Economy

Mustang Bio will reduce its workforce by approximately 81% following a vote by the board of directors, according to a regulatory filing.

Prospective home buyers in Central Massachusetts are still largely dealing with record high prices and limited inventory, as the average cost of a home purchase in Middlesex and Worcester counties is up around 10% in the last year. 

Under Lussier’s watch, Webster First grew from $87 million in assets in 1987 to $1.4 billion in assets in 2024. In 1995, he helped the credit union transition from a state charter to a federal charter.

Clark responded to a Wall Street Journal article with a statement to WBJ denying Mary Jane Rein’s claims, including admonishments and emphasized the university’s freedom of expression policy.

Main Street Bank has a new member of its executive team, as the Marlborough-based bank has named David Felton as its executive vice president and chief deposit officer.

Jeffrey Thomas has been named as the new chief financial officer of the Massachusetts market of Tenet Healthcare. 

People are moving up at Cornerstone Bank, the Marlborough Economic Development Council, and bankHometown.

Once a production desert, Central Massachusetts has seen a large increase in Hollywood-related activity in the past 15 years. Then, the strikes came.

The amount of employees that will be impacted by the cuts was not disclosed.

On Wednesday, UMass Chan announced the creation of the university’s Health AI Assurance Laboratory: a lab designed to evaluate processes and impacts of health AI technology to advance efforts for more accountable, unbiased, and efficacious patient care.