The Latest in Financial & Business News

The government says Kaspersky’s Russian connections mean the company poses an “undue or unacceptable risk to US national security or the safety and security.”

Cybersecurity firm Kaspersky denies it’s a hazard after the US Commerce Dept bans its software

The Moscow-based company said in a statement that the Commerce Department's decision would not affect its ability to sell and promote its cyber security products and training in the US.

Gene therapy may cure rare diseases. But drugmakers have few incentives, leaving families desperate.
The promise of gene therapy looms large for families dealing with rare, genetic disorders.

On wealthy Martha’s Vineyard, costly housing is forcing workers out and threatening public safety
A new report lays out in stark terms just how many low- and middle-income folks are being forced to move away from Martha's Vineyard as its popularity with wealthy vacationers soars, causing the year-round population of 20,000 to swell up to tenfold over summer.

RI BUSINESS
R.I. attorney general approves sale of 2 safety-net hospitals with strict ‘non-negotiable’ conditions
Roger Williams Medical Center and Our Lady of Fatima Hospital will revert back to non-profit status if the transacting parties can agree to comply with the attorney general’s conditions.

Top Boston liquor lawyer fired for allegedly falsifying a license
The former general counsel of the Licensing Board was fired by her firm last month for allegedly giving out a bogus permit.

Sarepta jumps on broad approval for muscular dystrophy drug
Sarepta's gene therapy received expanded US approval to include more children with a deadly muscle disease.

At least nine GBH executives had salaries of over $300,000 last year. Reeling from layoffs, employees have questions.

Owners Shawn Ward and Matt Kelcourse at their new EV fast-charging station in Weymouth, which uses a bank of lithium-ion batteries to charge vehicles at high speed without needing a high-voltage connection to the electrical grid.

A new EV charging station in Weymouth found a hack around a two-year backlog

Cobi Frongillo is a 25-year-old town council member in Franklin who lives in a cottage in his parents' backyard — the only way he can afford to live in the suburban town, he says.

The YIMBYs are coming, to the suburbs

tech power players 50

Tech Power Players 50 list of 2024

Our third annual ranking highlights leaders who make New England’s technology scene vibrant and vital.

See who ranked No. 1Explore the full project

Gen Z in Boston

In Chapter One of BoZton, we’ll touch on the burdens of soaring rent, the scramble to find an apartment, and the elusive dream of homeownership as it pertains to young people of the city.

BoZton, a video series for The Hub's Gen Zers

In Chapter One, we break down the burdens of housing for the city's Gen Z population.

Watch the trailer Can young people make it in Boston?

BOLD TYPES

Emily Knight, president of The Engine Accelerator, a “tough tech” incubator in Kendall Square.

Emily Knight talks 'tough tech'

Globe reporter Janelle Nanos sits down with leaders in the city’s business community to talk career paths, accomplishments, and visions for Boston’s future.

Explore the full series

no stupid questions

Introducing No Stupid Questions

A series of how-to guides — from traffic to taxes — for navigating adult life in Boston.

New to the city? Here’s the best advice our readers have to share.

Listen to Globe Opinion's new podcast, ‘Say More with Shirley Leung’

Congress Street in Boston's Financial District on July 29, 2020.

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More business headlines

From left, family members of plane crash victims attended a Senate hearing Tuesday in Washington: Catherine Berthet held a picture of her daughter Camille Geoffroy, 24, of France; Zipporah Kuria held a picture of her father, Joseph Kuria Waithaka, 55, of the United Kingdom; and Adnaan Stumo held a picture of his sister Samya Rose Stumo, 24.

737 Max crash victims’ families seek $25 billion Boeing fine

That amount is “legally justified and clearly appropriate,” Paul Cassell, an attorney who represents 15 victims’ families, said in a letter sent to the DOJ on Wednesday. 7:10 p.m.

Jeep vehicles were delivered to a dealership on Thursday in Chicago.

