Jeff Bezos’ rocket company has won a NASA contract to land astronauts on the moon, two years after losing out to SpaceX
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World, News
Federal Reserve Chair hints at a pause in rate hikes when central bank meets in June
Powell said the central bank’s benchmark rate, which affects many consumer and business loans, is now high enough to restrain borrowing, spending, and economic growth.
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Posted inBusiness, Nation & World, News, Politics
World watches in disbelief and horror as U.S. nears possible default
Most nations don’t have a fixed debt ceiling. But Washington’s fight over raising the cap carries global implications.
Posted inBusiness, Maine
Maine may pay lobster fishers to test new gear as whale protection rules loom
A bill would create a ‘lobster innovation fund’ to pay lobster fishing license holders to test new fishing technologies.
Posted inBusiness, Nation & World, News
TikTok content creators file lawsuit against Montana over first-in-nation law banning app
The Montana residents also argued in a legal complaint filed late Wednesday in federal court in Missoula that the state doesn’t have any authority over matters of national security.
Posted inBusiness, Maine, Politics
Lawmakers hear competing offshore wind proposals
One bill lays out a detailed state path to promote floating offshore wind that will help Maine meet its climate goals and create jobs, while the other seeks to use the state’s power to keep the industry out of the Gulf of Maine where fishermen earn their living.
Posted inBusiness, Health, Nation & World
FDA advisers back RSV vaccine for pregnant women that protects their newborns
If the FDA ultimately approves the maternal shot, it would mark a second milestone in the decades-long quest to prevent the respiratory syncytial virus.
Posted inBusiness, Nation & World, News
More than 30 million U.S. drivers don’t know if their car airbags pose a threat
And because of a dispute between federal safety regulators and an airbag parts manufacturer, they aren’t likely to find out anytime soon.
Posted inBusiness
Sam Zell, billionaire real estate investor, dies at 81
The Chicago-born son of Polish refugees, he built a fortune in real estate and a hodgepodge of investments that included radio stations, drug stores, parking lots, mattresses, and Schwinn bicycles.
Posted inBusiness, Maine
Maine committee supports flavored tobacco ban
Supporters say the ban will keep teens from becoming addicted to nicotine, while foes say adults should be able to purchase the products. The House and Senate will vote on the bill in the coming weeks.