Meanwhile, the Biden administration is allowing more imports and working to reopen the largest U.S. manufacturing plant.
Business
Business news and information from the Portland Press Herald.
Posted inBusiness
‘Pharma Bro’ Shkreli freed from prison for halfway house
He gained notoriety after buying rights to Daraprim and raising its price from $13.50 to $750 per pill.
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Posted inBusiness, Nation & World, Politics
Biden’s burdens grow amid sagging global economy
His approval ratings have plunged as prices for everyday goods in the U.S. have soared.
Posted inBusiness, Nation & World
Buffalo shooting leaves neighborhood without a grocery store
The fact that there are no other options shows the racial and economic divide that existed long before the killings.
Posted inBusiness
Stocks fall sharply as Target’s woes renew inflation fears
The S&P 500 slumps 4 percent, its biggest decline since June 2020.
Posted inBusiness, News
Gas prices pass $4 per gallon in every U.S. state for the first time
Nationally, the average cost for a gallon of gas was $4.52 on Tuesday.
Posted inBusiness, Maine
South Portland firm’s vehicle-mounted pepper spray gun raises concerns
The company’s founder told a manufacturing industry group that the nonlethal weapon was inspired by Black Lives Matter protests during the summer of 2020.
Posted inBusiness, Food
The Wrap: Wells food truck park reopens, as does Tandem Coffee’s Anderson Street location
Also, a one-day natural wine festival takes place in Freeport, and the Netflix show ‘Somebody Feed Phil’ will air an episode shot in Maine.
Posted inBusiness, Maine, News
Some Portland flights turned away as jetport runway paving continues
The Portland International Jetport will be closed to air traffic overnight until its newly repaved main runway reopens in mid-June.
Posted inBusiness, Uncategorized
Markets shake off doldrums as traders get back to buying
Stocks rose steadily throughout the day and ended Tuesday with broad gains.