Mass. senator’s plan: Go west to work, and we’ll pay you

Senator Eric Lesser wants to reimburse people who move to the state’s four westernmost counties and work from their homes or coworking spaces.

Massachusetts Gov. Charlie Baker faces reporters as he unveils his state budget proposal during a news conference, Wednesday, Jan. 23, 2019, at the Statehouse, in Boston. During remarks Baker spoke about his administration's plan for revamping the state's public school funding formula, including targeted spending increases for low-income and special education students. (AP Photo/Steven Senne)

Governor Baker has plan to rein in soaring drug costs in state Medicaid program

A new plan, unveiled Wednesday, seeks to tackle the high cost of prescription drugs in the state Medicaid program by negotiating prices directly with drug makers and subjecting expensive drugs to state oversight.

Renderings of the new One Congress Street office tower.

State Street’s new HQ deal boosts Government Center Garage project

The financial services giant will move from its current tower to One Congress.

Key Vertex executive is fired over ‘personal behavior’

The Boston biotech says Ian Smith, who was COO and interim CFO, violated its code of conduct.

Latest Business headlines

Businesses sound alarm as UK says prepare for no-deal Brexit

A growing number of British firms are bracing for disruption by stockpiling goods or shifting operations overseas.

Business agenda

Mortgage rates, a coding bootcamp, and other events and things to know.

Racism at GM, From Insults to Nooses, Spurs Warnings and Firings

After three lawsuits alleging rampant racism at a General Motors Co. plant in Toledo, Ohio, and firings in response, African-American workers say the offensive behavior continues.

How a smartphone app helped find missing woman

It wasn’t an exotic computer program but a feature many people have learned to master on their smartphones that was key in locating Olivia Ambrose.

US stocks waver as signs of future profit growth wobble

US stock indexes spent Wednesday drifting and finished with small gains. While big companies continue to report strong profit growth, investors aren’t sure how much longer it will last.


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// The 2018 Top Places to Work in Massachusetts

These 128 businesses have the happiest employees in the state. Here are sortable lists of the winners, and how we compiled them.


// WATCH: To detect cancer, these researchers turn to an unlikely source

A team at Boston Children’s is scouring thousands of urine samples for cancer biomarkers.

More Business headlines

Cambridge 06/0514- Fog shrouds the Boston skyline as the State House dome stands out amidst the buildings on Beacon Hill as seen from Cambridge. Boston Globe staff photo by John Tlumacki (metro)


Please remember this as we rip into Mass. General’s expansion project

Boston has an economic ecosystem that makes it unique. We can give it room to grow without selling out.

Desktop Metal scores another big round of venture funds

The maker of sophisticated machines that “print” metal parts said the latest funding round makes Desktop Metal a “unicorn,” or a startup valued at more than $1 billion.

It’s a long-running problem for the local real estate market: Too few homes with a sign like this out front.

Home prices were up in December, but sales dropped

New data show Massachusetts real estate market ended 2018 much the way it began.

Business agenda

A robotics summit, a leadership workshop, and other events and things to know.

Jair Bolsonaro, speaking at the World Economic Forum in Switzerland, pitched Brazil as a good place to do business.

Brazil’s Bolsonaro is the face of populism at the Davos Forum

Brazil’s new leader, Jair Bolsonaro, a man whose nickname back home is the “Trump of the Tropics,” stepped in to take up the populist mantle Tuesday.

Meng Wanzhou, Huawei’s chief financial officer, is accused of fraud by the United States.

China demands US drop Huawei extradition request with Canada

China is shifting blame to Washington in a case that has severely damaged Beijing’s relations with Ottawa.

Chris Oddleifson

Banks continue to bet on bricks and mortar

The number of local, state-chartered bank branches in Massachusetts has actually increased by 20 percent during the past five years. The Division of Banks reported 1,142 as of the end of December, compared to 953 in 2014, with steady growth each year.

State fines National Grid for storm response

A powerful wind storm in October 2017 left thousands of customers without power.

A Chrysler Pacifica hybrid outfitted with Waymo's suite of sensors and radar.

