Harvard Medical School has received a pledge for the biggest gift in its 236-year history, the school announced on Thursday: $200 million aimed mainly at turning research into treatments faster. The gift, from the Blavatnik Family Foundation — named for Soviet-born industrialist Len Blavatnik, who got a Harvard MBA — will support work in several directions, Harvard Medical School says. Read more at the Boston Business Journal.
COMMERCIAL REAL ESTATE
Wynn’s Encore Boston Harbor Project Supporting More than 5,000 Jobs
Wynn Resorts Ltd.’s Encore Boston Harbor has yet to open, but the gaming resort says its massive construction project in Everett is already giving the Massachusetts workforce a big boost. In a statement Thursday, Encore Boston Harbor said that 5,276 union trade workers have worked on the $2.6 billion resort to date, exceeding its initial target of 4,000. Wynn officials also said the Everett casino project has paid out more than $250 million in wages to Massachusetts workers since construction began in August 2016. Construction is now 80 percent complete, according to the company. Read more at the Boston Business Journal.
Salsify Expands to Austin With Latest Acquisition
Less than a month after opening its first international office in Portugal, Boston-based Salsify is expanding to Texas following the acquisition of an Austin-based chat startup. Salsify, a product experience management platform with 250 employees, announced on Thursday it has acquired Welcome Commerce, a chat technology that enables brands to connect directly with consumers on retailer e-commerce sites. Read more at American Innovation.
Ford Scoops Up Spin Scooter Company
Ford has acquired dockless scooter sharing service Spin as the automaker looks to expand its offerings in the alternative mobility space. The price paid was undisclosed, but according to reports from The Verge and Axios it was between $40 million and $100 million. The move comes just days after General Motors announced it will begin building electric bicycles next year, although whether or not they will be part of a sharing system has not been revealed. Read more at Fox News.