Smart investors may be killing capitalism

When investors own little bits of everything, they lose interest in the kind of fierce market competition that is supposed to keep prices low and innovation humming.

Rep. Pete Welch, D-Vt., speaks on Capitol Hill in Washington.

stat

Lawmakers push drug makers to explain soaring MS drug prices

Two Democratic lawmakers have sent letters to several drug companies about the costs of treatments for multiple sclerosis.

Carpenter Andral LaFleur worked on a column at the new building.

One Dalton tower set to power up

The hotel and condo tower under construction alongside Christian Science Plaza is set to poke its head up above the neighboring Sheraton Hotel within the next few weeks.

Brigham and Women's Hospital officials previously said that they were offering voluntary retirement to 1,600 employees.

Brigham and Women’s buyouts will cost as much as $90m

The company doesn’t expect to start reaping savings from the job cuts in the next fiscal year, which begins Oct. 1.

Latest Business headlines

CONSUMER REPORTS

Keeping things solid underfoot

Wood is most the popular flooring, but a poor choice for the kitchen.

MICHELLE SINGLETARY | THE COLOR OF MONEY

Are you plagued by serial get-out-of-debt disorder?

This ailment typically affects people who live above their means.

Sporting goods retailers brace for lengthy slump

Shares of stores that mostly sell sneakers and sporting gear plummeted Friday after Foot Locker and smaller rival Hibbett Sports reported a drop in sales in the latest quarter.

Infosys chief quits after battle with founders

The departure of Vishal Sikka comes just months after a struggle at the top of the Tata Group, a powerful Indian conglomerate, focused attention on a variety of problems in the country’s corporate governance and culture.

Former Uber CEO lashes out at VC firm suing company

Former Uber CEO Travis Kalanick is skewering a lawsuit filed by a former ally, describing it as a malicious attempt to sever his remaining ties to the widely used ride-hailing service that he co-founded.

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Sean P. Murphy is the Globe’s consumer columnist, and he’s here to take your queries.

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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

What’s said during a meeting of the High-Growth CEO Forum — like this recent session at Hotel Marlowe in Cambridge — doesn’t get repeated in public.

Never heard of the High-Growth CEO Forum? That’s just fine with the group’s members

Local tech executives say its low profile allows them to seek advice — and accept criticism — from peers.

Jack Ma-backed Yunfeng to buy MassMutual unit for $1.7 billion

Yunfeng will use the new unit to add offerings such as death benefits and annuities.

Walmart said sales have soared at Walmart.com, Jet.com, and its other websites in the last three months.

Walmart’s online sales soar as it seeks to catch Amazon

The world’s largest retailer said Thursday that online sales soared 60 percent in the past three months.

A worker ran the new molding machine used to make L.L. Bean’s famous hunting shoe.

L.L. Bean boosting production of iconic boot

L.L. Bean hopes to give the boot to backlogs of its most iconic product.

The Landmark Center had been expected to be the site of the first urban Wegmans store in the Boston area.

Wegmans moves ahead with two suburban stores, while plans for Boston market are on hold

In Boston, Wegmans’ hunt for space led it to the Landmark Center in the Fenway. But now that deal might not happen.

User design professionals from around the area are invited to a forum and happy hour on Thursday.

So far, compromise eludes Mass. alcohol task force

But the group’s chairman insists it will promote major changes to the way beer, wine, and spirits are sold in Massachusetts.

Lawsuit claims Poland Spring Water is committing ‘colossal fraud’

A lawsuit claims that Poland Spring Water is deceiving consumers by saying their bottle contains ‘‘100 percent natural spring water’’ that hails from Maine.

Friday’s business agenda

Networking breakfast, programming workshop and other notable events and things to know.

UMass Memorial, which has its flagship teaching hospital in Worcester, said it will continue to care for MassHealth patients.

UMass Memorial pulls out of state Medicaid overhaul

The move makes UMass Memorial Health Care the state’s only large network of doctors and hospitals that will not participate in the restructuring of MassHealth.

