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July 23, 2018

Money

'She-Village,' block of women-owned pop-up shops, opens in Seaport

A pop-up village opened Sunday in Boston’s Seaport District, and its first installment is the “She-Village” — a block of nine pop-up shops from female-founded brands. The pop-up village, officially named The Current, will operate on a rotational basis, with new stores connected by a common theme coming in every six months. Its permanent location is

Cambridge's Agios wins FDA approval for second cancer drug

The FDA approved a cancer drug from Agios Pharmaceuticals Inc. on Friday after a Phase 1 clinical study found it aided a small group of patients suffering from a rare type of leukemia. Cambridge-based Agios (Nasdaq: AGIO) is developing treatments for several types of cancer, including acute myeloid meukemia, or AML. The rare blood and

Facebook reportedly suspends Boston data startup Crimson Hexagon

Facebook Inc. has suspended Boston-based data startup Crimson Hexagon Inc. over concerns about how the company used public Facebook data, according to the Wall Street Journal. Crimson Hexagon has been suspended from accessing Facebook (Nasdaq: FB) and Instagram data while the social media giant conducts an investigation, according to the report. The investigation stemmed from

Boston car-sharing startup Lula Rides to relocate to Miami

Lula Rides, a Boston-based car-sharing startup that connects college students to other students who want to rent their vehicles, plans to relocate to Miami by May 2019. Lula Rides President Michael Vega-Sanz told the South Florida Business Journal that the company would start out in a local Regus or WeWork office space unless it finds

Massachusetts labor pool hits an 11-year high

The state’s labor pool hasn’t been this full since before the financial crisis, the Executive Office of Labor and Workforce Development reported Friday. Massachusetts’ labor force participation rate hit 66.9 percent in June, half a percentage point higher than the previous month, according to the agency. The statistic measures the percentage of state residents 16

Boston Scientific buys California stroke prevention startup for $220M

Boston Scientific Corp. announced Thursday that it will pay $220 million to buy Claret Medical Inc. and the system it has developed that reduces the risk of stroke during certain heart surgeries by 63 percent. Santa Rosa, California-based Claret received FDA approval last year to market the Sentinel Cerebral Embolic Protection System, which protects the brain

State Street makes tech splash with $2.6B Charles River buy

State Street Corp. said Friday it will buy Burlington-based investment management software maker Charles River Systems Inc. for $2.6 billion, a deal meant to bring the banking giant closer to its goal of being a market leader in financial services technology. The acquisition, an all-cash transaction expected to close in the fourth quarter, will give

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