Donald Trump’s targeting of overseas jobs alarms drug makers

Many pharmaceutical ingredients sold in the US are made abroad, and Trump has made it clear that he’s no fan of outsourcing production.

Lynette Carrier (left) and Debbie Williams shopped at Marden’s Surplus & Salvage Store in Scarborough, Maine.

That ugly sweater you returned? It might not go where you think

A growing number of companies are now using online auctions sites to help unload all those returns.

Hydrocodone, a painkiller.

A new initiative targets children of opioid addicts

A program is launching in Massachusetts specifically aimed at newborns, infants, and toddlers with opioid-addicted parents.

Former New York City Mayor Michael Bloomberg’s center at Cornell University on Roosevelt Isalnd could rival the Massachusetts Institute of Technology.

Mass. and N.Y.’s rivalry has extended to biotech

New York is a powerhouse in everything from sport to finance, and is now turning its attention to biotech.

Latest Business headlines

Local biotech stands out in down year for venture investment

Health care investments in New England bucked a national trend of declining totals for private companies in 2016, illustrating the biotech and pharmaceutical industries’ yearslong bull run in the Boston area.

Insurers press case for fix to hospital cost variations

Experts say new rules are needed to narrow the gap in prices charged by hospitals for the same services.

Consumer Reports | Product Review

Compact washers, dryers come with trade-offs

You might imagine reduced size would translate into lower sticker prices. Not so here.

Five things you should know about Tom Leighton

His Akamai Technologies could make a run at the title of the Boston area’s biggest independent tech company.

Takata agrees to guilty plea, will pay $1B for hiding defect

Takata inflators can explode with too much force, spewing shrapnel into drivers and passengers. At least 11 people have been killed in the US and 16 worldwide because of the defect.


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Life sciences

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// Innovation Capital: An Examination of the Boston region’s future in the global economy

Presented by Rockland Trust, Innovation Capital is an examination of the Boston region’s future in the global economy.

More Business headlines

Job Doc

Manager can’t discriminate in hiring

It is illegal to make employment decisions, including hiring, based on the applicant or employee’s “protected class or characteristic.”

Consumer Alert

Coupons, franchises don’t always mix

Franchises are independent businesses allowed to make their own choices about marketing and whether to participate in promotions.

Kim Gainsboro (left), with Treasurer Deborah Goldberg, will leave her post next week to take a job in banking.

ABCC leader stepping down on eve of reform launch

Kim Gainsboro made the Alcoholic Beverages Control Commission more business-friendly, but also figured in several controversies.

Fidelity funds high on hot startups

A paper cowritten by Harvard Business School professor Josh Lerner says the mutual fund firm has been most active nationwide in so-called unicorn deals.

Allergan is one of three major companies that have said they will limit 2017 drug price increases to under 10 percent.

Mass. biotechs won’t commit to drug price cap

Three big drug companies not based here have pledged to hold increases to below 10 percent in 2017, but local companies have declined to make a similar pledge.

Students of for-profit ‘career school’ get $30m in debt relief

Officials said the American Career Institute peddled worthless degrees while raking in federal loans.

A federal grand jury in Detroit has indicted three former employees of Takata Corp., charging them with concealing deadly defects in the company’s automotive air bag inflators.

Takata agrees to guilty plea, will pay $1b for hiding air bag defect

The Japanese company will pay restitution for a years-long scheme to conceal a deadly defect in its automotive air bag inflators.

Google highlights image of ‘Fallout 4’ to represent Suffolk County

While Suffolk County isn’t terribly green in the winter, Google seems to think it’s positively apocalyptic.

Friday’s business agenda

Networking, workshops, and more notable events and things to know.

Japan’s automotive safety product company Takata Corporation faces recall costs, compensation, and penalties.

Takata said nearing $1 billion settlement with US over airbags

The deal may be announced as soon as Friday and would include a fine as large as $1 billion and possible criminal charges, people with knowledge of the matter said.

Financial companies lead stocks lower

Banks led US stocks lower, wiping out much of the market’s gains a day earlier.

Officials from Deloitte were called to testify before the Massachusetts state Legislature in 2014 after technical failures on more than $100 million worth of contracts.

Deloitte again in cross fire, this time in R.I.

The state’s governor said she is withholding nearly $15 million in payments to Deloitte as the state reviews the vendor’s work .

The EPA says Fiat Chrysler used secret software that resulted in excess nitrogen oxides emissions from its diesel vehicles including 2014-2016 Jeep Grand Cherokees and Dodge Ram 1500 trucks.

EPA accuses Fiat Chrysler of secretly exceeding emissions standards

The Environmental Protection Agency on Thursday accused Fiat Chrysler of using secret software that allowed illegal excess emissions from at least 104,000 diesel vehicles.