Mass. unemployment rate evens out with national average

Massachusetts lost 200 jobs in July, and the labor force participation rate took a slight dip.

The first Instant Pickups were opened on or near college campuses in Los Angeles; Atlanta (above); Berkeley, Calif.; Columbus, Ohio; and College Park, Md.

In Boston, Amazon items will be available in an instant

An Instant Pickup store, where your order is ready in two minutes, is opening on Commonwealth Avenue.

Pieter Slaman in the greenhouse at Little Leaf Farms.

ON THE JOB

He’s spent most of his life perfecting lettuce

Pieter Slaman uses his Netherlands-learned expertise to help run a high-tech farm in Devens.

US central bankers remain divided over inflation risks, and some argue the Federal Reserve can afford to

Fed officials confront new reality: low inflation and low unemployment

A growing number of officials say the Fed needs to adjust its assumptions about inflation and employment, according to an account of the meeting that the Fed published on Wednesday.

A memorial for Heather Heyer at the scene where she was killed when a man drove into a crowd during a protest against a rally of white nationalists in Charlottesville, Va.

Shutting up the alt-right

Sometimes even a free speech fanatic like me is forced to admit that the correct answer is “shut up.”

The American Medical Association, which believes treatment plans should be left to doctors and their patients, has offered criticism of the Express Scripts program that limits the number and dosage of opioid drugs prescribed for first-time users

Express Scripts to limit opioids; doctors concerned

The nation’s largest pharmacy benefit manager will soon limit the number and strength of opioid drugs prescribed to first-time users as part of a wide-ranging effort to curb an epidemic affecting millions of Americans.

Claudio Montes checked a shipping manifest for US manufactured parts heading to assembly plants in Mexico at Freight Dispatch Service Agency LTD in Pharr, Texas.

US demands big NAFTA changes, setting stage for tough talks

The United States won’t settle for cosmetic changes to the North American Free Trade Agreement, the top US trade negotiator said, as negotiations to rework terms of the pact began.

Amid uncertainty, state delays approval of 2018 insurance rates

Officials said they would wait until “sometime in September” to approve the rates, amid President Trump’s threat to end some subsidies.

Megan Chrobak, a PhD student at Worcester Polytechnic Institute, showed the type of gelatinous patch that could one day help a human heart heal after an attack that deprives the organ’s tissue of oxygen.

BY IKE SWETLITZ | STAT

Researchers strive to create beating Band-Aids for the heart

Damaged heart tissue doesn’t just heal like a scraped knee — it needs a little help from tissue engineers.

transportation and ownership concept - customer and salesman with car key outside

CONSUMER ALERT

Beware of ‘buy here, pay here’ car deals

It is not uncommon for auto sellers to take advantage of customers with limited incomes or low credit scores.

Thursday’s business agenda

Mortgage rates, marketing workshop, panel discussion, and other notable events and things to know.

The new Wegmans in Natick is hiring 550 new employees

Wegmans, which is rapidly expanding in Mass., is hiring 550 new employees at its new location in Natick — 225 of whom would be full-time.

Minuteman Health won’t relaunch as for-profit

Thousands in Massachusetts and New Hampshire will now need to find new health insurance for 2018.

General Electric’s then-chief executive Jeff Immelt (center) arrived for a meeting with President Trump and manufacturing CEOs in February.

GE chair Jeff Immelt quit Trump panel just before president disbanded it

General Electric chairman Jeff Immelt joined the exodus of executives quitting the manufacturing council.

Organizers postpone Google protest marches, citing ‘alt-left terrorist’ threats

The postponement of Saturday’s rally comes on the heels of bloody clashes in Charlottesville.

An architectural rendering of the proposed museum on the New London waterfront.

Plan for new Coast Guard museum in Conn. gains momentum

Supporters of the National Coast Guard Museum say a $100 million museum will become a reality in New London, Conn., soon.

Partners HealthCare’s chief executive, Dr. David Torchiana, topped the list of executives at the state’s largest nonprofit hospitals who received sizable pay raises in 2015.

