Business and Technology News

Business, Life Sciences, and Technology News

Flagship Pioneering founder and CEO Noubar Afeyan didn’t know a global pandemic was in the cards for 2020 when he and his team laid out three new thematic areas of focus for the company last fall. One proved eerily prescient: The notion of “health security,” or the development of new products and therapies to treat […]

Pandion Therapeutics emerged in 2018 aiming to reach clinic trials in two years testing its biologic drugs in autoimmune and inflammatory disorders. The company now has $80 million to support a lead program in early-stage testing and a pipeline of potential treatments. Access Biotechnology and Boxer Capital led the Series B round of funding announced […]

Johnson & Johnson’s global head of external innovation says there needs to be a shift in how healthcare research is funded to focus on early detection and curing rather than managing diseases. “When you look at the investment in research in the pharma industry, it’s all designed to treat established diseases,” William Hait, global head […]

Sanofi is joining the array of companies pursuing a COVID-19 vaccine based on messenger RNA (mRNA), an experimental genetic technology intended to coax the body’s cells into producing proteins that treat a disease or spark immunity to one. Sanofi (NYSE: SNY) announced Friday that it will develop COVID-19 vaccine candidates with Translate Bio (NASDAQ: TBIO), […]

Section Page news and features from Crain's New York Business

U.S. stocks slumped and the dollar gained after a plunge in hiring last month hinted at the extent of the pandemic’s toll on the world’s largest economy. Oil rallied on expected output curbs.The...

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The $177 billion state budget extends for businesses and avoids , as officials anticipate a $10 billion revenue hit from the coronavirus pandemic.Here are five budget updates likely to affect the...

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Upper West Side physical therapist Theresa Marko applied this morning for a loan under the federal government’s , the $350 billion plan to help keep . But Marko was turned down by Bank of America,...

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Mount Sinai Health System said its senior executives will take a 50% pay cut during the Covid-19 emergency so the system can shift millions of dollars to its pandemic response.In all, 14 executives...

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Carnegie Hall is projecting a $9 million operating deficit on its $104 million budget after canceling the rest of its season because of the pandemic and anticipates making changes to its schedule for...

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Shake Shack faces “outsized near-term risk” related to the impact of Covid-19, given its exposure to high-traffic, tourist areas and a lack of drive-thrus, analysts across Wall Street warned.The...

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The move could hamstring the Chinese tech giant if it prevents the firm’s customers from getting the latest versions of services such as Maps and Gmail.

Shareholders are voting on whether to push the tech giant to examine the human rights and financial risks of the surveillance technology.

Artificial intelligence may help doctors make more accurate readings of CT scans used to screen for lung cancer.

The great hope for people without a bachelor’s degree hasn’t yet spread beyond small-scale success stories.

When it comes to disinformation, all signs suggest the 2020 presidential campaign will make 2016 look like a mere test run, our columnist writes.

The price was relatively small, but the deal may have a big impact on the race between the United States and China to build more powerful computers.