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52 Boston Startups Net $1.5 Billion+ In May

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Boston’s biotech industry raised more than $1.5 billion in venture capital funding in May, BostInno reported. BostInno reported that fundraising for new investments by venture capital and private equity firms was less but still evident. Below are the startups that raised capital in May, according to data compiled by BostInno.

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Boston Fed Chief Warns Of US Credit Tightening; Calls For More Aid

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economy could face a credit crunch as the weather gets colder if the coronavirus worsens, experts warn, Reuters reported. Without additional financial aid, all of these things could make it harder for both consumers and businesses to access credit, according to Boston Federal Reserve President Eric Rosengren. “I

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New Regulations Prompt Airbnb To Yank Boston Listings

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Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. In Boston, the new regulations are meant to stop the practice of investor units, which are properties that are used specifically for the purpose of short-term rentals.

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Airbnb, Eyeing IPO, Removes Boston Listings Due To New Regs

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Airbnb has removed thousands of listings in Boston in response to new regulations regarding residency in the city, according to a report by CNBC. In Boston, the new regulations are meant to stop the practice of investor units, which are properties that are used specifically for the purpose of short-term rentals.

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Boston Fed Chief Rosengren Expects Jobless Rate To ‘Rise Dramatically’

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Boston Federal Reserve President Eric Rosengren said on Wednesday (April 1) that despite the best efforts of politicians and central bankers to contain COVID-19’s economic impacts, the U.S. The Boston Fed chief said the central bank has already moved to help lessen the coronavirus pandemic’s economic harm.

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Today In Payments: Apple Seeks Punitive Damages Against Epic; Boston Telemedicine Company Amwell Prices IPO

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Boston Telemedicine Company Amwell Prices IPO. Amwell, the Boston-based telemedicine company, is planning to go public as the demand for virtual healthcare offerings skyrockets amid the coronavirus pandemic. Report: Grab In Talks To Raise Up To $500M. New Report: A Merchant's How-To Guide To Reopening Retail Stores.

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DraftKings To Merge, IPO At A $3.3B Market Value

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Online betting company DraftKings is merging with two other companies and going public, according to a report by the Boston Business Journal. Jason Robins, the co-founder and CEO of DraftKings, is going to run the new company, which will be incorporated in Nevada and keep its headquarters in Boston.

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