Five things: Biotech bad news, small-business grants, a Pong anniversary and where millennials are moving


Good morning, Boston. Here are the five things you need to know in Boston business news to start your workday.

Meera Raman reports that business owners of color are struggling to access capital at even higher rates than they were pre-pandemic, according to a new report by The Boston Foundation.

A 24-year-old Needham biotech that made its way to the Nasdaq in 2021 is drastically cutting its workforce while scaling back a cancer drug, Rowan Walrath reports.

Rowan also reports that a drug…

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