Boston’s QuEra Computing opens – The Boston Globe

suffrage

Question 3 support for packages run “

The Massachusetts Packaging Association has thrown its TV line up against superstore chain Total Wine & More in a battle over Question 3, a preliminary ballot question last Tuesday that would have set new limits on the number of retail locations under common ownership. can sell arc. This ad, on several cable TV stations run by Comcast, aims to make it appear that Question 3 is supported by the small businesses of MassPack members. A response to advertisements by Roman Wine that imply Question 3 is not friendly to small businesses, even saying it hurts family-owned businesses. (Total wine is owned by two brothers, and thus technically a family business, but it has more than 200 locations across the country.) Question 3 would increase the number of locations where one company can sell beer and wine 18 from the current level. nine, while reducing the number of places where the company can sell hard alcohol to seven from nine. MassPack has proposed a compromise method for food vendors who wish to sell beer and wine in multiple locations. But the whole wine looks like a restraint of trade. The Maryland company has spent more than $2.6 million this fall to fight Question 3, while MassPack has spent nearly $1 million over the past two years on the campaign. – JON CHESTO

BETTING

New executive at Suffolk Downs simulcast facility

There is a new boss at Sterling Suffolk Racecourse, operator of the simulcast facility at Suffolk Downs. Michael Buckley will be the new chief operating officer of SSR, replacing Chip Tuttle. Buckley is a principal at Belmont Capital, an investment firm run by Joe O’Donnell and one of SSR’s three partners. Tuttle will resume a full-time position at CTP, the Boston-based communications firm he co-owns, after 15 years as chief operating officer at Suffolk Downs, including the final years of his prestigious career at Suffolk Downs. The former track is being redeveloped, and SSR hopes to eventually open a new facility that offers sports betting. Buckley, in a statement, said he will lead SSR into “its second season as the premier sporting goods company in Massachusetts.” About 50 full and part-time staffers work for SSR today. – JON CHESTO

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MEDIA

The NYT added 180,000 digital subscribers in the latest quarter

The New York Times Co. on Wednesday it said it had gained 180,000 annual subscribers in the most recent quarter, and that its revenue would increase for the full year. In its financial results for the latest quarter, the company said revenue from those new subscribers was offset by higher operating costs from The Athletic, the sports news website that the Times bought in January. Overall, the Times reported adjusted operating profit of $69 million for the quarter, up from $65 million in the same period last year. Athletics had an operating loss of $9.6 million. It has lost nearly $29 million in the three quarters since it was acquired. – SACRED TIMES OF NEW YORK

gender

Glencore officials in private raids to officials in West Africa were allegedly flying cash

Glencore officials delivered private bribes to officials in West Africa, UK prosecutors said, setting up a scheme of money laundering and corruption orchestrated by the London-based oil trading desk. The company, founded by Marc Rich, was admitted to seven counts of money across countries between Nigeria and Cameroon, following an investigation by the Serious Fraud Office. Prosecutors said the company paid more than $28 million in premiums to secure access to oil shipments. – BLOOMBERG NEWS

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PHARMACEUTICALS

GSK released the vaccine for sale

GSK raised its outlook for the second time and expressed its hope that around next year, demand will be made for existing and new vaccines for the common respiratory virus. Operating profit excluding certain costs could rise as much as 17 percent and sales growth could be as high as 10 percent this year, the UK drug maker said Wednesday, up from previous expectations of 15 percent and 8 percent. Upgrade as the maker of the robust vaccine Shingrix submits its new shot, designed to protect against the respiratory syncytial virus, or RSV regulators. – BLOOMBERG NEWS

AIRLINES

The FAA gets a squished passenger car for an earful

Back in August, Federal Aviation Administration officials asked the public for their opinions on how safe they thought airline seats were when they got to their size. Fed up with the cuts to other unhappy customers, passengers flooded the agency with nearly 25,000 comments by Tuesday’s deadline. While many adhered to the FAA’s request that electronic seat width, length, pitch, and other dimensions were a direct threat to the safety of passengers in the event of an emergency evacuation, many also took the opportunity to scrutinize the comfort levels in the typical economy cabin. . Congress ordered the agency in 2018 to issue rules on the minimum dimensions of passenger seats with regard to safety. A 2021 study by the agency determined that current seat sizes would be safe for 99 percent of the population. – BLOOMBERG NEWS

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ELECTRIC VEHICLES

Tesla chooses a showroom in Beijing

Tesla closed its China flagship show in Beijing last month, according to a person familiar with the matter. The US electric carmaker has several stores in the Chinese capital, and one was now located in a shopping center called Parkview Green, which is mostly residential. Reuters reported the closure earlier Wednesday. Tesla sells its cars largely through a direct sales model on the Internet rather than through its dealerships or showrooms. China is its biggest market after the United States and in September it delivered a record 83,135 cars after upgrading production capacity at its Shanghai factory. – BLOOMBERG NEWS

business

Credit Suisse stock has declined to near junk level

Credit Suisse’s long-term rating was downgraded by S&P Global Ratings to just one notch above junk status, underscoring the bank’s challenges after it put in place a radical restructuring plan last week. Switzerland’s long-term bank rating was cut to BBB- from BBB with a stable outlook. That’s one notch above BB’s “speculative level.” Credit Suisse’s new policy posted the biggest one-day decline on record in a day, with the trap falling 18 percent. – BLOOMBERG NEWS

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