More business headlines
Yemen’s rebels target Singapore-flagged ship in Gulf of Aden as US and allies down Houthi drones
An attack by Yemen’s Houthi rebels set off explosions ahead of a Singapore-flagged vessel in the Gulf of Aden, authorities said, the latest in a campaign of assaults by the Iranian-backed group over Israel’s war on Hamas in the Gaza Strip.
A bill that could lead to a nation-wide TikTok ban is gaining momentum. Here’s what to know.
On Thursday, a House panel unanimously approved a bipartisan bill that would require the Chinese firm to divest TikTok and other applications it owns within six months of the bill’s enactment in order to avoid a nation-wide ban.
A running list of layoffs in the Boston-area tech sector
Dozens of companies have reduced their workforces, ranging from the regional offices of the tech giants to startups that have only been in a business a few years.
North End restaurants go another round in their bout with Wu over outdoor dining
Aggrieved restauranteurs slammed the mayor for playing "political bingo" and doubled down on claims of discrimination and lack of transparency.
Rupert Murdoch is engaged again
The 92-year-old media titan is once again engaged — this time to retired scientist Elena Zhukova.
FDA will take a deeper look into the safety and effectiveness of Lilly experimental Alzheimer’s drug
Lilly had expected the Food and Drug Administration to decide on donanemab’s approval by the end of the month. But the drugmaker said Friday that the agency now wants more information about its safety and effectiveness.
Southcoast Health emerges as possible buyer for Steward’s Fall River hospital
Southcoast, a nonprofit system, already operates three hospitals in Massachusetts, including Charlton Memorial in Fall River.
This Cape Cod golf course was going to be 300-plus apartments. Now, it’s set to be a private school.
The project ignited a contentious debate that pitted housing advocates and environmental interests against each other, and framed a broader conversation about the future of the Cape.
Senators demand answers from Steward Health Care and its CEO
The information could reveal whether Steward has violated securities laws and whether its executives have violated their fiduciary duties, Senators Elizabeth Warren and Edward Markey said.
US employers add a surprisingly strong 275,000 jobs in sign of continued economic strength
Friday’s government report reflected the job market’s sustained ability to withstand the 11 rate hikes the Federal Reserve imposed to fight inflation, which made borrowing much costlier for households and businesses.
In setback for ALS patients, Cambridge biotech’s drug fails clinical trial, could be withdrawn from market
The drug, called Relyvrio, was approved in September 2022 even though an advisory panel to the FDA cited weak scientific evidence in its recommendation that the agency reject it.
The brewer behind Sam Adams has long kept former employees on a tight leash. Now some are suing to break free.
Boston Beer Co. requires workers to sign noncompete agreements, which former employees say stifle their ability to make a living.
Spate of mock news sites with Russian ties pop up in US
The websites are meant to mimic actual news organizations to push Kremlin propaganda by interspersing it among an at-times odd mix of stories about crime, politics, and culture.
TALKING POINTS
Parent of Avangrid wants to own all of it
Stories you may have missed from the world of business.
Boston Scientific likely faces FTC scrutiny on $3.7 billion Axonics deal
The deal would give the Massachusetts-based firm — whose urology business brought in $1.96 billion in 2023 — the two leading treatments for stress urinary incontinence in women.
GE Aerospace sets tone with post-breakup profit goal, dividend
Operating earnings at GE Aerospace are forecast to reach $10 billion by 2028, the company said Thursday in a statement, up from a maximum of $6.5 billion expected this year.
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