Warren Buffett offers up management advice to Boston business leaders

Warren Buffett came to Fenway Park on Tuesday, offering up folksy aphorisms, management advice, and a baseball metaphor or two.

Live racing ended at Suffolk Downs this year.

Mass. OK’s Suffolk Downs betting plan with FanDuel

The Massachusetts Gaming Commission on Thursday approved a proposal by Suffolk Downs that will allow the daily fantasy sports operator FanDuel to offer wagers on horse races to Massachusetts customers through its mobile apps.

Charles Flagg of Jamestown, R.I. (above, with his wife, Cynthia), had received Biogen’s aducanumab until the studies were halted in March. Since he was taken off the medicine, “his cognition, his alertness, his interactions have definitely diminished,’’ Cynthia Flagg said.

Experts split sharply over experimental Alzheimer’s drug

A company that claims to have the first drug to slow mental decline from Alzheimer’s disease made its case to scientists Thursday but left them sharply divided over whether there’s enough evidence of effectiveness for the medicine to warrant federal approval.

“Massachusetts has reached a tipping point,” a study released in August concluded. Above, rush hour in the Thomas P. O’Neill Tunnel.


It’s time to clear a path through the political gridlock for a test of congestion pricing

If Boston moves ahead with congestion pricing, it’s going to need the state’s help, and you can already sense political gridlock setting in.

Latest Business headlines


Cambridge Trust to acquire Wellesley Bank

Stories you may have missed from the world of business.

Weekend agenda

A conference on the retail industry, a “winter wonderland” brunch, and other events.

Walsh signals possible support for transfer tax on real estate sales

The tax could raise millions of dollars a year for affordable housing, but many questions remain about the trickle-down effects, and time is running short before the City Council breaks for the year.

Local Swissbakers cafe chain abruptly shuts down operations

After 13 years in business, Swissbakers abruptly shut down Thursday, shuttering its four locations in Allston, North Station, Reading, and at Harvard University.

Baker marks opening of Lexington gene therapy plant

Governor Charlie Baker marked the opening of Thermo Fisher Scientific’s $93 million gene therapy manufacturing plant, saying he has “very close friends” who have been devastated by a disease for which the facility hopes to make a yet-to-be approved drug.


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Top Places to Work

//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2018/11/14/BostonGlobe.com/Magazine/Images/intro2018tptw.jpg 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.


//c.o0bg.com/rf/image_90x90/Boston/2011-2020/2019/05/02/BostonGlobe.com/National/Images/gel.jpg 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


Worcester, Pawtucket offer contrasting stadium incentives

With different financing plans, Worcester is getting the WooSox and Pawtucket is getting a soccer team. Think of it as the Tale of Two Stadiums.

Trader Frederick Reimer worked on the floor of the New York Stock Exchange on Wednesday, Dec. 4, 2019. Stocks were broadly higher as traders became more hopeful that a trade deal between the United States and China was making progress.

US, China move closer to trade deal despite harsh rhetoric

The US and China are moving closer to agreeing on the amount of tariffs that would be rolled back in a Phase 1 trade deal despite tensions over Hong Kong and Xinjiang, people familiar with the talks said.


Bridgewater Savings Bank, Mansfield Bank to merge

Stories you may have missed from the world of business.

A growing number of passengers allege they were raped or sexually assaulted while using the ride-hailing app.

More than 20 additional women sue Lyft alleging rape, sexual assault

The suit adds to a growing list of legal complaints against the ride-hailing company from passengers who say they were targeted by drivers on the app.

Alphabet’s New Boss Means $2 Billion for Departing Founders

Larry Page and Sergey Brin just got a $2.3 billion retirement gift from investors.

Young Sheldon, meet SpongeBob: CBS and Viacom are back together

After more than a decade apart, CBS and Viacom are reuniting.

Air bag maker Takata is recalling about 1.4 million driver's side inflators because they could explode and hurl shrapnel. They also may not inflate properly to protect people in a crash.

Deadly defect found in Takata air bags

The malfunction is different than the defect that led to at least 24 deaths and hundreds of injuries worldwide, though the result, like the earlier issue, leads to air bags that can explode and hurl shrapnel, killing or injuring people.

The Boston College campus in 2017.

Citing religious beliefs, electrician sues SEIU, Boston College over mandatory union dues

The plaintiff, a Muslim member of SEIU, informed the school and union last fall that his religious beliefs conflicted with paying union dues and asked that the money be diverted to charity.

