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☆ The last Sears in the New York area is closing. Just over a dozen remain in America
▼ + stars: | 2024-01-11 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Sears’ last-remaining store in the New York metro area is closing, bringing the number of Sears locations still in existence down to about a dozen. Following the shuttering of the Jersey City location, the closest Sears for the New York metro area shoppers is 227 miles away in Braintree, Massachusetts. Now, there are only just over a dozen Sears remaining in the continental US. Sears is owned by hedge fund operator Eddie Lampert’s company Transformco. Some suggest that Lampert used the Sears acquisition as a play in the real estate market.

Persons: New York CNN — Sears ’, wasn’t, Sears, Eddie Lampert’s, Lampert, Samantha Delouya Organizations: New, New York CNN, Sears, Kmart, CNN Locations: New York, Jersey City, Manhattan, Newport, Mall, New Jersey, Braintree , Massachusetts, Burbank , California, Washington

☆ New England Patriots coach Bill Belichick leaving team after 6 Super Bowl rings
▼ + stars: | 2024-01-11 | by ( David K. Li | ) www.cnbc.com time to read: +4 min

Bill Belichick of the New England Patriots looks on against the Indianapolis Colts of the 2015 AFC Championship Game at Gillette Stadium last Sunday. Getty ImagesBill Belichick "amicably" stepped down as coach of the New England Patriots, ending a decadeslong run that produced an unprecedented six Super Bowl victories, he and the club said on Thursday. "I'm very proud that our partnership lated 24 years," Kraft said standing next to his now-former head coach. Bill Belichick, head coach of the New England Patriots holds the Vince Lombardi trophy after winning Super Bowl XXXVIII, 01 February 2004 at Reliant Stadium in Houston, Texas. Jeff Haynes | AFP | Getty ImagesNew England Patriots head coach Bill Belichick looks on in the first half at Gillette Stadium on January 07, 2024 in Foxborough, Massachusetts.

Persons: Bill Belichick, Tom Brady, Robert Kraft, Kraft, Belichick, I've, Maddie Meyer, Belichick nonchalantly, he's, Vince Lombardi, Jeff Haynes, Winslow Townson Organizations: New England Patriots, Indianapolis Colts, Gillette, Getty, Patriots, Gillette Stadium, ESPN, Players, NFL, Kansas City Chiefs, Pats, Reliant, Carolina Panthers, AFP Locations: Foxborough , Massachusetts, Houston , Texas

☆ The great wealth 'realignment': Affluent people keep moving from NY and SF to cheaper, warmer places
▼ + stars: | 2024-01-07 | by ( Zoe Rosenberg | ) www.businessinsider.com time to read: +6 min

Wealthy people are moving to states including Florida, Texas, North Carolina, and Tennessee. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . Florida, Texas, and North Carolina are popular destinations for more than just the wealthy. The reshuffling of wealth is making historically cheaper states more expensiveIn Miami, in particular, this reshuffling of wealth has ushered in an era of unaffordability. "Miami and most of Southeast Florida have rebranded into more luxury markets," housing expert Jonathan Miller told BI in September.

Persons: They've, —, SmartAsset, Ken Griffin, Jeff Bezos, Alexander Tamargo, Indxx, AllianceBernstein, Charlotte, Goldman Sachs, Griffin, plunked, Jeffrey Greenberg, Jared Kushner, Ivanka Trump, Carl Icahn, Elon Musk, he's, Jonathan Miller, Bezos, Kushner, Trump, Dina Goldentayer, Dina Goldentayer Dina Goldentayer, Zillow Organizations: Service, Bloomberg, Austin, Citadel, Amazon, Allspring Global Investments, Oracle, Tesla, Dallas ., Company, Universal, Getty, Miami Locations: Florida , Texas, North Carolina, Tennessee, Miami, Florida, New York, California, Florida , Tennessee, New Jersey , Massachusetts, Dallas, Nashville, Charlotte, New York City, Texas, Miami Beach, Chicago, San Francisco, Austin, Coconut Grove, Southeast Florida

