Moderna has opened its new, larger headquarters in Cambridge
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 […]
Local biotech exec joins Dutch VC firm that plans to open first U.S. office in Boston
By Hannah Green The former CEO of Dyne Therapeutics Inc. has joined Forbion as the life sciences venture capital firm announced plans to expand its U.S. presence by opening a Boston office. Josh Brumm, formerly of Dyne and a newly named general partner at Forbion, said the Boston office “really does have a chance to impact the […]
One top hybrid-work worry is coming to fruition
By Marq Burnett As the hybrid era ramped up after the pandemic, experts warned that proximity bias would be difficult to avoid. Now that employers are in the midst of their hybrid models — and some are even moving past them — new data suggests fears about proximity bias, or the tendency to gravitate toward employees who are physically […]
Eastern Bank names new board members ahead of Cambridge Trust merger
By Trajan Warren Just ahead of its expected completion of merging with Cambridge Trust, Eastern Bank has announced four Cambridge Trust board members who will join Eastern’s Boards of Directors upon closure of the deal. When the merger is completed, Denis Sheahan, current chairman, president and CEO of Cambridge, will join Eastern’s Board of Directors, along […]
BU buys Allston site approved for 17-story residential tower
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 […]
Fed’s Key Inflation Gauges May Offer Path to Rate Cuts
By Vince Golle and Craig Stirling The Federal Reserve’s favored inflation yardsticks are poised to show the tamest monthly advances since late last year — a stepping stone for officials to begin lowering interest rates, possibly as soon as September. Economists expect no change in the May personal consumption expenditures price index and a minimal 0.1% gain in the core measure that excludes […]