This Week's Boston Deal Sheet

The city of Boston remains top dog when it comes to biotechnology and scientific innovation, beating out longtime biotech powerhouses like San Francisco, San Diego and Washington, D.C. With more than $5B in venture capital invested in Massachusetts-based life…

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In Case You Missed It...

Recessions are bad for countries, bad for sectors, bad for companies — but they don’t have to be bad for your career.

Times of turmoil throw up opportunities to shine that may not arise in a more benign economic environment, the more than 400 delegates who attended Bisnow’s Women Leading Real Estate event in London heard. 

“Moments like this, moments of dislocation in the market create huge opportunities,” Canary Wharf Group Chief Financial Officer Becky Worthington told the audience at the Porchester Hall in London.

“The risk is not taking a risk. The downside is negligible — if something goes wrong, you lose your job, you go and get another one. Honestly, it's not that bad. There’s the old phrase, fortune favours the bold. And when it comes to your career, I'm absolutely sure that's the case.”

A survey of fund managers undertaken last week by Bank of America Merrill Lynch found a net 77% thought that a global recession is likely. And the sharp rise in interest rates introduced by central banks in the UK and U.S. means that real estate is…

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Despite high hopes of a brick-and-mortar revival, preliminary foot traffic reports show Black Friday 2022 brought in fewer shoppers than last year even as online sales grew to new heights.

Reports from several organizations tracking shopping activity show that while in-person retail outlets tripled their average daily traffic during the annual pre-holiday shop-a-thon, that trailed expectations, given hopes the ebbing of pandemic-related fears would draw customers in droves. Yet consumers weren't exactly pinching pennies even if they mostly stayed home. Despite…

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