☆ One health-insurance startup is bucking the industrywide funding slowdown
▼ + stars: | 2024-01-04 | by ( ) www.businessinsider.com time to read: +3 min

Read previewThe insurance startup Devoted Health managed to raise another $175 million last week despite the venture-capital downturn. Devoted has raised more than $2 billion in funding to date. Funding raised by Devoted and other health-insurance startups isn't included in these figures. New funding follows rapid growthDevoted said the Series E funding round came after a year of fast growth. The round was led by a syndicate that included The Space Between, Highbury Holdings, GIC, Stardust Equity, Maverick Ventures, and Fearless Ventures, Devoted said.

Persons: —, Bill Evans, megadeals, Oscar, Andreessen Horowitz, Catalyst Organizations: Service, Business, Rock Health Capital, Rock Health, Bright, Clover Health, Oscar Health, Highbury Holdings, Stardust Equity, Maverick Ventures, Fearless Ventures, Socium Ventures, Emerson, Prime Capital Partners, GreatPoint Ventures Locations: Waltham , Massachusetts

☆ New change to 529 college savings plans has ‘so many caveats,’ advisor says. Here's what to know
▼ + stars: | 2024-01-03 | by ( Kate Dore | Cfp | ) www.cnbc.com time to read: +1 min

Nancy Ney | Photodisc | Getty ImagesThe downsides of 529-to-Roth IRA rolloversThe biggest downside of a 529-to-Roth IRA rollover is the conversion counts toward your annual IRA contribution limit, which may stunt future growth across both accounts, according to Loyd. "If my kids are pulling money from their 529 to make Roth contributions down the road, Daddy's not going to be happy." If my kids are pulling money from their 529 to make Roth contributions down the road, Daddy's not going to be happy. There's a lifetime cap of $35,000 for 529-to-Roth IRA rollovers, which means it would take five years of $7,000 conversions to reach the limit. Generally, it's better to keep the money growing in a 529 plan and contribute to a Roth IRA separately because you can change 529 plan beneficiaries, Loyd said.

Persons: Nancy Ney, Photodisc, Roth, Loyd, John Loyd, There's, Jim Guarino, Baker Newman Noyes Organizations: Roth IRA Locations: Daddy's, Woburn , Massachusetts

Dumpling Daughter CEO Nadia Liu Spellman didn't grow up in your average family-owned restaurant. That upbringing taught Liu Spellman the value of sharing authentic Chinese cuisine and inspired her to open her first Dumpling Daughter storefront in 2014. Liu Spellman married her childhood sweetheart, Kyle Spellman, and moved back to Boston at the end of 2010, the year after her father died. Three months after opening, Dumpling Daughter had lines "out the door and around the building" and frequently sold out, Liu Spellman says. Liu Spellman filed a federal lawsuit, and the competitors quickly asked to settle.

Persons: Dumpling, Nadia Liu Spellman didn't, Sally Ling's, Julia Child, Liu Spellman, Liu Spellman's, didn't, Edward Nan Liuand, Sally Ling, Nadia Liu Spellman, Sally, Kyle Spellman, —, … Organizations: Amazon, CNBC, Weston , Massachusetts . Press Locations: Boston, New York City, Fort Lee , New Jersey, Weston , Massachusetts

☆ The CEO of an A16z-backed healthcare startup is pitching a better way to save money on obesity care
▼ + stars: | 2023-12-29 | by ( ) www.businessinsider.com time to read: +8 min

Boyarsky Pratt said about 35% of Knownwell's patients come for primary care, while the rest see the company's providers for their metabolic health. They can prescribe GLP-1 drugs, but they're just one tool the company uses to treat obesity, Boyarsky Pratt said. It's also planning to partner with more health systems to help them expand access to weight care. It partners with one large system in Massachusetts now, but Boyarsky Pratt declined to disclose which one. "The data shows that the earlier patients get into a comprehensive treatment, the better for the long-term course of the disease," Boyarsky Pratt said.

