By Hannah Green Moderna Inc. officially opened the doors to its new global headquarters on Wednesday, fulfilling its plan to bring its research and development operations under one roof. The Cambridge drugmaker has moved into a six-floor, 462,000-square-foot office and lab building at 325 Binney St. Moderna (Nasdaq: MRNA) first shared its intention to move into a new Cambridge […]
By Greg Ryan Boston University has agreed to pay $19.8 million to purchase a site on the edge of its campus that has city approval for a 17-story tower with more than 250 residences. The property is next to the planned future home of West Station, a new transit hub featuring commuter-rail service. The transaction means that […]
By Isabel Hart Mass General Brigham, Harvard University and the Massachusetts Institute of Technology all celebrated a joint milestone yesterday: Their collaborative research operation, the Ragon Institute, opened its new headquarters in Cambridge. The new location at 600 Main St. in Kendall Square is less than a quarter-mile from the institute’s previous address at 400 Technology Square. The new site […]
A little more than a month ago, we predicted in this space that the backlog of major, crucial bills that piled up toward the end of the legislative session would get short shrift, since lawmakers would be consumed with trying to pass the perennially late state budget. Unfortunately, the month of July played out exactly as we […]
By Greg Ryan The downtown Boston office market has captured the lion’s share of local attention — and alarm — since Covid-19 upended the five-day, in-office workweek. But now there’s cause for concern across the Charles River for the 12 million square feet of offices in Cambridge. A CBRE report this month found that, for the first time since the […]
By Nick Timiraos While Federal Reserve officials aren’t likely to change interest rates in the coming week, their meeting will nonetheless be one of the most consequential in a while. At each of their four meetings this year, interest-rate cuts have been a question for later. This time, though, inflation and labor-market developments should allow officials to signal […]
By Michael Mackenzie and Liz Capo McCormick Bond traders are piling into bets that the US economy is on the verge of deteriorating so quickly that the Federal Reserve will need to start easing monetary policy aggressively — potentially before their next scheduled meeting — to head off a recession. Previous worries about the risk of elevated inflation have virtually disappeared, swiftly […]
By Catarina Saraiva and Ananya Chag Federal Reserve Bank of Chicago President Austan Goolsbee emphasized the central bank will not overreact to any one report, adding policymakers will get a lot of data prior to the Fed’s next meeting. Goolsbee, who spoke on the heels of the release of a weaker-than-expected employment report, said it’s the Fed’s job to figure out […]
By Hannah Green Charles River Labs has a new facility coming to Somerville next month. The Wilmington-based contract research company is opening a Charles River Accelerator and Development Lab (CRADL) site on Chestnut Street in Somerville at the end of July. Charles River Laboratories International Inc. (NYSE: CRL) provides products and services to pharma and biotech companies to […]
By Dana Gerber Welch’s is pouring one out for Concord, Mass., the town where Ephraim Wales Bull first cultivated its namesake grape in 1849, as it prepares to move its headquarters about 10 miles southeast to Waltham. The fruit juice company announced plans on Wednesday to relocate its headquarters to a 60,000-square-foot space in Waltham’s […]