Car dealers across US are crippled by a second cyberattack

On what otherwise would have been a busy US holiday for business, dealers reliant on CDK Global were unable to use its systems to complete transactions, access customer records, schedule appointments, or handle car-repair orders. 5:59 p.m.

Vertex Pharmaceuticals, headquartered in Boston, reached a pricing deal with the National Health Service in England for cystic fibrosis drugs.

Vertex reaches pricing deal with NHS for cystic fibrosis drugs

England’s drug pricing regulator recommended the three drugs for patients with cystic fibrosis who have certain gene mutations in its final draft guidance Thursday. 5:45 p.m.

Ginkgo scientists sequencing biological material at their office in the Seaport district.

Ginkgo Bioworks lays off 158 employees, with more to come

The once-fast-growing life sciences firm is slashing expenses amid financial woes. 5:33 p.m.

TALKING POINTS

Davey to start at Massport in August

Stories you may have missed from the world of business. 4:03 p.m.

A new Stop & Shop is opening in Allston Yards.

Stop & Shop celebrates grand opening at Allston Yards development project

The new supermarket is central to the 1.2 million-square-foot campus on the edge of the Massachusetts Turnpike. 3:24 p.m.

The WHOOP sign in Kenmore Square (top left). The Wayfair office location on Boylston Street (top center). The lobby of the DraftKings Back Bay offices (top right). DataRobot's office in downtown Boston (bottom left). Cambridge software company HubSpot at the Boston Convention and Exhibition Center (bottom center). A 3-D printer at the Desktop Metal headquarters in Burlington (bottom right). All of these Boston-area tech companies have conducted layoffs in the last six months.

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. 1:19 p.m.

Boats rest in the harbor on Nantucket on Nov. 17, 2021.

This Nantucket rental costs $100,000 a week. Yes, really.

The property comprises a six-bedroom main house and a two-bedroom guest cottage, a pool, private beach stairs, and an outdoor kitchen. 12:27 p.m.

Supreme Court upholds Trump-era tax on foreign income

The justices left in place a provision of a 2017 tax law that is expected to generate $340 billion, mainly from the foreign subsidiaries of domestic corporations. It was challenged by business and anti-regulatory interests. 10:14 a.m.

Larry Edelman | Trendlines

Too quiet: Foot traffic in downtown Boston is off 50 percent in each of the past three years.

Boston, we have a property tax problem

Fiscal progressives should forget the fanciful notion that the city’s many strengths ensure it will remain competitive despite falling commercial property values. 9:50 a.m.

A hiring sign at a restaurant in Wheeling, Ill., on May 16.

US jobless claims fall to 238,000 from 10-month high, remain low by historical standards

Massachusetts reported 5,183 “advance” initial claims for unemployment insurance last week. 9:24 a.m.

RI BUSINESS

Rhode Island Hospital in Providence, which is owned by Lifespan.

Lifespan, R.I.’s largest health care system, to become Brown University Health. The deal includes millions in investments.

The rebranding will take place over the next several months, according to executives at both institutions. 9:00 a.m.

Mary Nelson, a living history guide, carried a parasol while giving a tour of the Freedom Trail as "Mrs. Dorothy Hancock." Boston tour guides are working through extreme heat while in costume.

Boston’s reenactors eschew comfort for authenticity in heat wave

Despite searing-high temperatures in the Boston area, living history guides on the Freedom Trail are staying in costume — more for their audience's comfort than their own. 6:09 a.m.

PODCAST | SAY MORE WITH SHIRLEY LEUNG

LOS ANGELES, CALIFORNIA - NOVEMBER 02: Krista Tippett speaks onstage during day one of CareFest at UCLA Meyer and Renee Luskin Conference Center on November 02, 2023 in Los Angeles, California. (Photo by Phillip Faraone/Getty Images for Caring Across Generations)

Krista Tippett says burnout is a spiritual issue. The solution? Getting quiet.

The host of the popular “On Being” podcast has tips for cultivating silence in our noisy, modern life. 3:00 a.m.