Visa shortage leaves Cape tourist businesses scrambling

A change in the seasonal worker visa program means many employers didn’t get the foreign workers they count on.

Dr. Rijian Wang is QLB Biotherapeutics’ chief executive.

China likes what it sees in Boston biotech

Qilu Pharmaceutical Co. has opened the area’s first Chinese-owned biotech incubator. Expect more to follow.

Aetna headquarters in Hartford, Conn, in 2014.

Shirley Leung

Dear Aetna. You won’t get big dough like GE, but Mass. is still the place to be

An open letter to Mark Bertolini, CEO of Aetna, one of the largest health insurers in the country.

Will housing prices push young workers out of Boston?

New study from the Boston Foundation finds 70 percent of millennials are unhappy with cost of housing in the city.

Latest Business headlines

Coal country’s power plants are turning away from coal

The pressure to shift more of the country’s electric supply to renewable sources is not just a rallying cry for environmentalists.

MICHELLE SINGLETARY | THE COLOR OF MONEY

Five myths about 529 plans debunked

Even though it’s been around for 21 years, many people still don’t know what a 529 college savings plan is.

US growth in frist quarter upgraded to still-slow 1.2% rate

The U.S. economy began 2017 with a whimper — though not quite as weak a whimper as the government had first estimated.

Job Doc

Casually dressed job candidate is threatening to sue

When a business owner or hiring manager shares feedback in an honest way, it can backfire.

Trump blasts German carmakers’ US sales and threatens barriers

‘‘The Germans are bad, very bad,’’ Der Spiegel cited Trump as saying to unidentified participants at a closed-door meeting Thursday with European Union officials in Brussels. ‘‘Look at the millions of cars that they sell in the US. Terrible. We’re going to stop that.’’

Sponsored by Rockland Trust Bank

Taking autism treatment above and beyond

The story of how one South Shore mom became a business owner and a life-changer.

This content was produced by Boston Globe Media in collaboration with the advertiser. The news and editorial departments of The Boston Globe had no role in its production or display.

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An afternoon recap of the day’s most important business news, delivered Monday through Friday.

Globe Magazine

Special section | Game Changers

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2017/05/11/BostonGlobe.com/Business/Images/gamechangershoriz-6383.jpg 51 bright ideas and breakthroughs for 2017

In a revolutionary place like Boston, innovators and innovations are as common as bad drivers. See who made our annual list.

More Business headlines

Business advocates gear up for legal fight against ‘millionaires tax’ proposal

The proposal that would impose more taxes on the super-rich to pay for education and transportation.

Consumer Reports

Camera, camcorder, or phone? Your video options

The era of the shoulder-mounted camcorder is long over.

Wu joined 23andMe in 2009 after graduating from Brown University and earning a PhD from Stanford University.

Five things you should know about Shirley Wu

Wu, director of product science at 23andMe, leads the team that creates the personal genomics company’s genetic health risk reports.

Talking points

Leaving Eastern Standard Time? Clock ticking on state’s review

The clock is ticking on the state Legislature’s dalliance with leaving Eastern Standard Time behind.

TelexFree promoter agrees to repay $1.8 million

Sanderley Rodrigues admitted to federal securities regulators his role in the global fraud case.

28kirsner - For 28kirsner -- Josuel Plasencia. (handout)

INNOVATION ECONOMY

Meet the Class of 2017’s MVP entrepreneurs

From coffee energy bars to election analytics to hyperlocal weather forecasts, these 21 new grads already are making a difference.

About a third of the 161-acre Suffolk Downs site sits in Revere; the rest is in East Boston. Horse racing has been dwindling at the track for years, down to just six live races this season.

From horse track to a hub of housing for Suffolk Downs

New owners of Suffolk Downs envision a mega-development similar to Assembly Row and Boston Landing—only much bigger.

Khalid A. al-Falih, the Saudi energy minister, downplayed the effect of future US shale production on OPEC’s efforts to stabilize oil prices.

OPEC, fighting market forces, extends production cuts

While production cuts have again bolstered oil prices, the optimism may fade, as US shale producers jump back into the market and the rise of renewables dims prospects for demand.

Staples Said to Rebuff Cerberus; Sycamore Still in Running

Staples Inc. has rejected a takeover offer from Cerberus Capital Management as too low, leaving Sycamore Partners in the running to acquire the office-supplies retailer, according to people familiar with the matter.

