Marty Walsh turns to business community to help solve financial puzzle of climate resiliency

Business leaders seem ready to embrace Marty Walsh’s vision of a “climate ready” Boston. Whether they’re ready to break out their checkbooks remains to be seen.

A brain scan taken of a patient in a study launched by Rodin Therapeutics. The Cambridge company is testing the radioactive substance, developed by a Belgium-based drug maker, as it prepares to test its experimental medicine to treat Alzheimer’s disease.

New chemical eyed in fight vs. Alzheimer’s

A Cambridge biotech startup is using a new method to gauge the health of synapses in people’s brains as it prepares to test an experimental medicine to treat Alzheimer’s disease.

The tough working conditions for meatpackers have long forced the industry to turn to immigrants for workers. But tougher immigration policies have left many jobs unfilled.

Workers in demand in meat processing

On any given Monday, America’s biggest supplier of ground beef has 1,000 jobs unfilled, pushing Cargill Inc. to aggressively sweeten the pot on benefits to retain existing workers and hire new ones.

The Universal Postal Union treaty has allowed Chinese goods to enter the United States at discounted shipping rates.

Trump ditches 144-year-old postal pact that boosts Chinese retailers

President Trump moved Wednesday to withdraw from a postal agreement that enables businesses in China to mail small packages to the United States at a hefty discount.

Latest Business headlines

MassMutual sells OppenheimerFunds to Invesco

Mass. Mutual Life Insurance Co. and OppenheimerFunds employees will get about $5.7 billion in Invesco preferred and common stock for the fund unit, which has $246 billion in assets.

Morphic signs $100 million licensing deal with AbbVie

The Waltham startup will work on developing treatments for fibrosis-related conditions.

Business agenda

A crisis seminar, mortgage rates, and other events and things to know.

Twitter airs election meddling data

Twitter is releasing all known accounts and posts related to “information operations” dating back to 2016, when it was first learned that foreign operators were using social media to meddle in US elections.

Walsh climate plan an early hit with business folks

The Chamber of Commerce set seemed willing to help — even though the cost is far from clear.


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// 51 bright ideas and breakthroughs for 2017

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More Business headlines

A rendering from page 44 of the

Walsh calls for major investment to guard city against flooding

Mayor Martin Walsh will roll out an array of projects designed to protect Boston from rising sea levels. And he’s asking business leaders for their help to make them happen.

Education Secretary Betsy DeVos wanted to develop her own loan regulations.

Delayed Obama for-profit fraud protection ordered into force

Students defrauded by for-profit colleges scored an important victory on Tuesday, when a court cleared the way for an Obama-era policy that will make it easier for them to get their student loans forgiven.

Business agenda

A fall mixer, a hacking contest, and other events and things to know.

Carl Icahn (above) last tangled with Michael Dell in 2013, when Dell took his namesake company private.

Chesto Means Business

Michael Dell’s showdown with nemesis Carl Icahn can be traced back to EMC deal

Michael Dell’s old foe is back — and this time he’s armed with a copy of Machiavelli’s “The Prince.”

Ed (left) and Todd Park are trying to building another major player in the health care field.

This company, led by veteran athenahealth execs, just raised $300m

With Devoted Health, Ed and Todd Park are on their way to building another major player in the field.

“Our board of directors is confident that integrating the two companies’ portfolios is the right path,” said Warp Drive Bio CEO Laurence Reid.

Warp Drive Bio bought by California company

Under the deal, the Cambridge biotech’s local operations will be shut down. The combined firm will consolidate to an office in Redwood City, Calif.

The legal action is a twist in Attorney General Maura Healey’s campaign to police the so-called competitive energy market.

Conn. company is accused of overcharging more than 100k Mass. residents for electricity

Attorney General Maura Healey’s crackdown on competitive electricity suppliers took a twist this week as her office sued Starion Energy.

FILE- In this Oct. 11, 2018, file photo trader Thomas Ferrigno works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EDT on Tuesday, Oct. 16. (AP Photo/Richard Drew, File)

US stocks rally most since April as tech surges

Corporate earnings reports provided a respite from tensions over trade and geopolitics. The dollar declined.