Persons: —, Brooke Boyarsky Pratt, Andreessen Horowitz, Boyarsky Pratt, Knownwell, Angela Fitch, Berkadia, Fitch, Needham, Boyarsky Platt, they'd, Michael Siluk, It's Organizations: Service, Business, GLP, BMI, Medicare, Obesity Medicine Association . Obesity Medicine, University of Pennsylvania, Harvard Business School, Berkshire Hathaway, Obesity Medicine Association, Weight, Flare Capital Partners, Staff, Getty, American Academy of Pediatrics Locations: Boston, GLP, Massachusetts, Knownwell, Needham , Massachusetts, telehealth

☆ US job openings hit more than 2-1/2-year low as labor market cools
▼ + stars: | 2023-12-05 | by ( Lucia Mutikani | ) www.reuters.com time to read: +6 min

Economists polled by Reuters had forecast 9.30 million job openings in October. Job openings decreased by 168,000 in the finance and insurance industry, while real estate, rental and leasing had 49,000 fewer positions. The job openings rate dropped to 5.3% from 5.6% in September. "The current state of the labor market suggests no further recalibration is necessary to bring the labor market back into balance," said Nick Bunker, director of economics research at Indeed Hiring Lab. They also described the labor market as remaining "very competitive," and "trying to get to full staff levels."

Persons: Brian Snyder, Rubeela Farooqi, Nick Bunker, Conrad DeQuadros, November's, Bill Adams, Lucia Mutikani, Chizu Organizations: Taylor Party, Equipment Rentals, REUTERS, Labor, Survey, Labor Department's Bureau of Labor Statistics, Reuters, Treasury, Brean, Institute for Supply Management, PMI, United Auto Workers, UAW, Comerica Bank, Thomson Locations: Somerville , Massachusetts, U.S, WASHINGTON, White Plains , New York, South, Midwest, New York, East, Dallas

☆ Trucking firm XPO to buy bankrupt Yellow's service centers for $870 mln
▼ + stars: | 2023-12-05 | by ( ) www.reuters.com time to read: +2 min

Yellow Corp. trailers sit idle at a YRC shipping facility in North Reading, Massachusetts, U.S., August 16, 2023. REUTERS/Brian Snyder/File Photo Acquire Licensing RightsDec 5 (Reuters) - Trucking company XPO Inc (XPO.N) won a bid to buy 28 service centers of bankrupt Yellow Corp for $870 million in a closely watched auction of the nearly 100-year-old firm's assets. Yellow, formerly known as YRC, filed for Chapter 11 bankruptcy protection in August after blaming the International Brotherhood of Teamsters union for its demise. The U.S. Bankruptcy Court in Delaware will hold a hearing on Dec. 12 to approve the bids. Yellow's bankruptcy process was closely watched after its demise potentially saddled U.S. taxpayers with losses stemming from a government rescue.

Persons: Brian Snyder, XPO, Jonathan Chappell, XPO's, Aishwarya Jain, Pooja Desai, Krishna Chandra Organizations: Yellow Corp, REUTERS, Trucking, XPO Inc, International Brotherhood of Teamsters, Walmart, Evercore ISI, Estes Express Lines, Swift Transportation Holdings, U.S, Bankruptcy, Thomson Locations: North Reading , Massachusetts, U.S, North America, Delaware

watch nowHigh schools have been buzzing about financial education. They earned an "A" because in those states, high school graduates in the class of 2023 were required to have taken a personal finance course before graduation. Studies show personal finance education can make a significant difference in young adults' financial behaviors, from improving credit scores and lowering loan delinquency rates to reducing payday lending and helping students make better decisions about college loans. A few states still have 'virtually no requirements'Meanwhile, four states — California, Connecticut, Massachusetts and South Dakota — as well as Washington, D.C., got failing grades, receiving "F"s in this report because they have "virtually no requirements" for personal finance education in high school. Still, advocates in "failing" states, such as California, are working to change the laws to ensure students are guaranteed financial education.