Google self-driving spinoff Waymo to put factory in Michigan

The plan will create up to 400 jobs at what the company describes as the world’s first plant “100 percent” dedicated to the mass production of autonomous vehicles.

Stocks sink on growth fears and possible snag in trade talks

Stocks fell sharply Tuesday following new signs the global economy is weakening and reports of difficulties in trade talks between the United States and China.

23MGH -- A rendering of the new building project proposed by Massachusetts General Hospital (courtesy of the hospital). This would be built on Cambridge Street between Blossom and North Grove. (Massachusetts General Hospital)

Mass. General Hospital plans large addition

The project is likely the largest ever proposed by a hospital in Mass., and it promises to reshape a busy stretch of downtown Boston between Government Center and the Longfellow Bridge.

Fan Lucy Mitchell, 15, greeted Jason Nash as he was vlogging his day in Wellesley recently.

For Jason Nash, life is one long YouTube video

With 17 million YouTube views in a month, Boston native Jason Nash and his “Vlog Squad” cohorts have become video stars.

A home in Quincy’s Houghs Neck section, in March 2018.

Study finds rising seas are eroding value of homes along coast

Rising seas have already cost Massachusetts homeowners more than a quarter-billion dollars in lost property value, according to a study.

The Starbucks at Government Center in Boston.

Starbucks delivery coming to Boston

Dunkin’ already offers delivery via DoorDash, while Starbucks is turning to Uber Eats for half-hour service.

L'Espalier restaurant.

Sean P. Murphy | The Fine Print

Upscale restaurant’s closing leaves holders of gift cards hungry for refunds

At least a half-dozen people say they were stiffed when Back Bay gourmet restaurant L’Espalier closed suddenly.

Kansas City, MO - 1/20/2019 - (overtime) New England Patriots head coach Bill Belichick and New England Patriots quarterback Tom Brady (12) celebrate the overtime win over the Kansas City Chiefs. The Kansas City Chiefs host the New England Patriots in the AFC Championship game at Arrowhead stadium. - (Barry Chin/Globe Staff), Section: Sports, Reporter: James M. McBride, Topic: 21Patriots-Chiefs, LOID: 8.5.157043654.


The Super Bowl Patriots are stock market bears

From hoodies to HDTVs, business picks up around the region when the Patriots go to the Super Bowl. It’s a different story for the stock market.

Republican Tennessee Senator Marsha Blackburn said, “I agree with consumers who demand their privacy be protected in an Internet ecosystem where everybody is playing by the same set of rules.”

Tech Lab

Will new Congress lay down the law on tech?

Divided over many issues, Republicans and Democrats appear to be slowly coalescing around a few big ideas to regulate big technology companies.

Major construction projects have remade the area around TD Garden and North Station, which Boston Properties wants to be known as Uptown. Above is the view looking out from the new entrance to the MBTA station.

There’s really no place like Boston’s ‘Uptown’

The latest attempt to rename a section of the city faces an uphill battle.

Business agenda

A salary negotiation workshop, a tech sales exposition, and other events and things to know.

Jamey Mock


At PerkinElmer, growth’s again at top of mind

It’s been just over a year since PerkinElmer completed the largest acquisition in its history.

Wealth inequality ‘out of control,’ Oxfam warns

Billionaire fortunes increased by 12 percent last year, while the world’s poorest half saw their wealth decline by 11 percent, anti-poverty campaigner Oxfam said.

Africa will be an enormous growth market for years, says Alex Finkelstein. Above, a new bridge in Mozambique.


The VC forecast includes hopes for AI and Africa, worries about politicians

A survey of local venture capitalists turns up some recurring themes.

Developers plan a 1.9 million-square-foot complex at the former power plant in South Boston. But currently, a restriction prevents residential projects on the site.

Legislature may get involved in fight over housing at old power plant in South Boston

South Boston politicians who have concerns about a massive redevelopment project at the shuttered Boston Edison plant have taken their fight to the State House.

“We just don’t see any need to continue manufacturing those beers.’’ said Sean Mossman of COOP Ale Works.

