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Howard Fine

Stories by Howard

Soon-Shiong Steps Aside as CEO of NantKwest

Billionaire Patrick Soon-Shiong has stepped aside as chief executive at biotech firm NantKwest.

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Local Health Care Businesses Could Benefit From Prop. 14

Proposition 14 could provide a boost to health care institutions and biotech companies in Los Angeles County.

Local Dialysis Operators Face Closures, Higher Costs With Prop. 23

Local dialysis clinic owners, already contending with the Covid-19 pandemic, now fear that if voters approve Proposition 23 on next month’s ballot, they might have to close some of their clinics.

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Despite Jobs Gains, LA Has ‘Mountain to Climb’

The September jobs report for Los Angeles County was a welcome dose of good news, as the unemployment rate fell to 15.1% — its lowest level since March — and the county saw a robust gain of 37,600 payroll jobs.

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Dodger Stadium Gondola Project Ready for Next Step

A downtown-based company trying to build a gondola tramway between Union Station and Dodger Stadium has reached a significant milestone, as the public environmental review process for the project gets underway this month.

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AECOM Supports FAA During Pandemic

Century City-based infrastructure giant AECOM has been partnering with the Federal Aviation Administration to support the agency’s operation of the national airspace system during the coronavirus pandemic.

Metro Starts Final Phase of Downtown Tunnel Project

Work begins this weekend on the final major phase of the $1.8 billion regional connector rail project downtown.

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LA Consumer Confidence Remains Near Record Low

Consumer confidence in Los Angeles County during the third quarter hovered near the record low set during the second quarter, according to a survey released last week to the Business Journal.

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L.A. County Unemployment Rate Fell to 15.1% in September

L.A. County’s unemployment rate declined to 15.1% in September from a revised 16.4% in August.

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ImmunityBio To Begin Phase 1 Trials For Covid Vaccine

Culver City-based ImmunityBio’s Covid-19 vaccine candidate drug has been approved to begin Phase 1 clinical trial testing.

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Charter Health Acquires Two Hospice Companies

Covina-based Charter Health Care Group has acquired two hospice service companies, part of a series of acquisitions this year.

Tetra Tech Wins $24 Million Asia Contract

Pasadena-based engineering and consulting firm Tetra Tech Inc. was awarded a $24 million water resources contract for Central Asia.

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Arrowhead Strikes Major Partnership With Takeda

Pasadena-based Arrowhead Pharmaceuticals Inc. announced a major licensing and drug development deal with a Japanese pharmaceutical company to develop and commercialize a drug to treat a rare form of inherited liver disease.

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KGI Medical School Receives $5 Million Donation

L.A. Care Health Plan is committing $5 million toward the launch of the Keck Graduate Institute School of Medicine in Claremont.

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Construction Firm Cumming Names New CEO

Downtown-based construction management firm Cumming Corp. has named Chief Operating Officer David Baird as its new chief executive, effective Jan. 1.

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Health Care Sector Sets the Pace for Job Gains in LA

Entertainment, technology, tourism and real estate have long been regarded as the star sectors of the Los Angeles economy.

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New AECOM CEO Unveils Restructuring Plan

Just two months into his tenure as chief executive of Century City-based engineering and infrastructure giant AECOM, Troy Rudd’s first bold move is a company restructuring.

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Cedars-Sinai Wins $8.3 Million Grant for Covid-19 Study

Cedars-Sinai Health System has been awarded a five-year, $8.3 million grant by the National Cancer Institute to study the risk of Covid-19 for minority populations

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Construction Firm Cumming Names New CEO

Downtown-based construction management firm Cumming Corp. named chief operating officer David Baird as its new chief executive.

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Airports Report Traffic Gains for August

Passenger traffic at three of the Los Angeles region’s four airports continued to climb back in August from the coronavirus-induced collapse, reaching pandemic-era highs.

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Concierge Health Service Sollis to Open in LA

New York-based concierge health service Sollis Health has started offering services in Los Angeles and plans to open a medical office in Beverly Hills later this month.

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8 OVER 80: Warren Olney, 83

For nearly 50 years, Warren Olney has been a fixture in Los Angeles broadcast journalism.

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Long Beach to Open New $1.5 Billion Gerald Desmond Bridge

After nearly 20 years of planning and seven years under construction, the $1.5 billion Gerald Desmond Bridge replacement connecting Terminal Island with the Long Beach mainland is finally opening.

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Fulgent Flying High With Covid Tests, S&P Listing

Temple City-based Fulgent Genetics Inc. has continued its rapid expansion of Covid-19 testing, snagging major contracts in September for New York City’s public school system, the state of Utah and Miami-Dade County in Florida.

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CHA Hollywood Presbyterian Names New CEO

CHA Hollywood Presbyterian Medical Center has named veteran hospital executive Marcel Loh as its new chief executive.

