Archive for August 2023
Five things: CFOs moment, Greentown’s new CEO, a Bain investment and a canine concierge
Good morning, and happy National Fajita Day. Here are the five things you need to know in Boston business news to start your Friday, from Biogen’s layoffs to Greentown Labs’ new CEO, plus a hotel’s canine concierge. Read More
Read MoreFather-son duo bridge a generational divide to keep their Newbury Street watch business growing
The father and son running Newbury Street’s European Watch Co. don’t always see eye-to-eye on how the retailer should operate in its second generation, but they’ve keep business booming. Read More
Read MoreBiogen’s 1,000-person layoff begins in Cambridge
Cambridge-based Biogen (Nasdaq: BIIB) employees began posting about the changes on LinkedIn on Thursday. Some offered help to departing colleagues, while others announced that they were open to work. Read More
Read MoreCVS stock slides after Calif. insurer drops Caremark PBM
Blue Shield of California is dropping CVS’s Caremark pharmacy-benefits manager to work with Amazon and Mark Cuban’s Cost Drugs Plus, a move the insurer says could save up to $500 million in costs annually. Read More
Read MoreSmall-business lending deteriorates as large banks face squeeze
Banks are pulling back on lending as small businesses go elsewhere. Read More
Read MoreBain backs Newton biotech in $155M fundraise
In a tough funding market for young biotechs, a Newton company just raised a $155 million round led by Bain Capital Life Sciences and Redmile Group. Read More
Read MoreCooley team moves to Foley Hoag, attracted by DEI commitments
Boston-based law firm Foley Hoag LLP has scooped up a team from Cooley LLP to enhance its life sciences and IP practices. The team is led by Amy Baker Mandragouras, who joins the firm as a partner. Read More
Read MoreEditorial: Faster action, less red tape needed for cannabis equity
The state’s intention to create a more equitable cannabis industry here isn’t working out as intended. It’s time to remove the red tape that’s holding back equity applicants. Read More
Read MoreT woes, remote work spell opportunity for suburban chambers of commerce
Between the MBTA’s woes and remote and hybrid work policies, suburban chambers of commerce see a unique opportunity to draw new businesses and employees. Read More
Read MoreSamuel Adams, Accion Opportunity Fund reaches $100 million in small-business loans
A partnership between Boston Beer, maker of Samuel Adams, and a national nonprofit has given out $100 million in loans to thousands of small businesses across the country. Read More
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