AGP Executive Report
Last update: 2 hours agoCorporate Shake-up: Needham-based Tripadvisor CEO Matt Goldberg will step down in February as the travel company pursues an overhaul; its shares fell about 17% after the announcement. Semiconductors: Lowell’s MACOM reported fourth-quarter revenue of $424.8 million, up 63% year over year, with stronger margins and profits. Biotech: Boston-based Rezera launched an IPO roadshow seeking up to $216.7 million, while Cambridge’s Amylyx reported positive Phase 3 results for a potential treatment for post-bariatric hypoglycemia. Advanced Manufacturing: Framingham-based Re:Build raised $2.1 billion to scale its hard-tech manufacturing business. Energy: Massachusetts is moving toward a 700-megawatt battery project as the state targets peak-hour power costs. Cannabis: Voters rejected a repeal of recreational marijuana sales, preserving the state’s adult-use market and its businesses, jobs and tax revenue.
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