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More business headlines


Wall Street rebounds after another day of yo-yo trading

Wall Street rebounded on Tuesday, and the S&P 500 more than made up all its losses from the day before, after stocks pinballed through another day of erratic trading.

First COVID-19 vaccine tested in US poised for final testing

The first COVID-19 vaccine tested in the US, which was co-developed by Cambridge-based Moderna, revved up people’s immune systems just the way scientists had hoped, researchers reported Tuesday, as the shots are poised to begin key final testing.

Florida tops virus death mark; Britain, France mandate masks

Florida surpassed its daily record for coronavirus deaths Tuesday and Britain and France announced a requirement for people to wear masks in public indoor spaces, amid rising global worries about a resurgence of the pandemic.

Developer plans to turn a huge vacant building along the Mass. Pike into an ‘innovation village’

The warehouse on Lincoln Street in Brighton would house apartments, offices, and lab space.

Seaport protesters call for more inclusion in tech and biotech

Action for Equity, which organized the event, decries the underrepresentation of people of color in higher-paying jobs.

State sues Uber and Lyft, saying they cheat drivers by calling them contractors

“Uber and Lyft have gotten a free ride for far too long,” Attorney General Maura Healey said.


Millions have lost health insurance in pandemic-driven recession

The coronavirus pandemic stripped an estimated 5.4 million American workers of their health insurance between February and May, a stretch in which more adults became uninsured because of job losses than have ever lost coverage in a single year, according to a new analysis.

Plastic bag bans are back, and retailers are scrambling to restock alternatives

Restrictions on single-use plastic bags in dozens of municipalities are now back in effect after being suspended by the state for nearly four months. But retailers are hoping cities and towns will delay the enforcement of these local rules and fees to help ensure a smooth transition.

Fed’s support for corporate debt has been a Wall Street bonanza

The Federal Reserve’s extraordinary effort to keep credit flowing to companies during the COVID-19 pandemic is also shunting money to banks’ bottom lines.

Brexit is back: UK aims to prepare public for Jan 1 EU break

The British government told individuals and businesses Monday to get ready for new costs and red tape — but also an exciting “new start” — when the U.K. leaves the European Union’s economic embrace in less than six months.

Workers are pushed to the brink as they continue to wait for delayed unemployment payments

Workers are pushed to the brink as they continue to wait for delayed unemployment payments

Talking Points

PepsiCo jumps after Cheetos-Hungry Americans stock up on comfort

PepsiCo Inc. reported a stronger-than-expected spring as homebound consumers looking for comfort stocked up on snack foods -- and its current-quarter forecast was even more bullish.

US budget deficit hits all-time high of $864 billion in June

The federal government incurred the biggest monthly budget deficit in history in June as spending on programs to combat the coronavirus recession exploded while millions of job losses cut into tax revenues.