The company had asked the court to pause what it called an ‘extraordinary and unlawful action’ by the Food and Drug Administration that would have required it to immediately halt its business.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness, Nation & World
China asks foreign business leaders how to revive Hong Kong in rare move
Hong Kong’s economy contracted 4% in the first quarter, one of its worst performances of the past 30 years, and has seen an outpouring of expatriate talent to places like Singapore.
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Posted inBusiness, Nation & World
Stocks rally, driving Wall Street to a rare winning week
Parts of the U.S. economy are still red-hot, particularly the jobs market, but some discouraging signals have emerged recently.
Posted inBusiness, Maine
Maine issues last half of nearly $120 million in relief funding to municipalities
The pandemic relief money, provided through the American Rescue Plan Act, was distributed proportionally based on population.
Posted inBusiness, Nation & World
After Roe ruling, Democrats seek probe of tech companies’ use of personal data
Privacy experts say the ruling could make women vulnerable because their personal data could be used to surveil pregnancies and be shared with police or sold to vigilantes.
Posted inArts & Entertainment, Business, Nation & World
Manufacturers struggle to keep pace with vinyl record demand
Demand for vinyl records has been growing in double-digits for more than a decade.
Posted inBusiness, News
Toyota recalls electric car for faulty wheel that may detach
Toyota is recalling its new electric crossover vehicles for wheel bolts that could become loose.
Posted inBusiness, Maine
Nearly half of all Maine tenants cannot afford rent, new study says
A Harvard University report indicates that Maine’s renters are struggling – something that those in the affordable housing arena know all too well.
Posted inBusiness, Maine
Many Portland area residents would need to double their income to afford a home
A new Harvard University report illustrates the growing affordability struggle for both homebuyers and renters across the country and in Maine.
Posted inBusiness, Maine
Allstate, Progressive drop Millinocket company over racist Juneteenth sign
The Harry E. Reed Insurance Agency had already faced criticism after it posted a sign that was dismissive of the holiday and included a racist trope.