Partners CEO tops hospital pay list

Dr. David Torchiana, who oversees the state’s largest health system and largest private employer, earned nearly $4.3 million in total compensation in 2015.

A worker inside a Suniva plant, one of the largest American makers of solar cells and finished modules. American solar panel makers say below-cost sales by Chinese companies are ruining business.

Solar developers and panel makers clash over tariff request

Tariff opponents and proponents argued that the future of the solar industry is at risk.

Workers loaded rolls of sheet metal at LMS International in Laredo, Texas, on the US-Mexico border. Talks aimed at overhauling the NAFTA trade accord begin Wednesday.

Three-nation efforts to revise NAFTA set to begin

Of all the trade deals he lambasted on the campaign trail as threats to American workers, President Donald Trump reserved particular scorn for the North American Free Trade Agreement.

Wednesday’s business agenda

CEO panel, networking, workshops, and other notable events and things to know.

Uber has agreed to protect customer data and audit the use of rider information in order to settle a complaint filed by the federal government.

Uber agrees to privacy audits in settlement with FTC

Uber has agreed to two decades of privacy and security audits to settle federal accusations that it did not keep promises to protect customer data.

Padma Lakshmi (left) testified at the John Joseph Moakley Courthouse in the Teamsters extortion trial.

Verdict in Teamsters’ case could have wide-reaching implications

The acquittals could have a profound effect on the labor movement.

Stocks end the day about where they started it

Stocks were coming off their biggest one-day gain in more than three months.

A mural is painted onto the back of the Hanover Theatre in Worcester. A state agency just paid $800,000 to buy a building across from the theater that houses a pawn shop.

Mass. agency buying properties in bid to revive older downtowns

MassDevelopment hopes that putting a shabby building or vacant lot to better use will be a catalyst for positive change.

Rebecca Onie is founder and CEO of Health Leads.

Five things to know about Rebecca Onie

Rebecca Onie is chief executive of Health Leads, a Boston-based nonprofit with a mission of persuading health care institutions to address food, electricity, and other basic resources that patients need to be healthy.

Wisconsin Assembly committee approves $3b Foxconn tax break

A $10 billion plant could employ up to 13,000 workers.

British IT expert Marcus Hutchins, branded a hero for slowing down the WannaCry global cyberattack, and an unnamed co-defendant has been charged with conspiring to commit computer fraud in the state and elsewhere.

British cybersecurity expert pleads not guilty to US charges

Marcus Hutchins pleaded not guilty Monday to federal charges accusing him of creating malicious software to steal banking information three years ago.

A FedEx-like track-and-trace system mandated by Congress is being phased in to protect the public against fakes.

STAT

Facing deadlines, drug makers move to beef up defenses against counterfeit medications

A FedEx-like track-and-trace system mandated by Congress is being phased in to protect the public against fakes.

Many taxi drivers considered the arrival of Uber and Lyft at Logan as a death knell. The airport had been the one place where they were protected against competition by app-based ride-hailing operations.

Taxi business at Logan is down 10% since Uber, Lyft began picking up fares

Taxis are still king of Logan International Airport, but not quite the way they were.

Neurala’s self-driving car, on Newbury Street in Boston, automatically identified pedestrians, cars, cyclists, and trucks in the scene. Recognition is done in real time.

Boston firm’s artificial intelligence technology may have broader applications

Neurala Inc. is teaching body cameras worn by police officers to detect suspicious people or locate missing children faster than the human eye.

Trump calls for review of China intellectual property policy

The action adds to the list of trade irritants between the world’s two biggest economies as they work to contain North Korea.

Federal Reserve Bank of New York president William Dudley said he would favor a third increase this year in the bank’s benchmark short-term rate if the economy stayed strong.

Top Fed official tells AP: Bond portfolio could shrink soon

A top Federal Reserve official suggested that the Fed will likely announce next month that it will begin paring its bond portfolio — a step that could lead to slightly higher rates on mortgages and other loans.

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.