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Tetra Tech Acquires BlueWater Federal Solutions

Tetra Tech Inc. has acquired Virginia-based information technology services firm BlueWater Federal Solutions Inc.

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Molina Boosts New York Presence With $380 Million Deal

Long Beach health insurance giant Molina Healthcare Inc. has agreed to buy Affinity Health Plan for $380 million in cash.

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Summer Jobs Data Paints Grim Picture for LA County

Los Angeles County’s jobs recovery slowed over the summer, with the region lagging the state and nation in both unemployment rates and the proportion of jobs regained since the pandemic began.

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Organ Donation Agency OneLegacy Rises to New Challenge

By May, OneLegacy’s organ procurements not only recovered to prepandemic levels, but actually exceeded them.

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Edison Settles Thomas Fire Claims for $1.2 Billion

Southern California Edison said it has settled insurance companies' claims from the 2017 Thomas Fire.

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GoodRx Stock Soars on Opening Day

GoodRx Holdings Inc. reaped a bonanza as it began life as a public company last week.

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GoodRx Founders Poised for Big Gains From IPO

GoodRx Holdings Inc. founders Doug Hirsch and Trevor Bezdek are positioned to reap handsome rewards from the planned initial public offering of their Santa Monica-based prescription drug price shopping platform.

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Arrowhead’s Liver Drug Shows Early Promise

Shares of Pasadena-based Arrowhead Pharmaceuticals Inc. shot up 40% last week on news of positive preliminary results from a clinical trial for the company’s drug to treat a rare liver disease.

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Edison to Build 38,000 EV Charging Stations

Electric car drivers, a charging station will soon be arriving near you.

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8minute Solar Signs Another Major Deal

Mid-Wilshire-based 8minute Solar Energy has secured its third recent deal to build a major solar power generation and storage plant in the Central Valley.

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LAX Awards $335 Million Ground Access Contract

Los Angeles World Airports, the city agency that oversees Los Angeles International Airport, took a major step forward this month on roadway and utility improvements that are part of a $5.5 billion plan to improve ground access to LAX.

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Southwest to Become Dominant Carrier at LA Airports

Angelenos seeking alternatives to Los Angeles International Airport will soon find Southwest Airlines Co. has become the dominant player at the other regional airports serving L.A. County.

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L.A. County Unemployment Falls in August

L.A. County’s unemployment rate fell to 16.1% in August from a revised 17.9% in July.

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GoodRx Seeks to Raise $570 Million in IPO

Santa Monica-based GoodRx Holdings Inc. has priced its initial public offering at between $24 and $28 a share and hopes to raise $570 million from the offering.

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Radiology Partners to Acquire Mednax for $885 Million

El Segundo-based radiology services company Radiology Partners Inc. has agreed to acquire Mednax Radiology Solutions, a division of Sunrise, Fla.-based Mednax Services Inc., for about $885 million.

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Surf Air Secures $200 Million in Funding Ahead of IPO

Hawthorne-based Surf Air Mobility Corp., the subscription private air service that initially specialized in flying execs between Silicon Beach and Silicon Valley, has secured a $200 million investment that is contingent upon the company going public.

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Kroenke’s Rams Kick Off SoFi Stadium Era in Inglewood

SoFi Stadium opened to empty stands but is moving forward with the next phases of its development.

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JetBlue to Add Flights at LAX

Two months after deciding to abandon Long Beach Airport and make Los Angeles International Airport the focus of its Southern California operations, JetBlue Airways Corp. announced it is adding seven flights at LAX.

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American Moves Up Restart of LAX-to-Sydney Flight

American Airlines will relaunch its LAX-to-Sydney service in November, eight months ahead of the carrier's previously planned restart.

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International Traffic Remains Stalled for LA Airports

Domestic air travel has been slowly picking up at L.A.-area airports, but international air traffic remains stalled as foreign travelers steer clear of the coronavirus threat in Southern California.

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Southwest Airlines Picks Up Long Beach Slots From JetBlue

Southwest is the new dominant airline at Long Beach Airport.

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Fulgent Opens First Covid-19 Lab Outside California

Temple City-based genetic testing company Fulgent Genetics Inc. has begun Covid-19 testing at a new facility in Houston — its first testing lab outside of California.

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Puma Study Probes Nerlynx Side Effects

Westwood-based Puma Biotechnology Inc. has published interim results for a study tied to its main drug Nerlynx, an early stage breast cancer treatment that was approved three years ago by the Food and Drug Administration.

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Kite Partners to Develop Leukemia Treatments

Santa Monica pharmaceutical concern Kite is partnering with HiFiBiO Inc. to develop therapies to treat acute myeloid leukemia.

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Fulgent Shares Soar on Covid Testing Announcements

Shares of Fulgent Genetics Inc. jumped more than 11% on Sept. 3 following announcements about expanded Covid-19 testing.

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