Biogen stock climbs on strong Alzheimer’s drug sales

The Cambridge firm on Wednesday reported a first-quarter profit that exceeded estimates as it cut costs and sales of its closely watched Alzheimer’s drug, Leqembi, surpassed expectations. 7:56 a.m.

Vegetarian fast food chain Clover is emerging from bankruptcy — with an eye on expanding

The chain has pared expenses but held onto most of its suppliers and workers. 6:18 a.m.

innovation economy

AI talent is leaving Massachusetts. The state is hustling to catch up.

Many tech entrepreneurs, particularly in AI-related software, leave the Boston area for places like San Francisco and New York. 6:16 a.m.

Senate passes bill forcing TikTok’s parent company to sell or face ban, sends to Biden for signature

The contentious move by lawmakers is expected to face legal challenges and disrupt the lives of content creators who rely on the short-form video app for income. 6:02 a.m.

ADDRESS

‘Mortgage rate lock’ keeps buyers parked in homes they no longer want

“It’s pretty hard to trade up today. You’re going to pay more for the house, and you’re going to pay much more for the mortgage.” 6:00 a.m.

TALKING POINTS

Settlement over realtor fees gets preliminary approval

Stories you may have missed from the world of business. 7:56 p.m.

‘It’s just where I belong’: Taunton nurses, community members hold rally amid Steward crisis

Dozens of medical professionals, community members, and local officials gathered Tuesday at a Taunton park, calling for Steward Health Care to keep Morton Hospital open. 6:43 p.m.

GM reports big jump in profit on gasoline car sales

The company saw slow growth in electric vehicles, but robust sales of internal combustion vehicles, especially pickup trucks, helped raise its profit to $3 billion in the first quarter, a 24 percent jump from a year earlier. 5:12 p.m.

Nonprofit, residents continuing with lawsuit over White Stadium redevelopment plan

A Suffolk Superior Court judge last month rejected the plaintiffs' request for a preliminary injunction to temporarily pause any progress on the project until the lawsuit could be resolved. 5:07 p.m.

Starbucks appears likely to win Supreme Court dispute with federal labor agency

The case that made it to the high court began in February 2022, when Starbucks fired seven workers who were trying to unionize their Tennessee store. 5:05 p.m.

GE Aerospace raises earnings goal on strong engine sales

Operating profit this year will reach $6.2 billion to $6.6 billion, GE said in a statement on Tuesday, raising its guidance from as much as $6.5 billion. 5:05 p.m.

New federal rule would bar companies from forcing ‘noncompete’ agreements on employees

According to the Federal Trade Commission, 30 million people — roughly one in five workers — are now subject to such restrictions. 3:21 p.m.

innovation beat

Fidelity spinoff Volition Capital is the rare Boston VC firm expanding in 2024

Last year, Volition raised $675 million for its fifth and largest fund, which is keeping founders Sean Cantwell, Larry Cheng, and Roger Hurwitz busier than ever. 3:00 p.m.

Don Wright, editorial cartoonist with a skewer for a pen, dies at 90

In a 45-year career, Mr. Wright drew some 11,000 cartoons for The Miami News and The Palm Beach Post, but through syndication he reached a readership far beyond Florida. 1:15 p.m.