The Latest in Financial & Business News

OxyContin pills arranged for a photo at a pharmacy, Feb. 19, 2013, in Montpelier, Vt.

OxyContin maker’s bankruptcy deal goes before the Supreme Court, with billions of dollars at stake

The Supreme Court on Monday is hearing arguments over a nationwide settlement with OxyContin maker Purdue Pharma that would shield members of the Sackler family who own the company from civil lawsuits over the toll of opioids.

Global warming could cost poor countries trillions. They’ve urged the COP28 climate summit to help.
The UN climate summit put its attention Monday on how developing countries could possibly pay trillions of dollars that experts say they will need to cope with global warming.

Harvard alumni rebuke its Israel response with mere $1 donations
Longtime volunteer fundraisers are pulling back. One alum is taking Harvard out of his will. Another is planning to give just $1, joining hundreds of other former students in a symbolic protest over their alma mater’s “failure of moral leadership.”

INNOVATOR Q&A
Many Americans ration insulin to save money. One nonprofit is trying to make the life-saving drug more affordable.
Eric Moyal is the founder and executive director of Project Insulin, a Providence-based nonprofit working to ensure that every American has access to affordable insulin.

Ukrainian diplomats negotiate both climate change and Russia’s war on their nation at COP28 in Dubai
While Ukrainian diplomats take part in negotiations at the United Nations COP28 climate talks, Russia’s war on the country lurks just in the background.

Economists predict US inflation will keep cooling and the economy can avoid a recession
A survey shows most business economists think the US economy could avoid a recession next year, even if the job market ends up weakening under pressure brought by high interest rates.

With funding challenges looming, Mass. child care could be in jeopardy

A key goal for CVS is turning its thousands of stores into community clinics where pharmacists, doctors, and nurses work together to improve patient health.

CVS pharmacists are at a breaking point, imperiling company’s reinvention plans

People walked in downtown Plymouth on Nov. 3.

More than a rock and the Mayflower, downtown Plymouth aims high

Gen Z in Boston

In Chapter One of BoZton, we’ll touch on the burdens of soaring rent, the scramble to find an apartment, and the elusive dream of homeownership as it pertains to young people of the city.

Introducing BoZton, a video series for The Hub's 20-somethings

In Chapter One, we break down the burdens of housing for the city's Gen Z population.

Watch the trailer Boston thrives off the dreams of young people. But can they make it here?

tech power players 50

Introducing the Tech Power Players 50 list of 2023

Our second annual ranking spotlights leaders keeping New England’s technology scene vibrant in a challenging climate.

See who ranked No. 1Explore the full project

BOLD TYPES

Trustees of Reservations president and CEO Katie Theoharides.

Trustees CEO Katie Theoharides talks climate change

Globe reporter Janelle Nanos sits down with leaders in the city’s business community to talk career paths, accomplishments, and visions for Boston’s future.

Explore the full series

ON THE STREET

A heart sculpture on display near Framingham's downtown, with "welcome" written in a variety of languages.

Framingham is reinventing itself. Again.

The On the Street series looks at the past, present, and future of neighborhoods in Greater Boston.

Framingham’s public schools offer a pipeline for inclusionExplore the full series

See the Tech Unicorn Tracker

The Boston Globe's tech unicorn tracker lists startups headquartered in Massachusetts that have a valuation of at least $500 million.

Tech Power Players 50 nominations for 2024 now open

Tell us who should be on our list of the most influential and interesting people on the Massachusetts technology scene.

Listen to Globe Opinion's new podcast, ‘Say More with Shirley Leung’

Congress Street in Boston's Financial District on July 29, 2020.

Sign up for Trendlines, the business newsletter from Larry Edelman

FROM OUR PARTNERS

product by Studio/B. What is this?This content was produced by Boston Globe Media's Studio/B in collaboration with the advertiser. The news and editorial departments of the Boston Globe had no role in its production or display.

product by BG BRANDLAB. What is this?This content was produced by Boston Globe Media's Studio/B in collaboration with the advertiser. The news and editorial departments of the Boston Globe had no role in its production or display.

More business headlines

The iRobot headquarters in Bedford. For the nine months ended Sept. 30, iRobot’s revenues fell 29 percent from the same period last year.

For iRobot and Amazon, European antitrust roadblock is just one hurdle

Amazon agreed to acquire the Bedford-based home robotics company 16 months ago, but the deal is still pending. What gives? 8:21 p.m.

A sign for AI was displayed last week ahead of the COP28 UN Climate Summit in Dubai, United Arab Emirates.

The climate summit embraces AI, with reservations

Some participants have voiced worries about AI’s potential to devour energy, and harm humans and the planet. 8:02 p.m.

Triple-deckers, like this one in Dorchester, are some of Greater Boston's last remaining affordable housing and are being snapped up at high rates by investors, pushing up rent and property prices, a new report by the Metropolitan Area Planning Council found.

