Martha’s Vineyard bus drivers threaten strike

Long-simmering labor dispute heats up as the summer tourist season gets underway.

Vas Narasimhan, chief executive officer of NovartisG, on the opening day of the World Economic Forum in Davos, Switzerland, on Jan. 22, 2019. MUST CREDIT: Bloomberg photo by Jason Alden.

Novartis head coy about pricing on breakthrough drug

Novartis CEO Vas Narasimhan said said he could justify charging up to $5 million for a revolutionary treatment for a rare genetic disease, but it will end up being priced at a fraction of that.

Ariel Quiros (left) former owner of Jay Peak Resort, stood with his lawyer Seth Levine outside the federal courthouse in Burlington Vt., Wednesday, after his arraignment on fraud charges over a failed plan to build a biotechnology plant using foreign investors’ money.

Ski resort leaders, businessman indicted on fraud charges

The former owner and former president of a Vermont ski resort accused in a multimillion-dollar fraud case have been indicted on federal charges unsealed Wednesday over a failed plan to build a biotechnology plant using foreign investors’ money.

Bourne, MA - 09-31-12- Traffic backed up before the Bourne Bridge heading for Cape Cod for the Labor Day weekend. (Globe staff photo / Bill Greene) Section:metro, topic:feature

The Cape Cod bridges are a traffic nightmare. But plans for improvement are taking shape

State officials want to add or move several highway ramps, reconfigure rotaries, and create signalized intersections around the Bourne and Sagamore bridges. And the federal government is considering a complete replacement of those bridges.

Latest Business headlines

Mobile carriers in Britain and Japan begin to turn away from Huawei

Google’s decision to cut off support to Huawei, the Chinese telecommunications giant blacklisted by the Trump administration, is rippling across the globe as companies suspend ties to the handset-maker.

Bitcoin pioneer Circle lays off 30

The layoffs were announced six days after Circle halted US trading in nine cryptocurrencies.

Proposed HUD rule would strip transgender protections at homeless shelters

The proposed rule comes one day after HUD Secretary Ben Carson assured members of Congress that the agency had no plans to eliminate the 2012 Equal Access Rule.

Chesto Means Business

Boston group brings corporate America to D.C. to push for climate bill

Members of Congress are used to hearing from the usual suspects — the enviros and other lefties – about the pressing need for a law that would carbon emissions. But Corporate America has joined the crusade.

Qualcomm violated antitrust law, judge rules

US District Judge Lucy Koh’s ruling sided with the Federal Trade Commission, which in 2017 sued the San Diego-based chipmaker on accusations its agreements with phone makers undermined competition.


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// 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

Matt Maddox, CEO of Wynn Resorts Ltd., at a Nevada Gaming Commission meeting in February.


The high-stakes poker game that Wynn Resorts and MGM just lost

Vegas titans Matt Maddox and Jim Murren forgot that what happens in Vegas doesn’t happen in Massachusetts.

Boston Fed President Eric Rosengren.


Forget the partisans, Trump should pick Boston’s Eric Rosengren for the Fed board

There are plenty of candidates out there would be excellent stewards of the economy without the political baggage and Boston’s Rosengren is one of them.

Boston area housing market in full spring bloom

April sales were up almost 3 percent compared with the same month last year.

Wynn Resorts chief executive Matthew Maddox (left) and others tied to Wynn met with the state Gaming Commission in April.

chesto means business

Politics, not finances, got in the way of MGM-Wynn deal

MGM issued a statement Tuesday night saying it was ending discussions with Wynn for the Everett casino, and that it would stick with its new Springfield casino instead. The finances might have worked out with a Wynn deal. The politics proved insurmountable.


New Coke, marketing disaster of the 80s, makes a comeback of sorts

Stories you may have missed from the world of business.

Arts give Boston economy a $2b boost, report says

The report, sponsored by Bank of America, says area arts and cultural events attract roughly 21 million people every year, more than four times the combined attendance at Bruins, Celtics, Patriots, and Red Sox games.

FILE - In this Sept. 21, 2018, file photo, Mike Starkey offloads soybeans from his combine as he harvests his crops in Brownsburg, Ind. For months, the U.S. economy has shrugged off the tariffs slapped by America and China on tens of billions of dollars of each other’s goods. In drawing up its list of targets, Beijing focused specifically on soybeans and other farm products in a direct shot at Trump supporters in the U.S. (AP Photo/Michael Conroy, File)

Trump readies new round of aid to farmers hit by China trade war

The aid plan is largely modeled on the program the administration put in place last year after China slapped retaliatory tariffs on US agricultural products, though the payments will be more generous.