Police barrier tape blocks two major streets in the financial district due to the threat of falling glass from the Trump International Hotel & Tower in Toronto, Canada March 7, 2014. REUTERS/Chris Helgren/File Photo

After years of problems, the Trump hotel in Toronto is put up for sale

The 65-story property in Toronto’s financial district is being offered at a minimum price of $225 million US dollars.

A prototype of the CannaKorp marijuana vaporizer.

Pot-vaporizer maker lands $4.1m investment

Another $4.1 million has been poured into CannaKorp, a startup developing marijuana vaporizers reminiscent of Keurig coffee machines.

FILE - JANUARY 12:, the world's largest online retailer, said it will add 100,000 full-time U.S. employees over the next 18 months. TRACY, CA - JANUARY 20: Boxes move along a conveyor belt at an Amazon fulfillment center on January 20, 2015 in Tracy, California. Amazon officially opened its new 1.2 million square foot fulfillment center in Tracy, California that employs more than 1,500 full time workers as well as 3,000 Kiva robots that can fetch merchandise for workers and are capable of lifting up to 750 pounds. Amazon is currently using 15,000 of the robots spread over 10 fulfillment centers across the country. (Photo by Justin Sullivan/Getty Images)

Amazon on the hunt for Boston offices

The tech and retail giant is looking to lease 100,000 to 200,000 square feet of office space in downtown Boston.

Another Jamaica Plain apartment complex moves forward

The Boston Planning & Development Agency approved the Residences at Forest Hills, which would put 250 units in three buildings on the site of a commuter parking lot.

Maria Ribeiro of Brockton got help with her MassHealth application from Simao Mendes, who works at the Brockton Neighborhood Health Center.

Evan Horowitz | Quick Study

Bay Staters flocking to Medicaid

An average of 6,000 new people have signed up for MassHealth, the state’s Medicaid program, every month since mid-2015.

Conservation Law Foundation fires again at controversial Seaport condo tower

One of the state’s top environmental advocates is asking state officials to reconsider their recent decision to bless a controversial condo tower in the Seaport District.

(FILES) This file photo taken on March 11, 2015 shows people walking past the New York Stock Exchange (NYSE) building in New York. Wall Street opened lower on January 12, 2017 but the Dow Jones Industrial Average remained within shouting distance of the 20,000 mark as investors awaited Friday earnings reports from major US banks. US stocks have held on to gains in their post-election rally but seem to be taking a breather in advance of next week's inauguration of President-elect Donald Trump. Investors have been exuberant recently in hopes of economic stimulus by Trump, including tax cuts and infrastructure spending. / AFP PHOTO / JEWEL SAMADJEWEL SAMAD/AFP/Getty Images

SEC says it will focus on money market funds, exploitation of older investors

The Wall Street watchdog agency details 2017 priorities just before White set to leave as chair.

Massachusetts Governor Charlie Baker estimates a tax on some people who rent out homes through Airbnb would generate $12 million.

Baker revives Airbnb rental tax proposal

Governor Charlie Baker had previously opposed such an assessment, but Airbnb has repeatedly lobbied for hotel taxes on its heaviest users.

A less than enthusiastic Anthony Wyzanski, 6, got a haircut from Mike Moriello at George's Barber Shop in Saugus.


What’s it like to work in ‘America’s Oldest Barber Shop’?

More than a century old, George’s Barber Shop is a Saugus institution.

(FILES) This file photo taken on April 19, 2015 shows the Fiat Chrysler Automobiles (FCA) logo at the entrance of the headquarters in Turin. Shares in Fiat Chrysler Automobiles were suspended on the Milan Stock Exchange on January 12, 2017 after plunging more than 16 percent on reports that it will be investigated for using emissions-cheating software in some of its models in the United States. / AFP PHOTO / GIUSEPPE CACACEGIUSEPPE CACACE/AFP/Getty Images

Another automaker faces accusations of cheating emissions tests

The US is accusing Fiat Chrysler of failing to disclose software in some of its pickups and SUVs with diesel engines that allows them to emit more pollution than allowed.

SAN FRANCISCO, CA - JUNE 15: A pedestrian walks by a CVS store on June 15, 2015 in San Francisco, California. CVS Health announced that it has agreed to acquire Target's pharmacy and clinic businesses for an estimated $1.9 billion. (Photo by Justin Sullivan/Getty Images)


CVS slashes price of substitute EpiPen auto-injectors to $109.99

The new price is about the same as what customers were paying for the brand-name drug eight years ago.

20090605 Freeport, Maine Photo by : Linda Bean of Port Clyde, Maine poses with one of her

Beans, boots, Trump, and tweets

“Thank you to Linda Bean of L.L.Bean for your great support and courage. . . . Buy L.L.Bean,” Donald Trump said.

Massport objects to height of Winthrop Square skyscraper

A tower that tall, a Massachusetts Port Authority official wrote, would interfere with operations at Logan Airport.

President-elect Donald Trump.


