Friday, May 27 2022

PATTERN

Sasaki buys Brooklyn landscaper

Local architecture and design firm Sasaki is expanding into New York with the acquisition of Brooklyn-based landscape and design firm DLANDstudio, a partnership the firms say will better enable them “to collectively meet 21st century design challenges centered on climate adaptation, biodiversity loss, environmental justice and social equity Sasaki’s projects include the revitalization of the Chicago Riverfront and Boston City Hall Plaza. DLANDstudio’s work has focused on combining environmental, technical and policy expertise on projects such as New York Rising, which developed community restructuring plans for storm-ravaged communities on Staten Island and around the county. of Nassau, NY “Environmental justice was and remains an important driver of the work we do every day,” said Susannah Drake, Founding Director of DLANDstudio, in a comment. fucked. “We recognized that in order to realize our design vision, we needed a deeper team with global experience of compelling and beautiful construction work.” Drake will join Sasaki as director. The company, which employs more than 250 people in Greater Boston, plans to move from Watertown to 110 Chauncy St. in downtown Boston this summer. Sasaki also has offices in Denver and Shanghai. —CATHERINE CARLOCK

PRESERVATION

Maine extends downtown tax credit

Maine lawmakers have extended a historic preservation tax credit to try to rehabilitate properties in inner cities. The Maine Senate voted in late April to extend the expiration date of the Maine Historic Rehabilitation Tax Credit from 2025 to 2030. Proponents of the proposal said it would help affordable housing as well as the preservation of historic town centres. The tax credit program provides incentives so that businesses, owners and developers can rehabilitate and reuse the state’s historic buildings that generate revenue. Proponents said it was designed to encourage the redevelopment of housing located within walking distance of town centres. This reduces the need for new buildings and the reliance on cars. — ASSOCIATED PRESS

CRYPTOCURRENCY

Wikipedia nonprofit to stop taking cryptocurrency donations

The Wikimedia Foundation, the non-profit organization behind Wikipedia, will stop accepting cryptocurrency donations due to their negative impact on the environment. WMF will close its account on Bitpay, a crypto payment service provider, as well as its direct methods for accepting cryptocurrencies as donations. A proposal was made earlier this year and just under 400 users took part in the vote and discussed whether the WMF should stop accepting cryptocurrency donations. The majority voted yes to Proposition 232 versus 94. Users who support halting the process are primarily concerned about the power-hungry mechanisms of the digital currency space. — BLOOMBERG NEWS

INTERNATIONAL

Google slams EU ad fine

Google has hit out at the European Union for imposing a “quasi-criminal fine of very large proportions” for allegedly thwarting its advertising rivals on websites. During a court hearing in the bloc on Monday, the search giant said the 2019 decision by the EU’s antitrust arm to impose the fine of 1.49 billion euros (1.6 billion) was riddled with errors and should be reversed. The case is the latest in a trilogy of fights in EU courts over cases that paved the way for antitrust chief Margrethe Vestager’s bid to rein in Silicon Valley. — BLOOMBERG NEWS

ALCOHOL

Now you can drink Carrie’s cosmos

Sarah Jessica Parker and John Cena are among a group of celebrities co-founding a brand of pre-mixed cocktails as the race for the next big celebrity drink heats up. The brand, Thomas Ashbourne, debuts this month with a variety of ready-to-drink cocktails, each with celebrity partners attached to them for both product development and promotion. Parker’s drink is a cosmos, the cocktail his “Sex and the City” character made famous. Cena has an old fashion. Actresses Rosario Dawson, Ashley Benson and Vanessa Hudgens have a margarita, and rapper Playboi Carti has a wine and vodka drink. The cocktails cost around $22 for a 375 milliliter bottle or $30 for a four-pack of 200 milliliter cans on the Thomas Ashbourne website. In-store prices will be around $16 and $26 respectively. — BLOOMBERG NEWS

MEDICATIONS

Pfizer’s COVID drug fails trial

Pfizer’s Paxlovid, its pill to treat COVID-19, did not show benefit as a preventative treatment in a trial. Paxlovid is poised to become one of the best-selling drugs of all time, with $24 billion in sales expected in 2022, according to analytics group Airfinity Ltd. Pfizer has also reaped billions in global sales from its COVID-19 vaccine. The company said late Friday that the drug failed to achieve its primary goal of reducing the risk of adults exposed to the coronavirus through contact with a household member becoming infected. Compared to those who took a placebo, people who received Paxlovid had about a third less risk of infection, which was not statistically significant. — BLOOMBERG NEWS

SOCIAL MEDIA

Lindell banned from Twitter — again

MyPillow CEO Mike Lindell has been banned from Twitter for the second time after trying to use a new account to access the social media platform. Lindell created a new Twitter account on Sunday under @MikeJLindell. The account was promptly suspended. Twitter said on Monday that Lindell’s new account had been permanently suspended for violating its rules on circumventing bans. Lindell’s original Twitter account was permanently banned in January 2021 after Lindell continued to perpetuate the baseless claim that Donald Trump won the 2020 US presidential election. to ban Lindell for “repeated violations” of its civic integrity policy. — ASSOCIATED PRESS

AIRLINES COMPANIES

Qantas to launch direct flights from Australia to the world

Qantas Airways has relaunched a plan to launch direct flights linking Australia’s east coast with New York and London eventually ordering Airbus jets for ultra-long services. The airline announced on Monday that it was buying 12 A350-1000s that can fly nonstop from Australia to any city in the world. Commercial services will start from Sydney in late 2025, Qantas said. Qantas had planned to start the 8 p.m. flights – internally called “Project Sunrise” – in 2023, and were close to ordering the plane when COVID-19 decimated aviation. — BLOOMBERG NEWS

MANUFACTURING

Slowdown in April as supply issues persist

A measure of U.S. manufacturing activity unexpectedly fell in April to the lowest level since 2020 as growth in orders, output and employment slowed. The Institute for Supply Management’s factory activity gauge fell to 55.4 last month from 57.1, data showed Monday. Readings above 50 indicate expansion. The latest data underscores the impact of continued supply constraints, compounded by restrictive COVID-19 measures in China. — BLOOMBERG NEWS

PODCASTS

Facebook releasing audio products

Facebook is pulling out of podcasts and plans to completely remove them from the social media service starting June 3. Facebook will stop allowing people to add podcasts to the service starting this week, according to a note sent to partners. It will discontinue both its abbreviated Soundbites audio product and remove its central audio hub. Facebook announced various audio efforts last April during a hot market for podcasting and audio in general. But the company’s interest has waned, Bloomberg News reported last month, and it is now focusing on other initiatives, disappointing some vendors. — BLOOMBERG NEWS

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