Boston Fed president tells Trump to back off. Politely, of course

Eric Rosengren used a speech in New York to make the case for an independent Federal Reserve.

British firm’s plans to build private dorms in Boston hit a snag

City planners aren’t keen on Scape’s student-only housing model.

A model of the moon hovers over an exhibit on the Apollo 11 mission at Draper Laboratory in Cambridge.

Draper dusts off treasures of the Apollo era

A new exhibit shines a light on the Cambridge company’s crucial role in putting men on the moon.

Specialist Gennaro Saporito, left, and trader Robert Moran work on the floor of the New York Stock Exchange, Thursday, July 18, 2019. U.S. stocks moved lower in early trading on Wall Street Thursday after Netflix reported a slump in new subscribers and dragged down communications companies. (AP Photo/Richard Drew)


Trade issues prompt local manufacturers to paint a gloomy picture

Manufacturers are not pleased with this country’s trade policy, and many are lowering their outlooks for the year as a result.

Latest Business headlines

Activists pledging to organize a boycott of Wayfair

The activists have organized a petition signed by several hundred customers pledging a boycott in a show of support for Wayfair employees who had staged their own protest in June.

Trump says debt limit talks in ‘good shape’ after Pelosi rebuff

Staff-level talks are likely to continue through next week, but lawmakers are working under a tight deadline as the House’s August recess approaches.

Judge to slash $2 billion award for couple with cancer in Roundup lawsuit

Judge to slash $2 billion award for couple with cancer in Roundup lawsuit

Another cool new office, this one for business catering company ezCater

Nearly 500 employees of business caterer ezCater this week were settling into their new digs on Water Street, the latest tech firm to plant its flag in the Financial District. The twist? The whole place is a WeWork.

Tide wants to do your laundry for you — so I let them do mine

With the pithy slogan “Life, Not Laundry,” Tide now operates 140 dry cleaning stores in 19 states, and Tide University is cleaning students’ clothes at 23 colleges, including MIT.


// Sign up for Talking Points

An afternoon recap of the day’s most important business news, delivered Monday through Friday.

The Fine Print

// Submit: Are you a consumer with a question?

Sean P. Murphy is the Globe’s consumer columnist, and he’s here to take your queries.

Globe Magazine

Top Places to Work

// The 2018 Top Places to Work in Massachusetts

These 128 businesses have the happiest employees in the state. Here are sortable lists of the winners, and how we compiled them.


// Developing new antibiotics requires new incentives, experts say

The private sector is unwilling to take on the financial risk, experts say, despite desperate need.

More Business headlines

Jet2 sends big bill to passenger for flight return to London

A passenger accused of severe misbehavior on a Jet2 flight that had to return to London’s Stansted Airport in June has received a huge bill from the airline.

US stock indexes shake off an early loss and close higher

U.S. stocks reversed course from an early slump and closed higher Thursday to break a two-day losing streak after technology and bank stocks rallied.

Red Line service has suffered since a June 11 derailment near JFK/UMass Station.

Shirley Leung

Red Line’s slow service, explained

Believe it or not beleaguered riders, the MBTA is making progress on getting the Red Line back to normal. Now don’t get too excited.

The Blue Cross Blue Shield of Massachusetts program has been successful, according to Haarvard Medical School researchers.

Blue Cross’s approach to paying doctors based on quality of care shows results, Harvard study finds

Researchers find that the payment plan is linked to smaller increases in health care spending — and better quality care.

Weekend Agenda

Tacos and tequila, an Adobe Illustrator training and other events and things to know.

Boston, MA- March 03, 2017: Boston Medical Center in Boston, MA on March 04, 2017. (On Monday, Boston Medical Center will announce the receipt of a $25m donation, the largest in its history. The money, from billionaire investor John Grayken and his wife, Eilene, will be used for programs to fight drug addiction. We are looking for a good exterior photo of the hospital. The donation won't be officially announced until Monday but Globe has an exclusive for Monday's paper. ) (Globe staff photo / Craig F. Walker) section: Lifestyle reporter: arnett

Boston Medical Center, nurses’ union reach contract agreement

The four-year deal includes wage increases, safety initiatives, and payment for professional development.

A rendering of the new Target store in Dorchester's Fields Corner neighborhood. The retailer also will initiate its Drive Up service in the Boston area — as well as stores in Rhode Island, New Hampshire, Maine, and several other states — next week.

Target will open a small-format store in the Fields Corner shopping plaza in 2020

The company will also soon offer its drive up “click and collect” service in the Boston area.