When Alanna Ludley was looking for a company to move her belongings from Abington to Hanover last fall, she found Monster Movers. After her piano was damaged in the move, the company accepted responsibility and agreed to pay to restore it. But then it ghosted her.

Sean P. Murphy | The Fine Print

Movers damaged her grandmother’s vintage piano, and she’s fighting to get it repaired

She obtained a small claims judgment for $600 for damage done by her mover, but can she enforce it without a valid street address for the company?

Kuldeep Singh Rajput, founder and CEO of Biofourmis.

Singapore startup Biofourmis raises $35m, plans headquarters move to Boston

Biofourmis makes a system that combines biosensors, artificial intelligence software, and a mobile app to monitor patients with chronic medical conditions.

After 2017 sexual harassment complaints, union official now up for a promotion

Tyrek D. Lee Sr. was executive vice president of 1199SEIU United Healthcare Workers East when he was placed on leave.

Biomass plants provide revenue for the timber industry, particularly after the demise of paper mills in the region.

Stakes high in New Hampshire timber industry debate

New Hampshire’s wood-fired power plants helped support the timber industry for nearly four decades. But their days could be numbered now.

FCC Chairman Ajit Pai said the pact would improve rural Internet access as well as aid US leadership in 5G connectivity.

T-Mobile, Sprint soar after FCC chairman says he’ll recommend deal

T-Mobile US Inc. and Sprint Corp. jumped as Federal Communications Commission Chairman Ajit Pai said he’ll recommend his agency approve the companies’ $26.5 billion merger, turning attention to whether the deal also will win a needed clearance from antitrust regulators.

Papa Gino’s, which just exited bankruptcy, is launching its first major campaign in five years.


With new ads, Papa Gino’s promotes New England’s ‘official’ pizza

The chain’s new chief marketing officer turned to a local ad agency to launch the pizzeria chain’s first major ad campaign in five years.

Coalition urges state to delay payroll tax for family leave program

The advocates say there’s a need for a three-month extension of the July 1 deadline for approval of employers’ private paid and family medical leave plans and the start of required plan contributions.

With E Ink Corp.’s technology, a window can turn black, blocking light, at the push of a button.

E Ink’s latest foray: self-darkening windows

The Billerica company behind e-book reader displays wants to light up — and darken — your home.

Business agenda

An artificial intelligence symposium, networking at the Boston Tea Party Museum, and other events and things to know.

Stocks finish lower as trade jitters hit tech sector

US equities sank Monday as the fallout from the White House’s moves against Chinese telecom giant Huawei battered technology shares and stoked trade jitters.

Ford cuts thousands of white-collar jobs

Ford said it would cut 7,000 jobs — or about 10 percent of its global salaried workforce.

Democratic presidential candidate Kamala Harris spoke Sunday during a campaign event in Los Angeles.

Kamala Harris wants to fine companies that pay men more than women

Under Harris’s plan, companies could be fined 1 percent of their profits for every 1 percent wage gap they allow to persist for work of equal value.

UMass Boston lands $1 million donation for Latino institute

The gift from Robert and Diane Hildreth will support the Mauricio Gaston Institute for Latino Community Development and Public Policy.

Braintree is requiring Amazon to identify its delivery vehicles as part of a traffic-management plan.

It’s Amazon vs. Braintree in suit over delivery signage

The lawsuit could have broad implications for a booming business: getting stuff to your front door fast.

Top Places to Work nominations extended

Companies can sign up through June 21.

Dan Wolf, cofounder of Cape Air, wants to start two daily flights to New York City this summer.


Planned Seaplane service runs into choppy waters in Southie

Cape Air CEO Dan Wolf’s dream of bringing seaplane service to Boston Harbor is running into some turbulence: He still needs to stick the landing in South Boston.

In Springfield, new Orange Line cars sat on the production floor of the CRRC factory.

Senator seeks probe of Chinese company making MBTA’s subway cars

Chuck Schumer wants the federal government to step in and investigate whether a Chinese state-owned company could pose a threat to national security.