Stocks rise broadly; S&P 500 ends 3-day losing streak

The latest flip-flop followed a report that US negotiators expect a “Phase 1” trade agreement to be completed before US tariffs on Chinese products rise on Dec. 15.

Business agenda

A marijuana webinar, a talk on pitching your ventures, and other events and things to know.

Dr. John Halamka will leave Beth Israel Lahey Health in Boston to become president of the Mayo Clinic platform, a unified data repository the Minnesota-based health system is creating to develop new analytics capabilities and digital services.

Mayo Clinic taps Boston health tech leader to guide data strategy

On the heels of forming a new partnership with Google, Mayo Clinic announced it has hired Dr. John Halamka — a Harvard University professor and hospital IT veteran — to guide its efforts to apply artificial intelligence to vast stores of data from patients and devices.

A Peloton bike.

Here’s what Peloton had to say about the viral reaction to its ‘Grace in Boston’ ad

A seemingly innocuous commercial featuring “Grace in Boston” led to visceral reactions, with many criticizing it as sexist and demeaning. Peloton shared its side with the Globe on Wednesday morning.

Reebok's first running shoe made out of plants includes and upper made from eucalyptus cellulose fibers, an outsole from natural gum rubber, a midsole from castor bean oil, and a sockliner that is algae based.


Reebok’s newest shoe is primarily made out of plants, not petroleum

It’s a noble goal, helping to save the planet. Reebok’s stated plan: to do it one step at a time.

For much of the 21-month trade war with Beijing, the president has contradicted himself on when a deal might be sealed.

Trump says trade deal with China could wait until after 2020 election

Trump says trade deal with China could wait until after 2020 election; Dow plunges


SimpliSafe gets a new CEO

Stories you may have missed from the world of business.

Sundar Pichai (above), who has been leading Google as CEO for more than four years, will also become CEO of Alphabet. (Above right) Google co-founders Sergey Brin, left, and Larry Page will remain board members.

Google cofounders stepping down as executives of parent Alphabet

The departures end a remarkable two decades during which Larry Page and Sergey Brin shaped a startup born in a Silicon Valley garage into one of the world’s largest firms.

Fashion rental business Le Tote purchased Lord & Taylor last month.

Clothes-for-rent business moves into the mainstream

It has been a big year for the fashion rental movement.

This 2014 photo provided by The University of Texas MD Anderson Cancer Center shows Stephen Hahn. President Donald Trump’s nominee to lead the Food and Drug Administration sidestepped questions on the future of a 2-month-old plan to ban most flavored e-cigarettes. Hahn told Senate lawmakers on Wednesday, Nov. 20, 2019, that a recent wave of underage vaping is an “urgent, important crisis” and demands “aggressive action.” But he said he wants to review more data before deciding on an approach. (The University of Texas MD Anderson Cancer Center via AP)

FDA nominee clears Senate panel

A Senate committee on Tuesday advanced the nomination of Dr. Stephen Hahn, a noted oncologist and cancer researcher, to lead the Food and Drug Administration.

Governor Charlie Baker has pushed this year for a bill called Housing Choice, but it remains stuck in committee as lawmakers focus on other things.

As other states take on housing crunch, Mass. still stands pat

In Massachusetts, long considered a progressive state, measures that aim to ease restrictions on construction and blunt some of the nation’s highest housing costs have gone nowhere.

Stocks fall a 3rd straight day amid more trade worries

President Trump said he has ‘‘no deadline’’ for a trade deal and doesn’t mind waiting until after the 2020 election to make one.

Business agenda

A meetup of Boston’s biggest brands, a conference dedicated to solving the region’s transportation woes, and other events and things to know.

Dockmaster Jay Larcome at Encore Boston Harbor helped a passenger with his tickets.


Encore by sea, even in winter

Dockmaster Jay Larcome plans to keep the casino’s water shuttles operating.

The Peloton system is displayed, Thursday, Sept. 26, 2019 at the Nasdaq MarketSite in New York. (AP Photo/Mark Lennihan)

Here’s why people are reacting so viscerally to the ‘Grace in Boston’ Peloton commercial

On its surface, the commercial seems innocuous enough. However, the holiday-themed ad featuring “Grace in Boston” has sparked a slew of horrified and disgusted reactions.