Persons: Virginia —, John Pelletier, Champlain, " Pelletier Organizations: Center for Financial, Champlain College, Champlain College's Center, Financial, South Dakota —, D.C Locations: Burlington , Vermont, — Alabama, Iowa , Mississippi , Missouri , Tennessee , Utah, Virginia, U.S, — California , Connecticut , Massachusetts, South Dakota, Washington, California

The United States will work with other governments to speed up efforts to make nuclear fusion a new source of carbon-free energy, U.S. Kerry spoke at the Atlantic Council Global Energy Forum. In southern France, 35 nations are collaborating on an experimental machine to harness fusion energy, the International Thermonuclear Experimental Reactor, to prove the feasibility of fusion as a large-scale, carbon-free source of energy. The global nuclear industry launched an initiative at COP28 for nations to pledge to triple this kind of nuclear energy by 2050. Commonwealth Fusion was founded in 2018 by researchers and students from the Massachusetts Institute of Technology Plasma Science and Fusion Center.

Persons: John Kerry, ” Kerry, Kerry, Andrew Holland, Dennis Whyte, Whyte, Edwin Lyman, Lyman, Bob Mumgaard, Mumgaard, it's Organizations: Climate, Atlantic Council Global Energy Forum, United Kingdom, United States, International, Reactor, Fusion Industry Association, Dubai, Commonwealth Fusion Systems, United, United Arab Emirates, Fusion, Lawrence Livermore National Laboratory, Commonwealth Fusion, Massachusetts Institute of Technology Plasma Science, MIT, Commonwealth, Plasma Science, Fusion Center, Union of, Scientists, Washington, ARC, SPARC, AP Locations: States, U.S, Dubai, U.N, United States, France, Japan, Europe, China, Russia, Devens , Massachusetts, COP28, United Arab, Commonwealth, California

☆ Remains of five other airmen found from Osprey that crashed in Japan, Air Force says
▼ + stars: | 2023-12-04 | by ( Colin Mccullough | ) edition.cnn.com time to read: +2 min

CNN —Wreckage and remains from a United States Air Force CV-22B Osprey that crashed off the coast of Yakushima Island, Japan, last week were discovered on Monday, according to a statement from Air Force Special Operations Command. The AFSOC said their main priority is “bringing the Airmen home and taking care of their family members.”The remains of one airman aboard, 24-year-old Staff Sgt. The remains of five other airmen aboard were found, AFSOC said Monday. The CV-22 Osprey was conducting a “routine training mission” at the time of the “mishap”, the Air Force said previously. The Osprey has a history of mechanical and operational issues, and has been involved in several fatal incidents over the last 30 years.

Persons: ”, AFSOC, Jacob M, Jorge Hernandez Organizations: CNN, United States Air Force, Air Force Special Operations Command, Air Force, Marine, Marine Corps Times Locations: Yakushima Island, Japan, U.S, Yakushima, Pittsfield , Massachusetts, Australia

TOKYO (AP) — U.S. and Japanese divers have discovered wreckage and remains of five crew members from a U.S. Air Force Osprey aircraft that crashed last week off southwestern Japan, the Air Force announced Monday. The Air Force Special Operations Command said two of the five newly located remains have been recovered but their identities have yet to be determined. Political Cartoons View All 1277 ImagesThe U.S. military identified the one confirmed victim as Air Force Staff Sgt. Ospreys have had a number of crashes, including in Japan, where they are used at U.S. and Japanese military bases, and the latest accident rekindled safety concerns. Japanese officials say they have asked the U.S. military to resume Osprey flights only after ensuring their safety.

