Archive for April 2020
Gov. Baker seeks $1.2B loan to pay jobless benefits
In the midst of five straight weeks of surging unemployment claims, Gov. Charlie Baker asked the federal government for a $1.2 billion loan to help Massachusetts meet unprecedented needs and ensure that people do not suffer through payless paydays. Read More
Read MorePPP rule change raises red flags by opening the door to a new borrower: Bank shareholders
The move comes before a second wave of funding is set to hit the coveted program. Read More
Read MoreDraftKings starts trading Friday
DraftKings Inc. is becoming a public company as part of a previously announced merger agreement. Read More
Read MoreManufacturers convened by Beth Israel on track to fix the nation’s swab shortage
Dr. Ramy Arnaout of Beth Israel Deaconess said that manufacturers in the group he helped convene will be making nearly a million nasopharyngeal swabs a day by next week, likely enough to address the testing shortage nationwide. Read More
Read MoreTop hospitals are facing a new supply shortage: scrubs
Hospitals throughout the state have been running short on masks and gowns. But two of the largest hospitals in Massachusetts now have another supply shortage — scrubs. Read More
Read MoreBill Gates calls fight against Covid-19 ‘defining moment of our lifetimes’
In an interview, Microsoft founder Bill Gates shared his thoughts on the pandemic and research efforts with the Puget Sound Business Journal, a sister outlet of the Boston Business Journal. Read More
Read MoreGot your PPP check? Congrats, now get ready for intense federal scrutiny
An unprecedented amount of money is being siphoned to businesses for one sole purpose: to keep workers off unemployment lines. Read More
Read MoreMass. unemployment claims declined last week, but remain near historic highs
Nationally, there were 4.4 million new unemployment claims last week, also a decrease from the previous week. Read More
Read MoreCambridge vaccine startup raises $120M as Covid-19 spotlights need
"The reality of Covid-19 pushed the need for vaccines to the forefront,” Affinivax CEO Steven Brugger told the Business Journal. Read More
Read MoreMass. colleges face a big question: Will international students come back?
One of Massachusetts’ proudest features is its many colleges, which rely heavily on tens of thousands of international students each year. But now, local college campuses are facing a possible decline in those numbers due to the coronavirus pandemic. Read More
Read More