US housing equity now equals 58 percent of home values, the highest such point since 2006. Yet borrowing against that equity has barely budged from post-recession lows.

US home equity is back, so why aren’t more people borrowing?

Borrowing against home equity has barely budged from post-recession lows, which helps explain why consumer spending remains weak eight years after the Great Recession ended.

People protested Trump administration policies that threaten the Affordable Care Act, Medicare, and Medicaid in January.

Evan Horowitz | Quick Study

Baby boomers beware: GOP’s Medicaid cuts could hurt you later

If the Republican plan to slash $834 billion from Medicaid goes forward, it could have a devastating impact on seniors with critical health needs.

Friday’s business agenda

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

Extensive track repair work at Penn Station in New York is expected to inconvenience thousands of rail commuters this summer, an Amtrak official announced Thursday.

3 tracks to be closed at Penn Station during repairs

Amtrak announced the work last month after two derailments and other major service disruptions highlighted the station’s aging infrastructure.

Other communities that Hubway serves also plan to add stations.

Hubway set for big expansion and year-round service

Boston expects to add more than 70 new stations and more are expected in Brookline, Cambridge and Somerville.

Stock indexes set records on 6th day of gains

US stocks climbed for the sixth day in a row Thursday amid strong first-quarter results from retailers.

Talking points

Could the future of Staples rest on a fat red button?

You could say the company is seeking an easy solution.

Dr. Sarah Bagley works with young people whose lives have been derailed by addiction, at Boston Medical Center's CATALYST Clinic.

ON THE JOB

At this Boston Medical addiction clinic, many of the clients are teens

Dr. Sarah Bagley leads an effort to help young people — and their parents — who are at the breaking point.

According to CNBC, the price of a single bitcoin has recently soared to $2,200 from just $0.003 seven years ago.

Bitcoin soars: $100 in 2010 is worth $75 million today

So what’s driving the run up in price? President Trump, new legislation in Japan, and a recent global malware attack may all be factors.

Passengers store their electronic items in their suitcases and bags when arriving at the Casablanca-New York flight zone at Casablanca Mohammed V International Airport on Thursday, March 29, 2017. The U.S. and British governments, citing unspecified threats, are barring passengers on some international flights from mostly Middle Eastern and North African countries from bringing laptops, tablets, electronic games and other devices on board in carry-on bags. (AP Photo/ Abdeljalil Bounhar)

TSA will heighten electronics screening at some US airports

Passengers will be asked to send large electronics, including tablets, through X-ray screening separately from their carry-on bags.

A runway at Logan Airport is closed to be fully resurfaced for the first time in 10 years.

Flight delays rise as Logan Airport rebuilds a runway

The number of delayed flights into and out of Logan airport increased substantially in the past week after one of the main runways was shut.

Women CEOs earn big pay, but few of them have the top job

Women CEOs earned big bucks last year, but there’s still very few of them running the world’s largest companies.

WASHINGTON, DC - MAY 04: (L-R) U.S. Rep. Kevin Brady (R-TX), President Donald Trump, Speaker of the House Rep. Paul Ryan (R-WI), House Majority Whip Rep. Steve Scalise (R-LA) and House Majority Leader Rep. Kevin McCarthy (R-CA) participate in a Rose Garden event May 4, 2017 at the White House in Washington, DC. The House has passed the American Health Care Act that will replace the Obama era's Affordable Healthcare Act with a vote of 217-213. (Photo by Alex Wong/Getty Images)

Evan Horowitz | Quick Study

GOP health care bill casualty? Insurers markets

Tying insurance to employment keeps people stuck in bad jobs and ensures that every recession brings a wave of newly uninsured people.

FILE - In this Thursday, June 2, 2016, file photo, United Airlines CEO Oscar Munoz delivers remarks in New York, during a presentation of the carrier's Polaris service. United's annual meeting with shareholders takes place Wednesday, May 24, 2017. (AP Photo/Richard Drew, File)

As employees protest outside, United CEO assures shareholders at annual meeting

The CEO of United Airlines assured shareholders Wednesday that the company is doing all it can to be more customer-friendly.

Five accused of trading illegally on health policy leaks

Federal authorities charged five people with insider trading in shares of several health care stocks using confidential information passed on by a health care consulting firm.