Will Trump hit the pause button on progress in tech?

There’s reason to worry that the incoming administration might not appreciate some types of innovation.

LAS VEGAS, NV - JANUARY 04: LG Electronics USA Vice President of Marketing David VanderWaal (L) and Amazon Vice President of Alexa, Echo and Appstore Mike George display the LG Smart InstaView Door-in-Door refrigerator during a LG press event for CES 2017 at the Mandalay Bay Convention Center on January 4, 2017 in Las Vegas, Nevada. CES, the world's largest annual consumer technology trade show, runs from January 5-8 and is expected to feature 3,800 exhibitors showing off their latest products and services to more than 165,000 attendees. (Photo by David Becker/Getty Images)

hiawatha bray | TECH LAB

Do Alexa and other such devices mean the end of privacy?

A growing number of devices in our homes, cars and elsewhere are designed to keep tabs on us.

United’s largest plane, the 747, will be retired in 2017.

United’s 747 retirement plan marks end for iconic jumbo in US

United Airlines plans to fly its last Boeing Co. 747 jumbo jet late this year, retiring its largest airplanes a year ahead of schedule as the iconic aircraft glides into the sunset.

President Barack Obama speaks during his farewell address at McCormick Place in Chicago, Tuesday, Jan. 10, 2017. (AP Photo/Pablo Martinez Monsivais)

Obama plan to overhaul coal leases could restrict Trump

About 40 percent of US coal now comes from federal land, much of it from the Powder River Basin in Wyoming and Montana.

FILE - In this Feb. 28, 2012 file photo a bag of fries is handed to a customer through the drive through window at a Wendy's restaurant in Falmouth, Maine. The Wendy’s Co. says Thursday, Aug. 9, 2012 that it lost money in the second quarter because of costs to refinance debt. But a key sales figure rose as it worked to reinvent itself as a higher-end hamburger chain. The Dublin, Ohio-based fast-food company says sales at restaurants open at least 15 months rose 3.2 percent for the quarter. (AP Photo/Pat Wellenbach, File)

Fast-food workers are in short supply

In today’s tight labor market, restaurants are embroiled in a full-on food fight over workers.

Bold Types

The ‘New Vault’ looks for a new chief

The change of leadership comes as Dan O’Connell prepares to leave the Massachusetts Competitive Partnership, the Boston-based group of high-powered CEOs.

Six indicted as US, Volkswagen settle emissions-rigging case

‘‘Volkswagen obfuscated, they denied, and they ultimately lied,’’ Attorney General Loretta Lynch said.

National Cancer Institute and drug companies aim to speed up clinical trials

The National Cancer Institute launched an effort Wednesday to speed up clinical trials by getting researchers quicker access to the drugs they want to test.

Facebook CEO and chairman Mark Zuckerberg

Facebook, nodding to its role in media, starts a journalism project

Facebook is taking more responsibility for the millions of stories that flow through its site.

Thursday’s business agenda

Economic data, panels, are more notable events and things to know.

Energy stocks lead market higher

The Nasdaq had its fifth record-high close in a row.

President-elect Donald Trump talked to his daughter, Ivanka, during a press conference on Wednesday.

Ivanka Trump to step away from businesses

Ivanka Trump says she’ll step aside from her executive roles at the Trump Organization and her lifestyle brand, but is confident both will continue to ‘‘thrive.’’

President-elect Donald Trump speaks during a news conference, Wednesday, Jan. 11, 2017, in New York. The news conference was his first as President-elect. (AP Photo/Seth Wenig)


Trump says drug companies are ‘getting away with murder’ on prices

Pharmaceutical stocks fell as the president-elect pledged to change the way the federal government purchases prescription drugs.

A Verizon service technician checked a cable as he connected it to the Verizon FiOS fiber network.

Talking Points: RCN’s expansion plans, Trump won’t give up his businesses, and more

Cable competition is heating up, what time is it in Massachusetts, and Trump means business.

People protest demanding the resignation of President Enrique Pena Nieto, after he did not signal any backpedaling on the government's unpopular decision to increase gasoline prices by up to 20.1 percent in Mexico City on January 9, 2017. Violent demonstrations and looting in Mexico over the sharp increase in gasoline prices left three people dead and more than 1,500 under arrest, the government said Friday, while giving assurances that gas stations are operating almost normally again. / AFP PHOTO / Ronaldo SCHEMIDTRONALDO SCHEMIDT/AFP/Getty Images

Mexican drivers flood into Calif. to buy cheaper gasoline

Mexico’s fuel market liberalization has made California’s pump prices look cheap.

Tech Lab by Hiawatha Bray


Bray writes about technology for the Business section. His Tech Lab column appears on Thursdays.

Shirley Leung


Leung writes a business column every Wednesday and Friday. Previously she served six years as the business editor overseeing daily and Sunday coverage.

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.