FILE - In this Nov. 14, 2019, file photo trader John Elliott works on the floor of the New York Stock Exchange. The U.S. stock market opens at 9:30 a.m. EST on Tuesday, Dec. 3. (AP Photo/Richard Drew, File)

Stocks slump as Trump says trade deal with China can wait

The selling knocked the Dow more than 350 points lower and had the S&P 500 on track for its third straight loss as the market continued to give up gains after a strong November rally.

Fidelity picks new chief for its funds business

Bart Grenier, a top executive at Fidelity’s London-based affiliate, is returning to Boston to succeed Steve Neff, who will retire in March after 23 years at the company.

Richard Sackler during his deposition.


Purdue’s Richard Sackler proposed plan to play down OxyContin risks, files show

In one e-mail, Sackler wrote that he wanted Purdue to draw attention to its patent infringement lawsuits so that “we are feared as a tiger.”


Wells Fargo plucks Boston banker as COO

Stories you may have missed from the world of business.

Laura Perille

Former interim Boston schools chief to lead early education provider

Laura Perille – who recently served as interim superintendent of the Boston Public Schools – will become the next chief executive of Nurtury, a 140-year-old institution that is one of the biggest providers of early education and care in Greater Boston.

Allston/Harvard drain plan poses challenge

Pop quiz: When is a storm drain more than just a storm drain?

From left, Director of Corporate Communications Casey Antonelli, and Chief Marketing Officer Philip Granof, right, at Boston startup NewStore, which makes software to support ecommerce.


Bringing online retail’s power to brick-and-mortar stores

Boston startup NewStore’s software puts more control over transactions in hands of employees.

Business agenda

A tech startup mixer, a seasonal networking dinner, and other events and things to know.

Facebook's campus in Menlo Park, Calif. The company, accused by the European Union of stifling competition, is trying a tool in Ireland that would allow users to move photos and videos to Google.

Facebook testing a way to let you move photos to rival sites

Facebook is reacting to European privacy laws and criticism from regulators that its size and control over data hinder competition.

Stocks stumble amid trade tensions, weak economic data

Technology companies led a broad slide for stocks on Wall Street Monday, handing the market a downbeat start to the month.

President Trump’s announcement was particularly jarring to Brazil’s conservative populist president, Jair Bolsonaro, left, who had gone to great lengths to strengthen ties with the Trump administration, with little to show for it.

Trump says US will impose metal tariffs on Brazil and Argentina

The move would shatter previous agreements with those countries and widen a global trade war that the president had appeared ready to scale back.

FILE - In this Feb. 9, 2018, file photo packages move down a conveyor system were they are directed to the proper shipping area at the new Amazon Fulfillment Center in Sacramento, Calif. “Cyber Monday” is still holding up as the biggest online shopping day of the year, even though the same deals have been available online for weeks and the name harks back to the days of dial-up modems. (AP Photo/Rich Pedroncelli, File)

Online shopping is a big hit today: Cyber Monday sales are on track for a record

Cyber Monday is still holding up as the biggest online shopping day of the year, even though many of the same deals have been available online for weeks.

The booming sector relies on human ‘coaches’ to interact with patients and supplement AI


Stories you may have missed from the world of business


US President Donald Trump and son Barron make their way to board Air Force One before departing from Palm Beach International Airport in West Palm Beach, Florida on December 1, 2019. - Trump is returning to Washington, DC after spending the Thanksgiving weekend in Florida. (Photo by MANDEL NGAN / AFP) (Photo by MANDEL NGAN/AFP via Getty Images)

Trump’s trade deal poses a dilemma for Democrats

House Democrats face a difficult choice: Should they hand President Trump a victory, or walk away from one of the most progressive trade pacts ever negotiated by either party?

Brandale Randolph, CEO and founder of 1854 Cycling, demonstrated its prototype bike for use by police.

Want this $10,000 bike? Get a badge

The Thoreau Tactical System from 1854 Cycling Co., of Framingham, is a police data center on two wheels.

Tom Croswell (left), CEO of Tufts Health Plan, and Michael Carson, CEO of Harvard Pilgrim Health Care,

A united Tufts-Harvard Pilgrim is better for consumers, CEOs say

Together, the CEOs said, the insurers can grow in new markets, invest in consumer-friendly apps and tele-health programs, slash administrative expenses, and moderate increases in insurance premiums.

Partners Healthcare will now go by Mass General Brigham.

Talking Points

Here’s what you might have missed from the week in business

A look at the week in review in the business world.

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.