Persons: Jacob Galliher, Denny Tamaki Organizations: TOKYO, —, U.S . Air Force Osprey, Air Force, Air Force Special, Command, Air Force Staff, Japan's NHK, U.S, The, Ospreys, Pentagon, Forces Agreement, Okinawa Gov Locations: Japan, U.S, Pittsfield , Massachusetts, The U.S, Okinawa

☆ Blackstone explores sale of Anthos Therapeutics -sources
▼ + stars: | 2023-12-04 | by ( David Carnevali | ) www.reuters.com time to read: +2 min

Signage is seen outside the Blackstone Group headquarters in New York City, U.S., January 18, 2023. Anthos, which does not generate any revenue because its products have not yet hit the market, could be worth several billion dollars in a potential sale, significantly more than the $250 million that Blackstone invested when it founded Anthos in 2019, the sources said. The company's anticoagulants have made significant progress in late-stage clinical trials, the sources added. Blackstone is working with investment bankers to explore a sale of Anthos, the sources said, cautioning that no deal is certain and requesting anonymity because the matter is confidential. Anthos has licensed from Novartis an antibody used in the development of its blood thinners and granted it a minority stake.

Persons: Blackstone, Anthos, Bayer, Eliquis, David Carnevali, Leslie Adler Organizations: Blackstone Group, REUTERS, Blackstone Inc, Anthos Therapeutics, Novartis AG, Novartis, Myers Squibb, Alnylam Pharmaceuticals, Thomson Locations: New York City, U.S, Cambridge , Massachusetts, Anthos, Bristol, German, New York

☆ Thomas Randele makes deathbed confession: He was 1969 bank robber Ted Conrad
▼ + stars: | 2023-12-03 | by ( Faith Karimi | ) edition.cnn.com time to read: +11 min

More than 50 years earlier, when he was 20 years old, he’d robbed an Ohio bank of $215,000. A day or so after her father’s shocking revelation, Ashley told CNN she pulled her mother Kathy aside and told her. Theodore "Ted" Conrad was an unassuming bank teller when he strolled out of an Ohio bank with more than $200,000. And I also wanted to learn about Ted Conrad, the bank robber, and Tom Randele, my dad,” she told CNN. Someone had sent his obituary to a crime reporter in Ohio with a note saying the deceased man was likely Conrad, Ashley Randele said.

Persons: CNN — Thomas Randele, he’d, Thomas Randele, Theodore Conrad, Ashley Randele, “ I’m, Ted Conrad, ’ ”, Thomas, “, ‘, they’re, Ashley, Kathy, ” Ashley Randele, Kathy Randele, ”, Steve McQueen, D.B, Cooper, Conrad, —, Theodore, Ted, Ross Anthony Willis, spotlighted, Thomas Crown, Pierce Brosnan, He’d, didn’t, ” Randele, Carl B, Ken Blaze, she’d, Tom Randele, Randele, Pete Elliott, Elliott, John Elliott, Robin Hood Organizations: CNN, National Bank, Fairfax Media, Stokes, Courthouse, Randele Locations: Boston, Ohio, ’, Lynnfield , Massachusetts, Cleveland, Pacific Northwest, Washington ,, Los Angeles, California, Hawaii , Texas, Oregon, Massachusetts, France, United States, Lynnfield

☆ Maker of Wegovy, Ozempic showers money on U.S. obesity doctors
▼ + stars: | 2023-12-01 | by ( ) www.reuters.com time to read: +23 min

Novo spent at least $25.8 million over the past decade on U.S. medical professionals to promote its two obesity drugs, Wegovy and Saxenda, the analysis found. Jastreboff has also worked on clinical trials of obesity drugs for Eli Lilly, which markets a Wegovy competitor. Some doctors said Novo’s payments exemplify how the flood of industry money can dominate decision-making about care and coverage. Government pharmacy officer Solaru said her agency concluded that the new obesity drugs could be cost-effective by preventing other weight-related diseases and boosting workplace productivity. In January, the personnel office told its health plans they must cover at least one GLP-1 obesity drug for 8 million workers, retirees and family members.