(FILES) In this file photo taken on July 10, 2019, the Netflix logo is seen on a phone in this photo illustration in Washington, DC. - Netflix shares plunged more than 10 percent in after-hours trade on July 17, 2019, after its quarterly update showed weaker-than-expected subscriber growth for the streaming television sector leader. Netflix said it added 2.7 million new subscribers worldwide in the April-June period, well below expectations, as the sector prepared for offerings from rival groups including Walt Disney, Apple and others. (Photo by Alastair Pike / AFP)ALASTAIR PIKE/AFP/Getty Images

Netflix subscriber drop hints at streaming-service fatigue

Foundation Medicine will move its headquarters to the Seaport

At 580,000 square feet, it’s the largest office lease signed in Boston since 2014.

Business Agenda

A taste-testing for experimental food, a happy hour for businesswomen, and other events and things to know.

The Lunder Building at Massachusetts General Hospital.

Massachusetts medical board approves rules on simultaneous surgeries

Doctors will have to give patients the names of junior surgeons who will participate in operations and document when the lead surgeon is absent.

FILE - In this July 5, 2019, file photo trader Benjamin Tuchman works at the New York Stock Exchange in New York. The U.S. stock market opens at 9:30 a.m. EDT on Thursday, July 11. (AP Photo/Mark Lennihan, File)

Larry Edelman

Democracy be damned as long as Wall Street’s happy

Give investors low rates, decent economic growth, and rising corporate earnings, and they are content — even if Trump acts more like a dictator than a president.

Delta will take full control of Logan’s 21-gate Terminal A in September.

Chesto Means Business

Delta makes Boston one of its hubs, sets aggressive new expansion target

Atlanta-based Delta has added Logan Airport to its list of hubs, and has set an aggressive new growth target for the Boston market.

Tesla’s plan to deliver fully self-driving cars this year worries regulators, experts

Tesla is promising to launch ‘‘full self-driving’’ capabilities to hundreds of thousands of cars through an over-the-air update as soon as this year. But its push to put the features — largely unregulated and unproven on real-world roads — in the hands of American drivers is putting industry executives and regulators on edge.

US objections to French tech tax overshadow G-7 finance meeting

As finance ministers from the Group of Seven rich democracies gathered Wednesday for a two-day meeting, US Treasury Secretary Steven Mnuchin planned to take a tough line against France.

EU competition chief Margrethe Vestager in Brussels on May 26, 2019. MUST CREDIT: Bloomberg photo by Geert Vanden Wijngaert.

Amazon faces EU inquiry over data from independent sellers

LONDON — Amazon faces a widening inquiry in Europe over whether it unfairly uses data collected from third-party sellers who rely on its platform, the latest move by regulators around the world to curb the growing power of big technology companies.

Julie Wormser


She urges a regional approach on watershed

The Mystic River Watershed Association’s Julie Wormser believes nonprofits like hers can fill the void left by nonexistent county government.

Somerville Hospital’s emergency department entrance.

Somerville Hospital to shutter emergency department, open urgent-care center

Hospital officials said they have considered the plan for three years and that it was not related to the 2016 case of Laura Levis. She found a locked door when she arrived at Somerville Hospital, collapsed outside, and later died.

Frequency signs $80m deal with Japan’s Astellas Pharma

Woburn biotech is working on a drug to restore hearing.

Owners of the Zuma Japanese restaurant, which opened in May inside the One Dalton Four Seasons, must change its name, a Superior Court judge has ruled. The ruling favors a Tex-Mex restaurant in Faneuil Hall, which claims the right to use the Zuma name.

Zuma vs. Zuma: In name dispute, court finds in favor of Faneuil Hall Tex-Mex joint

The Four Seasons’ Zuma can no longer use the name Zuma, a Suffolk Superior Court judge ruled.

If Northeastern’s opponents succeed, they could give a new tool to cities and towns to oversee construction projects proposed by nonprofits.

Chesto means business

Bill could limit nonprofits’ power to bypass zoning

The town-gown fight spilled over to the State House on Tuesday. Critics from Nahant packed the Gardner Auditorium to show support for a bill aimed at ending Northeastern’s plans to expand its marine research center in the town.

Business Agenda

A gathering for marijuana entrepreneurs, free legal advice for small businesses and other events and things to know.

What makes you work harder? Strap on a sensor and find out.

Researchers are tracking employees’ brain activity and sleep to measure productivity — and opening a Pandora’s box of privacy concerns.

David Marcus, head of Facebook’s cyrptocurrency subsidiary Calibra, testified during a hearing before the Senate Banking, Housing, and Urban Affairs Committee Tuesday on Capitol Hill. The committee held the hearing on

Facebook cryptocurrency Libra skewered on Capitol Hill

Both Democrats and Republicans voiced concerns about Facebook’s proposed global currency, citing previous privacy violations which led to a recent $5 billion settlement with the FTC.