General Electric chief executive Jeffrey Immelt said challenges in the oil industry and in equipment pricing means the company will have to stretch to meet a goal of earning $2 a share next year.

GE’s Immelt sees challenge in Trian profit goal

General Electric Co. CEO Jeffrey Immelt, under pressure from activist investor Trian Fund Management to boost profit, is giving shareholders little reason for optimism. 

Chief executive Tom Erickson, a longtime tech-industry leader, plans to step down from the job and become Acquia’s board chairman.

Bold Types

Changing of the guard at Boston’s Acquia

Acquia, a big Boston tech startup that sells software used to run corporate, government, and nonprofit websites, is looking for a new boss.

People walked past the Marriner S. Eccles Federal Reserve Board Building in Washington, D.C.

Fed sounded note of caution at last meeting on raising interest rates

The account of the Federal Reserve’s early May meeting, which the Fed published Wednesday, suggested the decision to raise interest rates in June still hangs in the balance.

Trump wants $108M for deeper ports, including Port of Boston

President Donald Trump wants $108 million to help two US seaports, including the Port of Boston, deepen their harbors.

US stocks extend gains to a 5th day

Stocks rose on news the Federal Reserve plans to start reducing its huge portfolio of bonds.

Thursday’s business agenda

Summits, office hours, and more notable events and things to know.

Novartis eliminating 11 data jobs in Cambridge

Pharmaceutical giant Novartis AG will cut 11 data management and statistical programming jobs in Cambridge as part of a broader restructuring that will consolidate data operations for the company’s global drug development business in Hyderabad, India.

Thailand's King Vajiralongkorn Bodindradebayavarangkun addresses the audience at the royal ploughing ceremony in Bangkok, Thailand, Friday, May 12, 2017. The annual event marks the beginning of the growing season in Thailand for rice. (AP Photo/Sakchai Lalit)

hiawatha bray | TECH LAB

How other countries are trying to censor the Internet

There’s reason to worry about increasing efforts to block certain content outside the US.

A concept drawing of a train yard the Massachusetts Department of Transportation is considering for Widett Circle. Boston Mayor Martin Walsh wants to see the area, now home to food wholesalers, redeveloped into a new neighborhood.

Plans to redevelop Widett Circle could collide with need to park trains

The owners of Widett Circle would like to see the property become Boston’s next hot new neighborhood. Unfortunately for them, state officials want to park trains there.

The three new mutual funds are “ obviously fairly sophisticated instruments,’’ said Scott C. Sipple, head of Global Investment Strategies at Putnam.

Putnam unveils three ‘alternative’ mutual funds

It’s the latest move by the Boston-based investment firm to adapt to customers’ changing preferences.

CONSUMER ALERT

You can sound off to the FCC about ‘ringless voice mail’

The agency is accepting comments on a new wave of businesses that send messages directly to cellphone mailboxes.

04/22/2016 -Boston, MA- Uber driver Dean Johnson (cq) waits for a customer outside South station in Boston, MA on April 22, 2016. (Craig F. Walker/Globe Staff) section: metro reporter:

Uber wants ‘swift’ changes to Massachusetts background checks

The state has rejected more than 10,000 drivers who previously passed separate background checks by Uber and Lyft.

An Uber driver helping a woman into the car in New York.

Uber admits it underpaid tens of thousands of New York City drivers

The drivers will now collect an average of $900 each in reimbursements, which includes interest on the lost earnings.

BOSTON, MA - 5/30/2014: The Boston Convention and Exhibition Center is the largest exhibition center in the Northeast United States, with some 516,000 square feet of contiguous exhibition space may be allowed to get BIGGER AERIAL (David L Ryan/Globe Staff Photo) SECTION: BUSINESS TOPIC

Shirley Leung

A real turf war is brewing in Southie

If you want to rile up Boston Mayor Marty Walsh, ask him about the expansion of the convention center in South Boston.

Labor Secretary Alexander Acosta said his department will seek public input on how to change the fiduciary rule.

Obama-era rule on financial advisers to go forward, for now

The Trump administration is allowing to go forward an Obama-era rule that puts stricter requirements on professionals who advise retirement savers on their investments.

Stocks claw back more lost ground with 4th straight gain

Stocks continued to recover the ground they lost last week. Major indexes approached record highs.

Wednesday’s business agenda

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

Tech Lab by Hiawatha Bray

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

Shirley Leung

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