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.
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.
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.
Second quarter financial results from the Woonsocket-based pharmacy chain CVS Caremark have beat analyst expectations. That’s due in part to new specialty pharmacy business and the opening of more in-store clinics.
Rhode Island based CVS-Caremark announced Wednesday that it will stop selling cigarettes and other tobacco products in its stores starting this year. CVS said it is the first national chain to make this move.
The goal is to have cigarettes and other tobacco products off the shelves at its more than 7,600 stores by October 1st. CVS-Caremark’s CEO calls selling tobacco inconsistent with the store’s purpose.
CVS plans to launch a smoking cessation program in the spring, offering information on how to quit and treatment at its pharmacies.
Even President Obama is talking about rising college tuitions as students return to campus. RIPR political analyst Scott MacKay talks about what this all means for our flagship public university, the University of Rhode Island.
The days are getting shorter, the breezes off our cobalt coastline are cooler. The rhythms of fall return. In our cozy corner of New England, a timeless harbinger of the season is students thronging college campuses.