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Business and Economic News

'Deja vu all over': Two Harbors fights again over Lighthouse Point development

'Deja vu all over': Two Harbors fights again over Lighthouse Point development

It’s been twenty years since residents of the small North Shore town waged a battle over a plan to build homes next to its historic lighthouse along the shore of Lake Superior. Some are again raising concerns about a new proposed development.
by Dan Kraker

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Nice Ride shuts down pioneering Minneapolis bike share program

Nice Ride shuts down pioneering Minneapolis bike share program

When Nice Ride launched in 2010, Minneapolis was one of only two American cities to have public bike sharing. The program helped pioneer the concept of micromobility, which has evolved to include electric scooters and e-bikes. But without a corporate sponsor, Nice Ride is shutting down.
by Amy Felegy and Matt Sepic

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With layoffs, NPR becomes latest media outlet to cut jobs

With layoffs, NPR becomes latest media outlet to cut jobs

NPR must lay off 10 percent of its workforce to address an advertising shortfall of about $30 million, CEO John Lansing says. Lansing says marketers are nervous about the economy.
by David Folkenflik

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Midwest could add more ethanol to gasoline under EPA plan

Midwest could add more ethanol to gasoline under EPA plan

Gasoline with higher blends of ethanol could be sold year-round in eight Midwestern states beginning in 2024 under a rule proposed by the Environmental Protection Agency. 
by The Associated Press

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Microsoft's new AI chatbot has been saying some 'crazy and unhinged things'

Microsoft's new AI chatbot has been saying some 'crazy and unhinged things'

After Microsoft's powerful AI chatbot verbally attacked people, and even compared one person to Hitler, the company has decided to rein in the technology until it works out the kinks.
by Bobby Allyn

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St. Paul company brings craft to non-alcoholic beer

St. Paul company brings craft to non-alcoholic beer

The technology to dealcoholize beer has been around for a long time, but not at a price point that let craft brewers join the market with their more refined brews. A St. Paul company is changing that.
by Tom Crann and Megan Burks

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Eli Lilly plans to slash some insulin prices, expand cost cap

Eli Lilly plans to slash some insulin prices, expand cost cap

Eli Lilly will cut prices for some older insulins later this year and immediately expand a cap on costs insured patients pay when they fill prescriptions. The moves promise critical relief to some people with diabetes who can face annual costs of more than $1,000 for insulin they need in order to live.
by The Associated Press

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Pandemic food assistance that held back hunger comes to an end

Pandemic food assistance that held back hunger comes to an end

Millions of people who depend on the Supplemental Nutrition Assistance Program known as SNAP will see a cut of $90 a month or more. Some recipients say it will make it harder to buy healthy food.
by Allison Aubrey

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Lifeline or logistical problem? Paid leave debate unfurls at Capitol

Lifeline or logistical problem? Paid leave debate unfurls at Capitol

As Minnesota lawmakers put a proposal for paid family and medical leave through its paces, employers try to get a handle on the implications.
by Brian Bakst

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Ag Department sees need to support local food in Minnesota

Ag Department sees need to support local food in Minnesota

When the pandemic disrupted food supply chains in 2020, many people scrambled to buy food directly from farmers. That local food movement is still growing. A new initiative hopes to provide more state support for small farmers and local food networks.
by Dan Gunderson

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