Persons: Lee Kaplan, Kaplan, ”, gastroenterologist, He’s, Novo, Donna Ryan, Ryan, “, ” Kaplan, ” Novo, Robert Lustig, “ I’m, Lustig, They’re, Ania, ” Jastreboff, Jastreboff, Eli Lilly, Lilly’s Zepbound, Lilly, ” Lilly, Novo’s, Ayana, Sanders, Arthur Kellermann, ” Kellermann, mouthpieces, ’ ”, “ I'm, Jamy Ard, Ard, Dele, ” Solaru, ” Ryan, Scott Kahan, Kahan, Solaru, Christine Gallagher, Wegovy, Rebekah Carl, Carl, Jen Wexler, gaunt, Wexler Organizations: Novo Nordisk, Dartmouth, Nutrition Institute, Massachusetts General Hospital, Harvard Medical School, Reuters, Cambridge, Obesity Society, U.S ., Management, Reuters . Pharmaceutical, ”, U.S, United, National Health Service, University of California, U.S . Food, Drug Administration, Doctors, Wegovy’s, BMI, Yale University’s Center, Weight Management, Wall Street, American Medical Association, Rutgers University’s School of Public Health, Affordable, . Pharmaceutical, Companies, Uniformed Services University of Health Sciences, Wake Forest University, Wake Forest Baptist Health Weight Management, Obesity, Pennington Biomedical Research, U.S . National Institutes of Health, Personnel Management, Coalition, STOP, George Washington University, Novo Locations: CAMBRIDGE, Massachusetts, Boston, U.S, Novo, Danish, United States, Louisiana, San Francisco, Wegovy, Pennington, Baton Rouge , Louisiana, Government, New Columbia , Pennsylvania, Florida

☆ American Airlines let a flight attendant delete 'evidence' after filming a teen girl with a hidden camera in an airplane bathroom, new lawsuit alleges
▼ + stars: | 2023-12-01 | by ( Natalie Musumeci | Kenneth Niemeyer | ) www.businessinsider.com time to read: +8 min

A new lawsuit alleges that an American Airlines flight attendant hid a camera inside a plane bathroom. The suit alleges that the flight attendant used a cell phone to film a 14-year-old in the bathroom. AdvertisementA lawsuit filed on Friday alleges that an American Airlines flight attendant used a hidden bathroom cell phone to film a 14-year-old girl and that the airline gave the staffer enough time to "destroy" any "incriminating evidence." The lawsuit alleges that the teen's father went after the flight attendant who led his daughter to the first-class bathroom and demanded to see his phone. I have nothing to do with this," the employee told the dad, the lawsuit alleges.

Persons: —, Jane Doe, begrudgingly, Erin Reding, Reding, negligently, haven't Organizations: American Airlines, Service, Business, North Carolina, American Airlines Group, FBI, Airlines Locations: Charlotte , North Carolina, Boston , Massachusetts, Charlotte, Boston

☆ AbbVie to buy cancer drugmaker ImmunoGen for $10 billion as Humira faces heat
▼ + stars: | 2023-11-30 | by ( ) www.reuters.com time to read: +2 min

REUTERS/Brian Snyder/File Photo Acquire Licensing RightsNov 30 (Reuters) - AbbVie (ABBV.N) will buy ImmunoGen (IMGN.O) for $10.1 billion in cash, it said on Thursday, the latest major drugmaker to buy a developer of 'guided missile' cancer therapies as the company's top-seller Humira grapples with fierce competition. ImmunoGen's Elahere belongs to a new class of treatments called antibody-drug conjugates (ADC) that precisely targets cancer cells, potentially reducing toxicity for other cells. The drug, approved for ovarian cancer patients who have received previous therapies, is also being tested in earlier lines of treatment. AbbVie will also get access to Immunogen's follow-on pipeline of ADCs, including early-stage ovarian cancer candidate IMGN-151 and a mid-stage drug pivekimab sunirine for a rare type of blood cancer. Meanwhile, AbbVie's cancer drugs sales declined more than 8% in the third quarter to $1.51 billion, primarily due to increased competition to Imbruvica.

