Shares of Maynard telecom manufacturer Acacia Communications rose nearly 12% Monday after President Donald Trump said companies can sell equipment to Huawei, just weeks after the Chinese smartphone manufacturer was blacklisted by the U.S. government.Â
Acacia Communications is complying with a federal order imposing restrictions on doing business with Chinese telecommunications equipment and consumer electronics manufacturer.
Several publicly traded companies in Central Massachusetts saw their stock prices decline Monday as China announced retaliatory tariffs on $60 billion worth of U.S. goods
Acacia Communications said its first quarter revenue grew by 44% from last year's first quarter and made $7 million in profit after reporting a $9 million loss last year.
AquaBounty will soon begin to produce its genetically modified salmon at its facility in Indiana after the U.S. Food & Drug Administration in March lifted an import alert enacted in a 2016 U.S. budget rider banning the product from the U.S.
AquaBounty, the Maynard-based grower of genetically-modified salmon, is again seeking help from investors to kickstart their U.S. and Canada operations.
Five Central Massachusetts businesses, including two in Worcester and one in Shrewsbury, are among the U.S. Small Business Administration's Small Business Week honorees for Massachusetts.
Olympus is planning to relocate Southborough and Littleton workers in Westborough, and two others are planning new facilities in Hopkinton and Marlborough.