Headquarters of Deutsche Bank is photographed in Frankfurt, Germany, Thursday, Dec. 10, 2015. (AP Photo/Michael Probst)

Deutsche Bank staff saw suspicious activity in Trump, Kushner accounts

But the bank never filed reports on accounts connected to Donald Trump and his son-in-law Jared Kushner.

the color of money | michelle singletary

Don’t keep debt around like it’s a Pet Rock

For many people, their debt has become like a Pet Rock. It has matured into a faithful companion that has been hanging around for years.

From left: Ben Rose, Whole Foods regional vice president, Chris Austin, director of food enterprises, Sadyra Martinez, transitional coach, Alex Santana, and Gregg Croteau, UTEC chief executive officer.

Whole Foods honors Lowell nonprofit that helps ‘enrich young people’s lives’

The organization is working to implement a program it says would guarantee a job for every young person from the Merrimack Valley who’s released from prison.

One of the buildings in the complex is 610 Main St. (above).

MIT-owned lab buildings change hands for reported $1.1 billion

The complex, known as the Osborn Triangle, is home to Novartis, Pfizer, and Lab Central.


This CEO had 30 million reasons to stay when a rival came knocking

A $30 million equity award to retain Hologic’s Stephen MacMillan made him one of the best-paid CEOs in the country last year.

Scott Kirsner | Innovation Economy

Where are all the Massachusetts tech IPOs?

When it comes to going public, the sector remains in the long shadow of California.

Gamblers and others gathered in a sports book bar at Twin River Casino in Rhode Island, where sports gambling is legal.

Beacon Hill lawmakers drag their feet on sports betting

As a result of the inaction, the state will likely leave millions in revenue on the table.

The powerful narcotic OxyContin. Attorneys general of West Virginia, Maryland, Kansas, Iowa, and Wisconsin planned to file lawsuits  against Purdue Pharma and possibly Richard Sackler, the former president of the company.

Toby Talbot/associated press/2013 file

5 more states sue Purdue Pharma over opioid crisis

5 more states sue Purdue Pharma over opioid crisis

EU fines banks over $1 billion over foreign exchange cartel

European Union regulators have fined five banks a total of more than 1 billion euros ($1.1 billion) for colluding in the trade of large sums of foreign currency.

The industrial building at 30-50 Terminal St. in Charlestown

Chesto Means Business

CLF takes on a fight for industrial uses, this time in Charlestown

The Conservation Law Foundation sent a letter last week to the city that expresses concerns about the potential conversion of two industrial buildings in Charlestown for residential use.

The National Transportation Safety Board said Tesla’s Autopilot semi-autonomous driving system was in use when one of its cars drove beneath a semitrailer in Florida in March, killing the driver.

NTSB says Tesla autopilot was in use before the car collided with semitrailer

A Tesla Model 3 involved in a fatal crash with a semitrailer at the beginning of the month in Florida, was operating on the company’s semi-autonomous Autopilot system, federal investigators have determined.

Royal Bank of Scotland was among the banks fined by the European Commission for their roles in foreign exchange trading cartels.

Europe fines 5 banks a total of $1.2 billion for their roles in foreign exchange cartels

The European Commission says it has fined Barclays, Citigroup, JPMorgan Chase, Mitsubishi UFJ Financial Group, and the Royal Bank of Scotland for sharing sensitive information with each other to manipulate foreign currency markets.

Stocks extend rebound to a 3rd day

Stocks closed broadly higher on Wall Street for the third straight day Thursday, led by solid gains in technology companies and banks.

Autopilot was in use before Tesla hit semitrailer in fatal crash, NTSB says

Federal investigators with the National Transportation Safety Board say a Tesla Model S involved in the deadly crash was operating semi-autonomously.

Five more states announce new suits over prescription opioids

The new filings mean 45 states have now taken legal action in recent years against Purdue Pharma, the maker of OxyContin.

Facebook CEO Mark Zuckerberg.

Facebook says it has broken up private Israel-based campaign to disrupt foreign elections

Nathaniel Gleicher, Facebook’s head of cybersecurity policy, said the group primarily posed as political candidates and peddled fake news about foreign elections.

Visitors checked out a prototype of Lilium’s flying taxi.

Is this the flying car science fiction promised us? Jet-powered flying taxi unveiled

A German startup aims to fly the all-electric vertical takeoff and landing passenger jets in cities worldwide by 2025.

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.