Persons: Brian Snyder, ImmunoGen's Elahere, AbbVie, IMGN, pivekimab, Immuogen stock's, Immunogen's, Elahere, Imbruvica, Manas Mishra, Leroy Leo, Shinjini Ganguli Organizations: REUTERS, Pfizer, Merck, U.S, Thomson Locations: Cambridge , Massachusetts, U.S, Bengaluru

☆ Covid vaccine rates in the U.S. are slumping — and it will be a challenge to boost them
▼ + stars: | 2023-11-30 | by ( Annika Kim Constantino | ) www.cnbc.com time to read: +10 min

In this article PFEMRNANVAX Follow your favorite stocks CREATE FREE ACCOUNTA sign advertises Covid vaccine shots at a Walgreens Pharmacy in Somerville, Massachusetts, on Aug. 14, 2023. Brian Snyder | ReutersThree years into the Covid-19 pandemic, few Americans are rolling up their sleeves to get a Covid vaccine. Experts and vaccine makers can agree that low Covid vaccination rates are concerning, even as cases of the virus dwindle from their pandemic highs. However, Iovine of the University of Florida doesn't believe combination shots will have a significant effect on Covid vaccination rates. If combination shots don't do the trick, it's unclear what else could boost Covid vaccination rates down the line.

Persons: Brian Snyder, Ali Mokdad, Mokdad, Irfan Khan, Jennifer Kates, Brad Pollock, Nicole Iovine, epidemiologist, Iovine, Michael Yee, Albert Bourla, Arpa Garay, Garay, John Trizzino, Trizzino, Jamey Mock, Andrew Pekosz, Jefferies, Yee, doesn't Organizations: Walgreens, Reuters, Pfizer, Moderna, Centers for Disease Control, CDC, University of Washington, CVS Pharmacy, Los Angeles Times, KFF, UC Davis Health's, University of Florida, Jefferies, Arpa, CNBC, Istock, Getty, Johns Hopkins Bloomberg School of Public Health Locations: Somerville , Massachusetts, U.S, Novavax, Covid, Eagle Rock , California

AbbVie will pay around $10 billion to add a potential blockbuster cancer treatment as cheaper versions of the drugmaker’s all-time best seller, Humira, cut into sales. But company leaders cautioned Thursday that a return on the deal they announced for drug developer ImmunoGen will take time to develop. The deal delivers Elahere, an ImmunoGen ovarian cancer treatment that AbbVie says could eventually reap billions of dollars in annual sales and drive long-term revenue growth. AbbVie has been dealing this year with cheaper competition for its top seller, the autoimmune disease treatment Humira. AbbVie and ImmunoGen said Thursday that the boards of both companies have approved the transaction.

Persons: AbbVie, Elahere, Humira, ImmunoGen Organizations: Food and Drug Administration, Inc Locations: U.S, Waltham , Massachusetts, Chicago , Illinois

☆ Something is up with Spotify Wrapped's new feature — it's telling way too many people they belong in Burlington, Vermont
▼ + stars: | 2023-11-30 | by ( Kylie Kirschner | ) www.businessinsider.com time to read: +3 min

People first started noticing the trend on social media — when everyone started posting their Spotify Wrapped, as is tradition — and thought it was a glitch on Spotify's end. But it turns out that Burlington is just representative of the listening habits of a disproportionately high number of Spotify users. Advertisement"Did Your Spotify Wrapped Place You In Burlington, Berkeley, or Cambridge? You May Be Gay," Queer outlet Them wrote, referencing how queer Spotify users seemed to be getting overwhelmingly assigned to Burlington, Berkeley, or Cambridge. Berkeley was the Sound Town for 0.3% of all Spotify users, while 0.1% of users were assigned to Cambridge, Spotify told BI.

