Boston's music scene is changing | What makes an employee local? | A biotech's big week
Boston Business Journal
The Boston region's source for local business news & events. Part of the American City Business Journals network.
Welcome to the BBJ's LinkedIn Weekly Edition! I'm Digital Editor Jess Aloe, bringing you the top business stories from this week, plus what's going on in Boston's tech economy.
With two new venues, Boston’s concert scene is front and center
Boston may never be synonymous with music in the way that Nashville and Austin are. And it probably won't feature the long concert residencies for which Las Vegas is known. But with its massive number of college students —?prized by the music industry for their desire to go see shows — Boston more than holds its own.
Now, two-and-a-half years after the pandemic disrupted everything, two new midsize venues are opening this year, giving Boston an even better chance to compete for the biggest acts.
This week, Grant Welker took an in-depth look at Boston's growing music scene. Read the full story and get a glimpse inside the new venues.
Meanwhile, the owners of the iconic Cambridge club the Middle East unveiled plans to demolish the building and construct a six-story hotel with multiple venues. Learn more about the plans here.
And since we're talking about Boston nightlife—a few weeks ago, BostInno reporter Hannah Green did a deep dive into an important question: Can Boston ever be known for being fun? Find out here .
Note from Jess: Here's a sentence that makes sense only to Bostonians—years ago I saw Keytar Bear play the Middle East. Do you have an iconic memory of the club you want to share? Email me!
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What else happened this week:
The original Tasty Burger is moving as Fenway changes
When Tasty Burger opened at a former gas station and automotive service center a block away from Fenway Park in 2010, a Goodyear and a car wash were a couple of doors down, and a McDonald’s was across the street.
But that was the Boylston Street of old. The restaurant now finds itself amid new luxury residential towers, popular restaurants, offices and a two-story 170,000-square-foot Target store that opened in 2015. And Tasty Burger will be the latest business to make way for more progress. Learn more about the move.
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What does it mean to be a local employee?
When online retailer Wayfair announced layoffs of 5% of its global workforce last month, the company told tech reporter Lucia Maffei that those cuts affected 400 local employees.
The same day, it told the state that around 540 local employees were affected. The discrepancy raises questions about the increasingly murky definition of "local" employees — a post-pandemic consequence of widespread remote work.?Read the full story here.
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A Cambridge biotech clears an important hurdle in an unusual way
It was a big week for Amylyx Pharmaceuticals . A key FDA committee signed off on its first drug after a second meeting, clearing the way for approval. But both the committee and the CEO signaled they would pull the drug, intended to treat ALS, if it failed further testing. Rowan Walrath has the details on the unusual process.
Despite the caveats, the approval sent Amylyx's stock soaring on Thursday, Rowan Walrath reports, gaining the company hundreds of millions of dollars in market cap. Find out more.
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The Boston Business Journal spotlights corporate philanthropy
The Business Journal feted the region’s top corporate charitable contributors at the Revere Hotel Boston Common Thursday night.
You can see?who is ranked No. 1 here , and read about the?BBJ’s Alnoba Lewis Family Foundation CEO Social Leadership Award winner : Kimberly Sherman Stamler, president of real estate firm Related Beal .?
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Motherboards and molecules — this week in Boston's tech economy:
Orbital Therapeutics, founded out of Beam Therapeutics , launched Wednesday with backing from the likes of ARCH Venture Partners , Andreessen Horowitz 's a16z Bio + Health. Among the co-founders: Alnylam Pharmaceuticals co-founder John Maraganore . Rowan caught up with the new company's interim CEO, Giuseppe Ciaramella . Get the details on the startup's plans to bundle nearly all of the RNA advances of the 21st century under one roof here.
Also launched this week: Photys Therapeutics . The startup launched with?$75 million in Series A funding from backers like the Longwood Fund , Mass General Brigham Ventures , 默克 and 礼来 . Read more about the company's goal of controlling proteins here.
Kopin Corporation announced Wednesday that after 37 years, CEO John Fan would step down. It's the latest in a string of new CEO announcements by Bay State tech companies. Find out more about his replacement .
Did you know that every week, Rowan rounds up the biotech news that may get overlooked amid the influx of health care happenings? In this week's Petri Dish: Albert Seymour is named CEO of Homology Medicines, Inc. Also, Flagship Pioneering and Ginkgo Bioworks, Inc. join a "pandemic readiness" lobbying group. Read the full roundup here.
Form D Friday is off this week. Instead, catch up on the Boston tech stories you may have missed this summer.
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Finally...
Here's a sentence I never thought I'd write: Kim Kardashian is launching a private equity firm based in Boston.
Well, in Los Angeles and Boston. The celebrity is partnering with Boston-based Jay Sammons , the former global head of consumer, media and retail for 凯雷投资集团 , to form SKYY Partners.
Sammons will run the day-to-day operations. Learn more about the firm here.
This Weekly Edition was compiled by Jess Aloe. This is a new feature from the Boston Business Journal, and she wants to hear your thoughts. Questions? Comments? Concerns??Send them her way .