led by big players such as Partners HealthCare and General Electric.

“Tax reform is a lot simpler” than health care reform, said Treasury Secretary Steven Mnuchin.

Mnuchin says administration tax plan coming soon

The treasury secretary said the goal is to get a program approved by Congress by August.

Medfield Ma 03/10/2017 Ridge White (cq) proprietor of Robert E. White Instruments is carrying on a family tradition of the study ,manufacturing, and servicing of nautical instruments. He is photographed in his basement workshop. Jonathan Wiggs /GlobeStaff) Reporter:Topic


If you need a sextant fixed, this is the man to do it

Ridge White carries on a family tradition by specializing in `yestertech’ nautical instruments.

A man walks past an electronic stock indicator of a securities firm in Tokyo, Thursday, March 23, 2017. Shares were modestly higher Thursday in Asia after Wall Street steadied overnight. Investors are awaiting a vote in the U.S. Congress on health care legislation that is seen as a bellwether for the capacity of the administration of U.S. President Donald Trump to deliver on campaign promises for tax and regulatory reform. (AP Photo/Shizuo Kambayashi)

World markets mixed as US health care bill vote looms

Investors are awaiting a vote in the US Congress on health care legislation that is seen as a bellwether President Donald Trump’s ability to deliver.

Mindich to unwind $7 billion Eton Park after 13 years

Eric Mindich, a one-time Goldman Sachs star trader who jumped into the hedge fund industry during its heyday, is throwing in the towel on his $7 billion firm.

Representative David M. Nangle (center) in 2014.

State lawmaker takes another crack at taxing nonprofits

A proposed law would require Mass. nonprofits to pay property taxes if their five highest-paid employees collectively make more than $2.5 million per year.

The Senate just voted to undo landmark rules covering your Internet privacy

The FCC’s rules are being debated as Internet providers — no longer satisfied with simply offering Web access — race to become online advertising giants as large as Google and Facebook.

Friday’s business agenda

Symposiums, classes, and more notable events and things to know.

Boston, MA - 2/21/2017 - Massachusetts Governor Charlie Baker speaks during a news conference to announce the state's criminal justice system's review findings at the Massachusetts State House in Boston, MA, February 21, 2017. (Keith Bedford/Globe Staff)

Baker administration floats alternative to health care levy

The new proposal would increase an existing assessment, called the Employer Medical Assistance Contribution, which applies to employers with six or more workers

WASHINGTON, DC - MARCH 23: Jay Claton testifies before the Senate Banking Committee during his confirmation hearing to be chairman of the Securities and Exchange Commission in the Dirksen Senate Office Building on Capitol Hill March 23, 2017 in Washington, DC. Nominated by U.S. President Donald Trump to lead the SEC, Clayton was questioned by senators about his years representing large banks like Goldman Sachs, Barclays, Deutsche Bank and other Wall Street companies. (Photo by Chip Somodevilla/Getty Images)

Trump SEC pick says he has no ‘specific’ Dodd-Frank gut plan

Wall Street lawyer Jay Clayton also told the Senate Banking Committee his work for financial firms would be a strength should he win confirmation to run Wall Street’s top regulator.

Tech Lab by Hiawatha Bray


Bray writes about technology for the Business section. His Tech Lab column appears on Thursdays.

Shirley Leung


Leung writes a business column every Wednesday and Friday. Previously she served six years as the business editor overseeing daily and Sunday coverage.

Innovation Economy by Scott Kirsner


Kirsner’s Innovation Economy column appears in the Boston Sunday Globe, and he contributes to the Globe’s Beta Boston website.