Persons: —, Father John Misty, Fiona Apple, Berkeley, Sebastian Cahill, Cahill Organizations: Service, Business, Spotify, Sound Town, Burlington : Locations: Burlington , Vermont, Burlington, That's, Burlington , Berkeley , California, Cambridge , Massachusetts, Burlington , Berkeley, Cambridge, Spotify's Sound, Burlington : San Luis Obispo , CA

☆ Feeling read by your Spotify city? You just have the musical taste of a depressed liberal college student.
▼ + stars: | 2023-11-30 | by ( Sebastian Cahill | ) www.businessinsider.com time to read: +3 min

Spotify Wrapped day is one of the most exciting holidays of the year. AdvertisementAh, Spotify Wrapped. Advertisement"Everyone complaining about getting Provo in their spotify wrapped needs to just accept the fact that they have terrible taste in music," said one commentator. "going to college in Davis and waking up seeing everyone bashing it because they got it on their spotify wrapped is so funny," said another X user. Other people theorized that the frequency of college towns being picked was due to the generally lower age range of Spotify users.

Persons: —, San Luis Obispo Organizations: Spotify, Service, Brigham Young University, University of Vermont, University of California, —, Provo, spotify Locations: Berkeley, Mexico City, screenshotting, provo, Burlington , Vermont, burlington, Madison , Wisconsin, Provo , Utah, Burlington ; Berkeley , California, Cambridge , Massachusetts, — Madison , Wisconsin, San Luis, Davis , California, Davis

☆ I'm a millennial who left Florida. Between the unbearable heat and the polarizing political climate, 'everything was making me think I should jump out of this.'
▼ + stars: | 2023-11-30 | by ( Jordan Pandy | ) www.businessinsider.com time to read: +6 min

Harmony Boyd, 28, moved from Plantation, Florida, to a suburb of Boston in September 2022. I do not think that there is a viable long-term future for anybody living in Florida right now. Everything was making me think I should jump out of this before it is too late for me to leave. Florida felt too ephemeral. The things I miss in Florida are a lot of stuff that are not really there anymore.

Persons: Harmony Boyd, Boyd, —, it's, I've, Chelsea, they're Organizations: Service, Nazi, Trump, Palatka Lean, Chelsea, Boston Locations: Plantation , Florida, Boston, Florida, It's, Massachusetts, Chelsea , Massachusetts, Plantation, Fort Lauderdale ., America, Palatka, North America, Chelsea, Lauderhill , Florida

☆ I moved to NYC right after college to work in fashion — but people were unfriendly and my dream turned into a nightmare
▼ + stars: | 2023-11-29 | by ( Robin Madell | ) www.businessinsider.com time to read: +7 min

Julia Fernsby moved to New York City from Ireland right after college to work in fashion. Her dream job was not what she envisioned, and the city felt overwhelming and unfriendly. Right after college, I moved to take what I thought was my dream job in New York City. My New York dream had turned into a nightmareI was alone when I woke up, alone when I ate lunch, alone at work, alone at home. My college mentor and I went out for a coffee and she suggested I do extensive research on what kind of job I'd enjoy.

Persons: Julia Fernsby, —, It's, who'd, Regina George, I'd Organizations: Service, Vogue, Central Park, Skype Locations: New York City, Ireland, Cohasset , Massachusetts, I've, Boston, New York, Central, Howth, Dublin, Brooklyn, Manhattan, York, Central Park

☆ Exclusive: Emirates tells Rolls-Royce: Go back to basics, put products first
▼ + stars: | 2023-11-29 | by ( Tim Hepher | ) www.reuters.com time to read: +5 min

Signs for Emirates airlines are stacked to the side at Logan Airport in Boston, Massachusetts, U.S., January 19, 2022. "If you have an engine ... not performing as it should do, your costs are going to rise. Get your product right, design it to what the client wants, give it that high level of reliability. And yes, paradoxically, you can extract more value for your money for your buck in terms of your investment." He brushed aside the idea of renegotiating existing engine contracts to raise hourly pricing, saying "don't go there".

Persons: Brian Snyder, Tufan Erginbilgic, Tim Clark, Clark, I've, Royce, Erginbilgic, we're, Tim Hepher, Sharon Singleton, Mark Potter Organizations: Emirates, Logan Airport, REUTERS, Rights, Dubai's, Royce, Reuters, Airbus, Boeing, Airlines, Raytheon Technologies, Thomson Locations: Boston , Massachusetts, U.S, Dubai's Emirates, British, Dubai

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