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Alexion Pharmaceuticals Inc. has made a $25 million preferred equity investment in Moderna Therapeutics and will also provide $100 million up front as part of a long-term agreement to develop treatments for rare diseases with Moderna’s messenger RNA Therapeutics platform, the two companies announced Monday. more
The capital city of Rhode Island – also known as the Renaissance City or the Creative Capital – has recently appeared among the top ranked U.S. cities in a number of lifestyle-oriented studies. more
Attorney General Peter F. Kilmartin announced Tuesday that Rhode Island has joined a multistate investigation into the Target Corp. data breach that occurred last month. more
Despite rising office vacancies in downtown Providence over the past year, CB Richard Ellis-New England executives described a healthy overall Rhode Island commercial real estate market in the firm’s annual market outlook Tuesday. more
Small businesses nationwide reported improved optimism as 2013 drew to a close, and reports of capital spending increased significantly, but the index measuring business owners’ sentiment in December still fell below previous mid-year readings and trailed the pre-2008 recession average by six points, the National Federation of Independent Businesses said Tuesday. more
The U.S. government said it would ramp up Obamacare outreach in 25 cities to lure younger people to the program after a report showed about 70 percent of the initial customers are 35 years of age or older. more
During the first four days of January, after the Dec. 31 deadline to select a plan for coverage beginning Jan. 1 had passed, another 465 people enrolled in private plans through Rhode Island’s health care exchange, bringing the total number of HealthSource RI enrollments to 11,770. more
The nine member states of the Regional Greenhouse Gas Initiative have set the program’s greenhouse gas pollution cap for 2014 at 91 million tons, putting into effect emissions-cutting regulations first proposed last February. more
The U.S. posted a record December budget surplus as higher payroll taxes, payments from Fannie Mae and Freddie Mac, and a declining unemployment rate helped improve the government’s finances. more
Expectations of credit access among U.S. consumers improved in recent months even as their predictions for inflation held steady, according to a survey by the Federal Reserve Bank of New York. more
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