Investors snagged 1 in 5 homes for sale in Greater Boston, worsening housing crisis, report finds

In recent years, smaller local operators scooped up two-families and triple-deckers, driving up the cost of once relatively affordable housing. 6:50 p.m.

Therapist Norma Kawatta, seen on screen, talked to Paris Carroll, vice president of mental health clinical services for Hazel Health, as the pair demonstrate how the company's telehealth therapy service works for Miami-Dade County public school students in Florida last month.

Lacking counselors, US schools turn to the booming business of online therapy

School officials, struggling with staffing issues and rising concerns about student mental health, have increasingly turned to telehealth therapy. 4:22 p.m.

Alaska Airlines planes are shown parked at gates with Mount Rainier in the background at sunrise, March 1, 2021, at Seattle-Tacoma International Airport in Seattle.

Alaska Air to buy Hawaiian Airlines in a $1.9 billion deal with debt

Alaska Air Group has agreed to buy Hawaiian Airlines in a $1.9 billion deal including debt. 4:03 p.m.

Gene Simmons of Kiss performs during the final night of the "Kiss Farewell Tour" on Dec. 2 at Madison Square Garden in New York.

Kiss say farewell to live touring, become first US band to go virtual and become digital avatars

On Saturday night, Kiss closed out the final performance of their “The End of the Road” farewell tour at New York City’s famed Madison Square Garden. 12:41 a.m.

shirley leung

Jack Koutoujian took off his coat and laid it on his bed inside his room at 140 Clarendon. Koutoujian had been homeless for about 15 years.

A miracle on Clarendon Street: How a Back Bay building became apartments for homeless people

Projects like these typically take years to pull together, but this one took just a little over a year from the filing of its plan to the start of renovations. 5:00 p.m.

Rahman Oladigbolu, a filmmaker in Brockton with sickle cell disease, is among local patients interested in Casgevy, a gene-editing treatment expected to be approved by the Food and Drug Administration for people with severe cases of the disease.

FDA poised to approve first gene-editing therapy, made by local drug firms

The life-changing drug, developed by Boston-based Vertex and its Swiss partner CRISPR Therapeutics, targets sickle cell disease, an inherited blood disorder that causes crippling pain. 2:30 p.m.

ExxonMobil's refinery in Baytown, Texas, last February.

Surging US oil production brings down prices and raises climate fears

American oil fields are gushing again, helping to drive down fuel prices but also threatening to undercut efforts to reduce greenhouse gas emissions. 1:41 p.m.

Migrants set up cots in the Chicago City Life Center on Wednesday. The community center and church welcomed about 40 migrants who were previously living at police stations and airports.

Chicago and other northern US cities scramble to house migrants with coldest weather just ahead

Chicago is scrambling to house hundreds of asylum-seekers who are still sheltering on sidewalks, at police stations and at the city’s busiest airport as the cold weather sets in and with winter just around the corner 1:37 p.m.

A plane passed over Interstate 5 on a routine approach to San Diego International Airport last month.

Drunk and asleep on the job: Air traffic controllers pushed to the brink

In the past two years, air traffic controllers and others have submitted hundreds of complaints to a Federal Aviation Administration hotline describing issues like dangerous staffing shortages, mental health problems, and deteriorating buildings, some infested by bugs and black mold. 1:27 p.m.

A coal-fired power plant in the Red Desert, in the south-central part of Wyoming on Dec. 15, 2014.

US joins in other nations in swearing off coal power to clean the climate

The United States is now committed to the idea of phasing out coal power plants, joining 56 other nations in kicking the coal habit. 6:16 a.m.

Environmental Protection Agency Administrator Michael Regan appears before the House Committee on Science, Space, and Technology on Capitol Hill, Sept. 27, in Washington.

Biden rule aims to reduce methane emissions, targeting US oil and gas industry for global warming

The Biden administration on Saturday issued a final rule aimed at reducing methane emissions, targeting the US oil and natural gas industry for its role in global warming as President Biden seeks to advance his climate legacy. 4:18 a.m.

Broadcom is making changes after closing its VMware deal.

Broadcom closes downtown Boston office, cutting 150 jobs

The move is as part of a much broader cost-cutting effort following the completion Broadcom's VMware acquisition last week. 5:22 p.m.

A worker at the Ford F-150 Lightning plant in Dearborn, Mich., on April 4, 2022. New government rules will try to shift more production of electric vehicle batteries and the materials that power them to the United States.

US to limit China’s ability to benefit from electric vehicle industry

The Biden administration proposed new rules Friday aimed at shifting more production of electric vehicle batteries and the materials that power them to the United States, in an attempt to build up a strategic industry now dominated by China. 4:17 p.m.

Chris Dagesse, president of DCD Automotive Holdings, is dropping the Boch name from eight dealerships, including this one in Norwood.

DCD Automotive drops the famed Boch name from eight dealerships

Affected dealerships include the Boch Honda and Boch Toyota stores on the “Automile” stretch of Route 1 in Norwood. 2:10 p.m.