More business headlines
Its beach nearly gone, waterfront home on Nantucket sells for just $600k. What does the sale say about the island’s future?
The property was first listed in September for nearly $2.3 million. But after the shoreline lost a stunning 70 feet to erosion in just a matter of weeks, putting the home at imminent risk, the price plunged to $600,000 by year’s end.
VP Harris says US agencies must show their AI tools aren’t harming people’s safety or rights
US federal agencies must show that their artificial intelligence tools aren’t harming the public, or stop using them, under new rules unveiled by the White House.
China lifts heavy tariffs on Australian wine as ties improve
China imposed tariffs on Australian wine in 2020 during a diplomatic feud over Australia's support for a global inquiry into the origins of COVID-19. The duties on Australian wine skyrocketed above 200 percent.
Steward plan to sell doctors network comes under scrutiny from federal and state lawmakers
Attorney General Andrea Joy Campbell will be “evaluating the role of for-profit actors in the state’s health care industry in the future.”
Settlement reached in lawsuit between Disney and Florida Governor Ron DeSantis’ allies
The settlement ends almost two years of litigation that was sparked by DeSantis’ takeover of Walt Disney World’s governing district from Disney supporters following the company’s opposition to Florida’s so-called “Don’t Say Gay” law.
New proposals spark hope that offshore wind will pick up speed
Four developers have filed bids to build wind farms off the southern coast of New England, offering hope that a nascent industry can be sparked back to life after stalling out amid rising costs.
GBH warns of possible layoffs as it faces ‘financial headwinds’
GBH’s warning of potential layoffs came a day after Boston’s other NPR news station, WBUR, offered buyouts to staff.
TikTok is under investigation by the FTC over data practices and could face a lawsuit
The investigation is the latest battle in Washington for the social media company, which is already fighting against a federal bill that could ban the platform in the United States if it doesn’t break ties with its Beijing-based parent company, ByteDance.
Meta is failing to curb anti-trans hate, report says
Social media posts catalogued by the LGBTQ advocacy group GLAAD included calls for the violent extermination of transgender people as well as descriptions of trans and gender nonconforming people as “satanic,” “sexual predators,” “terrorists,” “mentally ill,” and “perverts.”
How the Key Bridge collapse will disrupt the supply of cars, coal, and tofu
The collapse has caused a suspension of vessel traffic that will disrupt a key trade lane and threaten to further tangle already-stressed supply chains.
Blackstone to invest up to $750 million in Moderna to develop new vaccines
Moderna, one of the state’s largest biotechs, is trying to diversify its revenue stream after a global plunge in demand for COVID products last year.
BOLD TYPES
What is the future of the T? Jarred Johnson and TransitMatters have some ideas.
The executive director of the transit advocacy group believes in a “data-driven but people-centered” approach to fixing the T.
ENERGY
New England’s last coal plants to close
The president and CEO of Granite Shore Power said Schiller Station in Portsmouth, N.H., will voluntarily stop operating in June 2025, and Merrimack Station in Bow, N.H., will stop in June 2028.
New drug from Waltham company authorized for emergency use to protect immunocompromised patients from COVID
Invivyd Inc. announced on March 22 that its monoclonal antibody, Pemgarda, had received emergency use authorization from the US Food and Drug Administration.
MCCA to halt development plans for Southie land after prior leadership shared info with one bidder
The new head of the MCCA said a law firm she hired to examine the bidding for the lots near the BCEC uncovered examples of documents shared with a team led by Cronin Development and not with rival Boston Global Investors, or the general public.
ADDRESS
Home of the Week: A slice of paradise along the Provincetown shore
This one-bedroom, one-bath condo is close to attractions, but also offers tranquility with private deck and beach.