RI Commerce Corporation

Pharmaceutical company Alexion announced Tuesday it will close its plant in Smithfield, taking 250 jobs with it. 

The Smithfield site made a drug known as Solaris, which can treat two genetic disorders, including a rare blood disease. But Alexion CEO Ludwig Hantson said the manufacturing facility does not fit company’s plans for the upcoming launch of new medicines.

Pearl Macek / RIPR

With Memorial Day over, the summer tourism season is now underway. Industry experts have high hopes for the coming months. According the Rhode Island Commerce Corporation, about 40 percent of all tourist spending in the state happens between June and August.

Rhode Island’s economic development agency is looking for ideas on how to create a so-called innovation campus. Voters last year approved $20 million in borrowing to establish the campus.

RIPR FILE PHOTO

The Providence to Newport Ferry is coming back with increased service this summer.

The Rhode Island Commerce Corporation and the state Department of Transportation announced today the return of the ferry service, which drew thousands last summer.