Searches for ‘canceling Amazon Prime’ spike on Prime Day

The data suggest shoppers want to snatch up discounted gadgets and appliances without making a long-term commitment to the world’s biggest online retailer.

Raytheon workers stitched copper wire into the memory circuits of the Apollo spacecraft computer.


Behind the men on the moon, there were thousands of women

From Cambridge to California, women were a critical part of the success of Apollo 11.

Developer, biotech investment firm plan eight-story South Boston lab

A growing number of life science heavyweights are pouring into the neighborhood, which developers see as an attractive alternative to pricey, and crowded, Kendall Square in Cambridge.

A rendering showing the sea level rise in 2050 at the edge of the South Boston Power Plan. (Stoss)

Video depicts how rising seas will affect South Boston

It’s part of a presentation showing resiliency of proposed development at L Street Power Station site.

Business Agenda

A speed networking event, an education tech showcase, and other events and things to know.

Ransomware attacks have led numerous local and state government agencies to pay for access to their own vital data after cybercriminals have made it inaccessible via encryption.


Ransomware attacks: Not if, but when, agencies say

City and state agencies are being hammered by ransomware attacks that have crippled public services and cost taxpayers millions. So far, Massachusetts has been spared the devastation.

A section of the an railroad right-of-way along Chelsea Creek in East Boston could play a key role in future development.

Chesto Means Business

Hidden stretch of East Boston waterfront draws developer’s interest

One mile or so of old freight railroad right-of-way, running parallel to busy Route 1A just a block away, is becoming a controversial focal point amid Boston’s development boom.

Treasury Secretary Steven Mnuchin is urging lawmakers to address the debt ceiling before they go on recess.

White House presses for fall-back plan on debt ceiling if budget talks fall through

Treasury Secretary Steven Mnuchin is warning that time is running out to ensure that the government has enough money to pay all its bills.

S&P 500 notches another record after a muted, mixed day

A wobbly day of trading ended with meager gains for US stock indexes on Monday, but enough to nudge them further into record territory.

Ford Motor Co. Executive Chairman Bill Ford opened contract talks with the United Auto Workers Monday in Dearborn, Mich.

Car plant closings, corruption color Detroit Three-UAW talks

As the United Auto Workers and Detriot Three work to secure new labor contracts, their negotiations will be stained by myriad issues, including plant closures and corruption.

Cambridge-based Kymera Therapeutics recently signed a $70 million business deal with Vertex Pharmaceuticals, based in Boston’s Seaport.

Weeks after he signed a $70m deal with Vertex, Kymera’s CEO is out

Laurent Audoly had led the company since 2017.

BOSTON, MA - 06/20/2019 The parking lot in front of the Landmark Center, which was recently renovated into new offices and retail businesses, has been converted into a new green space. The neighborhood has undergone a massive transformation in the past 20 years and the recent green space signifies major change. Fenway Sears Building Erin Clark for The Boston Globe

It was a parking lot. Now it’s a park, and the ‘center of gravity’ in reimagined Fenway neighborhood

Over the last two decades, developer Steve Samuels has transformed the Fenway neighborhood into a retail mecca. His latest project aims to add new vibrancy to the streetscape.

With a $5 billion fine, the pain may just be beginning for Facebook

Regulators and lawmakers in Washington, Brussels, and in countries including Canada have begun investigations and are proposing new restrictions on Facebook.

The week ahead in business

Networking for immigrants, discussing the future of CBD in Massachusetts and other events and things to know.

Manchester, N.H., is a leading candidate: It has had a startup, Dyn, acquired for more than half a billion dollars, and it’s home to a long-running research-and-development company, Dean Kamen’s DEKA Research.

Scott Kirsner | Innovation Economy

In search of a ‘second city’ for New England startups

The region needs a lower-cost alternative to Boston for fledgling companies.

If you stop making payments to your creditors as a part of a debt-settlement plan, you are likely to trigger penalties, higher interest rates, and other fees.

Michelle Singletary | The Color of Money

There is no shortcut to debt relief — so don’t believe the hype

The debt-settlement industry has been plagued for decades by shady practices and outright scams that take advantage of consumers distressed about their debt load, said one professor.

Two engineers performed tests on the inertial subsystem for the Apollo space craft in the MIT Instrumentation Laboratory.

How Massachusetts made the Apollo 11 moon landing possible

The skill and diligence of hundreds of Mass. workers enabled the US to fulfill President John F. Kennedy’s pledge to put a man on the moon in less than 10 years.

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.