More lenient state laws could mean beer makers cut off low-alcohol brands

Beer snobs are raising their mugs to a stronger brew in three states that once forbade grocers from selling anything but low-alcohol brands, and the changes could indirectly chill the industry in two others where such regulations remain.

Forbearance can protect credit score during shutdown

Once a loan is entered into forbearance status, a lender temporarily suspends the required payments.

Massport’s plans for Logan Airport include reconfiguring the access roads for terminals B and C.

Logan Airport due for huge makeover aimed at improving access

Plans are underway for expanded and updated terminals, new access ramps, and limited curbside access to terminals. Is there a monorail in its future?

A ride share car displays Lyft and Uber stickers on its front windshield in downtown Los Angeles, California.

Bill calls for higher fees for Uber, Lyft in Mass.

Three Massachusetts lawmakers are joining with a regional planning advocacy group to call for higher fees for ride-hailing companies.

At a Raise Up rally last May, hundreds gathered at the State House to support paid leave and a $15 minimum wage.

Chesto Means Business

Supporters look to revive the ‘millionaires tax’

Proponents suffered a crushing defeat in June when the state’s high court ruled that the “Fair Share Amendment” would be unconstitutional.

Sarah Hodge Grob said, “I’ve always loved fashions, especially the transformative effect that clothing can have on someone.”


Her mission: finding clothes that you won’t return

True Fit’s Sarah Hodge Grob helps gather data that’s used by retailers and manufacturers to better target consumers.

US regulators have met to discuss imposing a record-setting fine against Facebook

The penalty is expected to be much larger than the $22.5 million fine the FTC imposed on Google in 2012.

Seafood worker dies from injuries at New Bedford plant

William Couto of Acushnet is the second Sea Watch International worker in five years killed after getting caught in machinery.

Sweden forms a government after 133 days, but it’s a shaky one

After a deadlock lasting more than four months, Sweden got a new government on Friday, with the Social Democrats and Prime Minister Stefan Lofven holding onto power under an agreement that excludes a right-wing, anti-immigrant party.

Japan bars women from taking part in emperor’s throne handover

Japan bars women from taking part in emperor’s throne handover

The Model 3 assembly line, under a tent, at Tesla's factory in Fremont, Calif.

Tesla to cut 3,000 jobs in bid to sell Model 3 to mass market

The least-expensive version of the Model 3 now available costs $44,000. CEO Elon Musk said in a companywide e-mail that he wants the lowest-priced Model 3 to sell for $35,000.

Uber used surge pricing during storm last March, state agency rules. It’ll cost them $950,000

Despite the settlement with state officials, Uber defended its use of surge pricing but welcomed the agreement.


Drug maker payments to doctors are linked to higher opioid overdose deaths

In a county of 100,000 people, three additional payments to physicians were linked to 18 percent more prescription opioid deaths, according to the study.

Celgene is in the process of being acquired by Bristol-Myers Squibb in a blockbuster $74 billion deal.

Two local biotechs sign deals with New Jersey’s Celgene

Kyn Therapeutics and Obsidian Therapeutics are both focused on developing cancer treatments.

State Street launches more layoffs, estimated 1,500 jobs

It’s unclear how many will come from the ranks of the company’s Boston workforce.

FILE - In this Tuesday, May 20, 2008, file photo, John Bogle, founder of The Vanguard Group, talks during an interview with The Associated Press, in New York. Vanguard announced Wednesday, Jan. 16, 2019, that John C.


Jack Bogle: A painful thorn in Boston’s side

Bogle’s Vanguard Group undercut the very premise on which much of the city’s fund industry was built: that stock-pickers are worth the fees they charge investors for managing their money.

Stop & Shop wants to roll out the driverless stores this spring.

Your city street may soon turn into a grocery aisle

Stop & Shop said it will pack fresh grocery items into remote-controlled vans that will roll through Boston area streets this spring, but is it legal?

The sports book at Twin River Casino in Lincoln, R.I., opened in November.

Baker’s sports betting proposal goes outside traditional gambling industry

Governor Baker’s plan would allow companies to operate online sports betting without a financial relationship to an existing casino, opening the doors to many potential sports books.

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.