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Business
Local, state and national business news from the Kennebec Journal and Morning Sentinel.
Stocks rally, despite protests in D.C., on hopes for stimulus
The S&P 500 rose 0.6 percent after having been up 1.5 percent earlier, while the Dow Jones Industrial Average closed at a record high.
U.S. holds first oil and gas lease sale for Alaska’s Arctic refuge
The sale was held as scheduled after a judge Tuesday rejected requests by Indigenous and conservation groups to halt the event.
EU commission greenlights Moderna’s COVID-19 vaccine
The decision comes against a backdrop of high infection rates in many European Union countries.
Southern Maine transit agencies awarded $11.1 million in stimulus funds
The CARES Act funds were awarded by the Greater Portland Council of Governments to help seven agencies replace revenues lost to the pandemic.
Maine salmon producer denies allegations it misled consumers
Mowi ASA, the parent company of Ducktrap River of Maine, said its smoked salmon products are indeed ‘sustainably sourced.’
Puritan Medical Products lauded for winning Inc.’s ‘Company of the Year’
The Guilford company was recognized for ramping up its nasal swab production to meet testing needs during the pandemic.
The Wrap: Reality TV, The Lost Kitchen–style
Several restaurants take winter breaks, new restaurants in Saco and Brunswick, and Little Giant adds a bakery and wine and beer delivery.
Draft changes to state’s medical cannabis program would require track-and-trace system
Some providers worry the system would be cost-prohibitive and time-consuming, pushing prices higher and driving customers to the adult-use market.
Some taxpayers find relief payments sent to wrong accounts
The IRS has not disclosed how many people have been affected.