Steve Pagliuca was on a list of speakers at Saudi Arabia’s Future Investment Initiative.

Bain Capital co-chairman won’t attend Saudi conference

Add Bain Capital co-chairman Steve Pagliuca to the list of executives who are bailing from Saudi Arabia’s Future Investment Initiative.

Steve and Diane Trask with their son, Brayden, 13.

Sean P. Murphy | The Fine Print

A dog dies, and his family wants answers

Steve Trask discovered his family’s pet puggle in rough shape at a boarding facility, and then things took a more dire turn.

Elon Musk

Judge approves Elon Musk’s $40m settlement with SEC over tweets

The judge’s decision was largely expected, even after Musk muddled the process by insulting the SEC in a series of tweets just a few days after reaching the settlement deal.

Facebook will force British political ad buyers to reveal identity

‘‘By having people verify who they are, we believe it will help prevent abuse,” Facebook said.

The buildings of the former Adak Naval Air Facility sit vacant in Alaska. The Trump administration may tap the base as a coal export hub.

US eyes West Coast military bases for coal, gas exports

It would be an end-run around local officials who have rejected private-sector efforts to build coal ports in their states.

“President Trump is taking historic action to bring patients more transparency through consumer advertising,” HHS Secretary Alex Azar said Monday.


Trump wants drug makers to disclose prices online

HHS Secretary Alex Azar suggested the policy change would help bring down drug prices.

More Wall Street executives pull out of Saudi conference, but Mnuchin plans to attend

The disappearance of a Saudi dissident journalist has put Steven Mnuchin, the US Treasury secretary, in an increasingly awkward position as he prepares to attend an investment conference in Riyadh next week.

A sign for a Sears department is displayed in Hackensack, N.J., Monday, Oct. 15, 2018. Sears filed for Chapter 11 bankruptcy protection Monday, buckling under its massive debt load and staggering losses. (AP Photo/Seth Wenig)

Girdles and socket wrenches: Sears was the Amazon of its day

Before there was Amazon — or, for that matter, Home Depot or Walmart or Kmart — there was Sears.

Bold Types

Inner-city entrepreneurs get boost from Steve Grossman

Under Grossman’s watch, the Initiative for a Competitive Inner City has broadened its scope, from three cities to 11, with four more planned in 2019.

Cryptocurrency coins. Fidelity will offer security and storage services, and trade execution for digital assets.

Fidelity starts cryptocurrency unit to serve Wall Street customers

Fidelity Investments is jumping into the emerging cryptocurrency arena with a new business to manage digital assets for hedge funds, family offices and trading firms.

Developers say this project will rise on the site of the former Boston Flower Exchange on Albany Street.

Chesto Means Business

Industrial market is hot in Boston, but is it hot enough to save the city’s middle class?

High office rents and soaring home prices get the attention, but Greater Boston’s industrial market is also on fire right now.

Business agenda

A job fair, a biotech panel, and other events and things to know.

The Sears at the CambridgeSide mall is among the many stores the troubled retailer is closing.

Downfall of Sears may boost a major development project at CambridgeSide

The closure of the Cambridge Sears could help an even larger project that would include office space and housing where the store and the mall’s garage now stand.

Hiawatha Bray | Tech Lab

Can fake news go the way of spam?

Researchers are using AI techniques similar to spam filters to weed out fake news.

FILE - This Wednesday, April 19, 2017 file photo shows the beer cooler behind the counter in a convenience store in Sheridan, Ind. In future sweltering years with a double whammy of heat and drought, losses of barley yield can be as much as 17 percent, computer simulations show. And that means “beer prices would, on average, double,” even adjusting for inflation, said a study published in the journal Nature Plants on Wednesday, Oct. 17, 2018. (AP Photo/Michael Conroy)

Global warming could leave us crying in our costlier beer

Add beer to chocolate, coffee, and wine as some of life’s little pleasures that global warming will make scarcer and costlier, scientists say.

