PHARMACEUTICALS
Three charged with insider trading involving Ariad shares
Federal authorities said Tuesday that they have filed insider trading charges against three people connected to Ariad Pharmaceuticals Inc., a former Cambridge biotech company acquired earlier this year by Japan’s Takeda Pharmaceutical Company Ltd. The defendants — two former senior employees of Ariad and the spouse of another former employee — used nonpublic information to illegally trade in Ariad shares before disclosure of a Food and Drug Administration decision that influenced sales of an Ariad cancer drug, according to a Securities and Exchange Commission complaint filed in federal court in Boston. SEC officials filed the charges against Harold Altvater, whose wife worked for Ariad; Maureen Curran, formerly Ariad’s senior director of pharmacovigilance and risk management; and Susan Dubuc, its former associate director of pharmacovigilance and risk management. Curran agreed to a settlement requiring her to pay more than $20,000 in fines, while Dubuc agreed to pay fines totaling more than $6,000, the SEC said. The settlements are subject to court approval. Altvater didn’t respond to a request seeking comment. — ROBERT WEISMAN
PHARMACEUTICALS
Roche to cut about 75 jobs in Marlborough
Swiss drug giant Roche AG will cut about 75 jobs in Central Massachusetts as part of a broader consolidation of its research and development operations, the company said Tuesday. Roche will halt manufacturing at a site in Marlborough by the fourth quarter and shift operations to other Roche facilities in the United States and Europe, said Todd Siesky, vice president at Roche Molecular Diagnostics in Pleasanton, Calif. Separately, he said Roche, which acquired the biotech Genentech Inc. in 2009, will disclose a new consolidated location for several Boston-area operations in the near future. — ROBERT WEISMAN
TECHNOLOGY
Catalant Technologies raises $41 million
Catalant Technologies, the Boston-based platform for connecting businesses to on-demand consulting services, said Tuesday that it had raised $41 million in its latest funding round, more than doubling the amount of investment in the company. The new financing, which also increased Catalant’s borrowing capacity, was led by Highland Capital Partners and General Catalyst, and it included other notable investors including GE Ventures, Mark Cuban, Intuit founder Scott Cook, and the Kraft family. The money increases Catalant’s total financing to more than $73 million. Catalant said it has thousands of clients, including nearly a quarter of the Fortune 100, who use Catalant to quickly connect with experts to help them with needs as they emerge. The company plans to use the money to develop its technology and to teach potential clients about how they can save money by using services like Catalant to bring in help for specific needs. “They’ve ended up with too many full-time employees because it’s an easier model to work with for heads of HR,’’ cofounder Rob Biederman said. “But thoughtful companies are taking a more deliberate approach to sourcing of talent than when they have a need just posting a full-time job spec.’’ — ANDY ROSEN
AUTOMOBILES
Herb Chambers sells former WLVI building for $14.5 million
Auto magnate Herb Chambers sold the former WLVI building at 75 Morrissey Blvd. Tuesday for $14.5 million to a New York-based investment group, according to Suffolk County property records. The buyers — according to papers filed with the secretary of state — include some of the same investors who recently walked away from a contract to buy the former home of The Boston Globe, which sits next door. Chambers had planned a car dealership on the vacant TV station site, which he bought for $3.8 million in 2012, but put those plans on hold amid neighborhood opposition and questions about the future of the Globe site. — TIM LOGAN
SOCIAL MEDIA
Facebook is deleting about 66,000 posts a week
Facebook is deleting about 66,000 posts a week as the social media giant cracks down on what it considers to be hate speech. The company says in a blog post Tuesday that deleting posts can ‘‘feel like censorship,’’ but that it is working on explaining its process better. Facebook says it defines hate speech as attacks on people based on their race, sexual orientation, and other ‘‘protected characteristics.’’ The Menlo Park, Calif., company says it mostly relies on its nearly two billion users to report any hateful posts they see. Workers then review the posts and decide whether to delete them. Facebook Inc. says it has 4,500 workers reviewing posts and plans to hire 3,000 more in the next year. The deleted posts went up over the last two months. — ASSOCIATED PRESS
BASEBALL
Plan for new Pawsox ballpark headed to R.I. legislature
A plan to build a new ballpark for the Pawtucket Red Sox could bring legislators back to the Rhode Island State House for a special fall session. The Pawtucket delegation of the state Senate introduced legislation that outlines a proposed state lease and payment agreements that would help construct a new stadium complex for the Boston Red Sox Triple-A affiliate. Pawtucket Mayor Donald Grebien and team owners are seeking a $23 million state investment to help finance the estimated $83 million project in downtown Pawtucket. The city-owned ballpark would be about a mile from the team’s current home, the 75-year-old McCoy Stadium, which the legislation introduced Tuesday describes as ‘‘near the end of its useful life.’’ — ASSOCIATED PRESS
GAMBLING
Supreme Court to take up N.J. sports betting plan
The US Supreme Court agreed Tuesday to take up New Jersey’s bid to allow sports betting at its casinos and racetracks, a case that could lead other states to seek a share of the lucrative market. The justices will review a lower court ruling against the state, which is hoping to capture some of the estimated $150 billion that is illegally wagered on sports each year. New Jersey Governor Chris Christie and supporters in the Legislature have tried for years to legalize sports gambling to bolster the state’s casino and horse racing industries. The casino industry, after a period of job losses and closings, has lately been doing better. — ASSOCIATED PRESS
HOTELS
Trump Toronto hotel no longer a Trump hotel
Trump International Hotel & Tower in Toronto will no longer be branded with President Trump’s name under a deal struck with the owner of the property. JCF Capital ULC, the closely held US firm that owns the building in the city’s downtown business district, reached a buyout deal to exit the contracts with the Trump Organization’s hotel and management firms early, the companies said Tuesday in a statement. Signage may be removed from the 65-story tower as soon as Aug. 1, according to a person with knowledge of the matter. Most recently, it’s been a site for protests against the president’s comments disparaging women, Mexicans, and Muslims, even though his company has no ownership stake in the property. — BLOOMBERG NEWS
RIDE HAILING
Uber lets you call a car for grandma
Uber’s ride-hailing app is making it easier for its users to set up trips for seniors and others who may not know their way around a smartphone but still need help getting around town. The new feature, coming out Tuesday in an app update, is primarily designed for Uber users who want a simple way to arrange rides for parents, grandparents, and other loved ones unable to drive themselves. Previously, Uber users ordering on behalf of another passenger had to call the driver to explain the situation. When users ask to be picked up at somewhere other than their current location, the app will give them the option to designate the ride for someone else. The passenger won’t need the Uber app; they’ll get a text identifying the driver, car make, and other information. Uber will charge the person who ordered the ride. — ASSOCIATED PRESS
