Cape Cod Hospital to pay $24.4 million following DOJ investigation into Medicare billing practices

Cape Cod Hospital will pay nearly $24.4 million to resolve a federal lawsuit and investigation into the Hyannis hospital’s failure to comply with certain Medicare billing requirements. 5:51 p.m.

Biden seeks to bolster solar manufacturers with tax and trade moves

The measures, announced on Thursday, include expanded tariffs, tax policy guidance that could heighten demand for some US-made solar equipment, and promises of heightened vigilance for signs of unfair trade. 5:37 p.m.

Steward outlines plan to offload hospitals in legal filing

If Judge Christopher Lopez approves the company’s motion, bids for Steward’s Massachusetts hospitals would be due June 24 and sale hearings would be held July 2. 3:29 p.m.

HOUSING

Charts: R.I. has second slowest rate of housing growth in the US

The overwhelming majority of the housing stock in New England was build prior to 1939, and Rhode Island and Massachusetts have the oldest units in the area. 3:26 p.m.

Justice Department formally moves to reclassify marijuana as a less dangerous drug in historic shift

A proposed rule sent to the federal register recognizes the medical uses of cannabis and acknowledges it has less potential for abuse than some of the nation's most dangerous drugs. 2:23 p.m.

Money, Power, Inequality

High speed internet can be expensive. Do towns in Western Massachusetts hold the secret to sustainable, affordable connectivity?

With larger providers having little economic incentive to upgrade internet infrastructure, some Western Massachusetts towns created their own municipal broadband networks, treating high speed internet as a public utility. 1:56 p.m.

Dow tops 40,000 for the first time as Wall Street drifts higher

Stronger-than-expected profit reports have been one of the main reasons US stock indexes jumped through May to records following a tough April. 1:27 p.m.

This Mass. city is one of the best places to retire, according to Forbes

Hint: It’s the place where author Herman Melville wrote “Moby Dick.” It’s where the first intercollegiate baseball game was played in 1859. And it’s the hometown of actress Elizabeth Banks. 12:02 p.m.

Tech Lab

‘We don’t want the algorithm’: Frank McCourt wants to transform the way TikTok works

The Boston-born billionaire is on a crusade to put internet users — people, not corporations — in control of their personal data. 11:23 a.m.

A familiar face is among the two finalists for Massport CEO job

Former Mass. Transportation Secretary Rich Davey and Miami transportation chief Eulois Cleckey are in the running to run the agency. 11:21 a.m.

Healey launches political advocacy group to dive into local housing fights

The governor and the lieutenant governor have set up a nonprofit called One Commonwealth Inc. to provide grassroots support in pro-housing efforts at the town level. 10:40 a.m.

Supreme Court upholds consumer protection agency’s funding structure, rejecting conservative attack

The Supreme Court on Thursday rejected a conservative-led attack that could have undermined the Consumer Financial Protection Bureau. 10:21 a.m.

Larry Edelman | Trendlines

The stock market is hot again

Investors pushed the market to a new peak on optimism that inflation will cool enough to allow the Federal Reserve to lower interest rates. 9:21 a.m.

US applications for jobless benefits come back down after last week’s 9-month high

Massachusetts reported 4,942 “advance” initial claims for unemployment insurance last week. 8:58 a.m.