Long-struggling retailer Sears has filed for Chapter 11 bankruptcy.

After decades of decline, Sears files for Chapter 11 bankruptcy

The retailer is buckling under its massive debt load and staggering losses.

Sanofi Genyzme seeks up to 400,000 square feet in Cambridge

The added space would be enough to house around 2,000 employees.

Airbnb is among the well-known short-term rental firms.

State’s stalled plan to regulate Airbnb leaves cities in limbo

For two months, lawmakers and Governor Baker have been in a standoff over legislation — passed in the waning hours of the 2018 session — to tax and regulate short-term rentals.

The week ahead in business

A hacking competition, a data conference, and other events and things to know.

Sears is preparing a Chapter 11 bankruptcy filing to cut its debts and keep operating at least through the holidays, according to two people briefed on the matter.

Sears, once a place to buy everything, nears a bankruptcy filing

The chain more than a century ago pioneered the strategy of selling everything to everyone. Is it nearing its end?

Stat | Pharmalot

Vertex also faces a drug-price fight in Canada

Another country is battling with the Boston drugmaker over its cystic fibrosis medicines.

Jennifer Theriault and Siobhan Cruise are emergency room nurses in Brockton.

Not all nurses back ballot question to regulate staffing

Many nurses, including some in the union, worry about loss of flexibility on the job if a ballot measure passes Nov. 6.

XL Fleet CEO Tod Hynes decked out a small conference room with hockey gear and dubbed it the penalty box.


There’s an energy in offices of XL Fleet

At a Brighton company that helps convert auto fleets to hybrid power, there’s also room for power plays.

The Future Investment Initiative was supposed to draw a who’s who of corporate America to Riyadh later this month. Now, it might be too hot to touch.

chesto means business

Saudi conference puts local execs on the hot seat

The Future Investment Initiative conference was supposed to draw a who’s who of corporate America to Riyadh. But the disappearance of a journalist has changed that storyline.


Put stock market plunges in perspective

If you can ride the waves, you’ll ultimately increase your wealth.

A gas turbine at the General Electric energy plant in Greenville, S.C.

GE investors get reality check as critics see rough road ahead

A pair of General Electric Co.’s most prominent critics is reminding investors that solving all of the company’s problems won’t be as simple as appointing a new CEO.

Facebook has said the attackers gained the ability to ‘‘seize control’’ of user accounts by stealing digital keys the company uses to keep users logged in

Facebook says hackers accessed personal data from 29m accounts

The company has a website where its 2 billion global users can use to check if their accounts have been accessed.

Athenahealth has multiple bidders for sale of the company

Athenahealth Inc. is attracting interest from at least five potential bidders as an auction for the health record technology company nears an end, according to people familiar with the offer.

The Facebook logo.

Facebook says hackers accessed 29m people’s accounts, private information

For 14 million of those accounts, hackers got even more data, such as hometown, birthdate, the last 10 places they checked into or their 15 most recent searches.

Rethink Robotics’ Baxter lost out to a faster, simpler, and smaller competitor from Denmark.

Scott Kirsner | Innovation Economy

Businesses want robots that are problem solvers

In the failure of once-promising Rethink, there are lessons for other robotics makers.

Under Rick Lord’s leadership, AIM became a formidable presence on Beacon Hill, respresenting the views of more than 4,000 employers.

Rick Lord to step down as head of the influential trade group AIM

Under his leadership, the organization has been a vocal presence on Beacon Hill.

An artist’s rendering of the 21-story hotel approved for Kneeland Street in the Leather District.

A 230-room boutique hotel is coming to the Leather District

Plans call for a 21-story building on the site of a closed Kneeland Street restaurant.

President Trump (right) and Chinese President Xi Jinping.

World markets claw back losses on possible Trump-Xi meet

Global stock indexes rose Friday after their recent sharp declines on hopes that President Trump and his Chinese counterpart, Xi Jinping, will meet.

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.