CVS Caremark

John Bender / RIPR File

So is Rhode Island approaching a boon or a boondoggle?

Don’t get in line just yet for your luxury box seats at the new Providence ballpark that the new owners of the Pawtucket Red Sox want to build on the downtown Providence waterfront . The new owners and Mayor Jorge Elorza say any plan for a new  stadium is in infant stages.

While the move from Pawtucket’s iconic McCoy Stadium to a new site in Providence has drawn stellar initial reviews from the state’s political hierarchy and Elorza, the plans are a long, long fly ball from completion.

Providence Business News Editor Mark Murphy joins Rhode Island Public Radio's Dave Fallon for our weekly business segment The Bottom Line.

This week, Neil Steinberg, president and CEO of the Rhode Island Foundation visits the program to discuss the latest push to shop local, the foundation’s legislative priorities and his take on the CVS move to build a technology hub in Boston.

When to Listen

You can hear The Bottom Line each Friday at 5:50pm.

Governor-elect Gina Raimondo is considering Citizens Bank executive Barbara Cottam for a top position in her new administration, according to Statehouse sources.

Cottam, who has vast experience in both the private and political sectors in Rhode Island, is under consideration for chief of staff, one of the most important positions in any gubernatorial administration.

RIPR FILE

The major candidates for Rhode Island governor have spent much of their campaigns focused on the economy. RIPR political analyst Scott MacKay on what they aren’t telling voters.

All of the Rhode Island political campaigns this year are talking about our state’s sluggish economy. In the governor’s contest between Republican Allan Fung, the Cranston mayor, and Democrat Gina Raimondo, the state treasurer, jobs and the economy often seem to be the only topic.

Courtesy CVS

Pharmacy corporation CVS Caremark has officially changed its name to CVS Health.

The Woonsocket-based company announced the name change as a way to reflect its growth beyond a retail pharmacy chain into a multi-service health care company. Today, the $127-billion dollar CVS Health encompasses 7700 retail pharmacies, hundreds of walk-in medical clinics, a pharmacy benefits manager and more. CVS Health president Helena Foulkes says it made sense to re-brand now.

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