The Biosecure Act could ban Chinese biotechs and hurt Mass. drug developers. But some see an opportunity for local R&D.By Hannah Green Driven by concerns over national security, the federal government is weighing a crackdown on Chinese biotechnology suppliers that would have far-reaching effects in the life sciences industry. The legislation, known as the Biosecure Act, would prevent biotech […]
by Justice Malala In 1994 south Africa provided some of the most joyous scenes of the late 20th century, when it elected Nelson Mandela as its first black president. The more or less peaceful transition from apartheid to multiracial democracy demonstrated what can happen when political enemies show courage and imagination. Yet as our Briefing this […]
By Ben Casselman The U.S. economy remained resilient early this year, with a strong job market fueling robust consumer spending. The trouble is that inflation was resilient, too. Gross domestic product, adjusted for inflation, increased at a 1.6 percent annual rate in the first three months of the year, the Commerce Department said on Thursday. That was […]
By Paul Krugman Do you remember the economy of the late 1990s? Or if you’re too young to remember it — I hope that’s true for at least some of my readers — what have you heard about it? You probably remember it as a time of prosperity — low unemployment and rapid economic growth combined […]
Treasury yields surged to their highest point this year on Monday, but instead of sparking a sell-off, they attracted a wave of new buyers. This unexpected turn of events reflects a shift in market expectations regarding the Federal Reserve’s interest rate policy. Earlier forecasts anticipated three rate cuts from the Fed in 2024. However, strong […]
By Viktoria Dendrinou and Christopher Condon US Treasury Secretary Janet Yellen said it’s “unlikely” that market interest rates will return to levels that prevailed before the Covid-19 pandemic triggered a wave of inflation and higher yields. Asked why White House projections released Monday showed markedly higher expectations for interest rates in coming years compared with projections a year ago, Yellen said the new numbers […]
By Nick Stoico President Biden has nominated former Boston mayor Martin J. Walsh to serve on the United States Postal Service’s board of governors, the White House said Thursday. Walsh, a Dorchester native, served in Biden’s cabinet as labor secretary until he left last year to become executive director of the National Hockey League Players’ […]
By Erik Sherman Anti-money laundering has become an ongoing topic for the Biden administration. The latest round of reports focuses in part on real estate. As a result, the Treasury Department has proposed new rules that would government CRE transactions. The report addressed real estate as part of a luxury and high-value goods category. “Money laundering through real estate can […]
By HOLLY DUTTON Six years ago, Opportunity Zones officially became a reality. The program was part of the Tax Cuts and Jobs Act of 2017, signed into law by former President Donald Trump in late December 2017. It was hailed as a success—a rare moment of bipartisanship that saw representatives on both sides of the […]
