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Axios agrees to sell itself to Cox Enterprises for $525m

The deal, which is set to close this month, values Axios at $525 million, according to two people with knowledge of the deal.

SoftBank reports $23 billion loss as tech investments plummet

The Japanese conglomerate SoftBank reported Monday its largest quarterly loss, $23.4 billion, driven by poor performance of its flagship tech investments and a weak yen.

Karuna’s experimental schizophrenia drug succeeds in advanced study

If approved by the FDA, the Boston biotech’s medicine would be the first new type of treatment for the disease in decades.

POLITICAL NOTEBOOK

Layoffs after Envision Bank acquisition

Stories you may have missed from the world of business.

Shirley Leung

A hot real estate market, a labor shortage, and a state budget surplus. It’s 1986 all over again.

Taxpayer refunds also came into play decades ago, after voters passed a law capping how much money could flow into state coffers.

Developer proposes apartments on site previously eyed for Roxbury Prep

The school project was scrapped earlier this year. Now, it may be replaced by a five-story, 124-unit residential building at 361 Belgrade Ave., on the Roslindale-West Roxbury border.

FOOD

With record-breaking temperatures on Boston’s patios, are restaurant owners breaking a sweat?

Outdoor dining has been a salvation for restaurants courting germ-sensitive diners. But what happens when it’s 100 degrees outside? You'd be surprised.

Amid struggles, DataRobot is cutting more staff

The company declined to disclose how many jobs would be eliminated in the layoff. In May, DataRobot cut 7 percent of its roughly 1,000-person workforce.