PHARMACEUTICAL

Moderna hires chief scientific officer

Moderna Therapeutics Inc., a Cambridge-based pharmaceutical company, is beefing up the scientific team for its pioneering drug technology and has hired one of the key researchers in the field from the University of Massachusetts Medical School. Melissa J. Moore, a biochemistry and molecular pharmacology professor who helped launch the RNA Therapeutics Institute at UMass, will join the biotech company valued at $4.7 billion in October. Moore will be a chief scientific officer and head up the company’s research on messenger RNA, a drug technology that prompts a patient’s own cells to produce proteins and antibodies that fight disease. Moderna has been one of the leading companies in using this new technology to develop drugs that combat cancer and other illness. Moderna last year lost its chief scientific officer who resigned amidst several staff departures, Stat reported. Moore is currently a member of Moderna’s scientific advisory board and has also been helping the biotech firm train women for leadership roles. Moore will remain a part-time unpaid faculty member at UMass where she will lecture occasionally. — DEIRDRE FERNANDES

MEDICAL

Dana-Farber to buy research space in Longwood

Dana-Farber Cancer Institute is planning to purchase 203,000 square feet of research space in a new building with modern, light-filled laboratories in the Longwood Medical Area. The cancer center will use a state-issued bond of $233 million to purchase about five floors at the research building known as Longwood Center. Dana-Farber began relocating some labs into the building last year. Other areas of the building, including a new animal research facility, are expected to open early next year. As many as 700 people will work in the new spaces, most of them relocating from other buildings. Executives said buying the research facilities would be more cost-effective than to continue renting. “The space that we’re moving into is considered the perfect model of research space,’’ said Mark Gisherman, Dana-Farber’s director of treasury. — PRIYANKA DAYAL MCCLUSKEY

AEROSPACE

SpaceX hopes to restart rocket program in November

SpaceX, which lost a rocket in a launch-pad fireball Sept. 1, is seeking to restart flights in November. Investigators are still trying to determine the cause of the mishap, which also destroyed a satellite Facebook Inc. had planned to use to improve Internet service in Africa. Space Exploration Technologies Corp.’s billionaire founder, Elon Musk, said last week that the incident was “the most difficult and complex failure we have ever had in 14 years.’’ The ignition source for the blast wasn’t readily apparent and the spacecraft was idle at the time of the accident, Musk wrote in a tweet Friday. — BLOOMBERG NEWS

MEDIA

Time Inc. names new chief

Time Inc. said Tuesday that it had named a new chief executive, replacing its chief of the last three years, Joseph A. Ripp, effective immediately. The move comes as Time Inc., the publisher of Time magazine, People, and Sports Illustrated, tries to reinvent itself as a digital organization. Since its spinoff from Time Warner two years ago, the company has struggled with declining revenue as it looks to turn its well-known magazine brands into successful online properties. Rich Battista, Time Inc.’s executive vice president and president for brands, takes over from Ripp, the company’s chairman, who will become the executive chairman and continue to lead the board. Magazine publishers across the spectrum have struggled to adapt to an increasingly digital world, but Time Inc.’s strategy has at times appeared to lack focus. — NEW YORK TIMES

TOYS

Transformers and Care Bears among finalists for Toy Hall of Fame

The Fisher-Price Little People and Care Bears will square off against Rock ‘Em Sock ‘Em Robots and Transformers for a place in the National Toy Hall of Fame. Whether any or all make it will be announced Nov. 10. The hall revealed 12 finalists for the class of 2016 on Tuesday at The Strong museum in Rochester, N.Y. The list also includes Nerf foam balls, the board game Clue, the card game Uno, pinball, the swing, Dungeons & Dragons, and coloring books. Bubble wrap rounds out the list. If selected, it would join the cardboard box and stick among unconventional honorees. — ASSOCIATED PRESS

WEIGHT LOSS

Weight Watchers continues to struggle, even with Oprah’s backing

The Oprah Winfrey bounce is fading fast. Shares of Weight Watchers International Inc. tumbled on Tuesday after the abrupt resignation of Chief Executive Officer Jim Chambers, renewing concerns about the company’s uneven comeback bid. Winfrey, a media magnate with far-reaching influence, triggered a rally in the shares last October when she got involved with the company. In addition to taking a stake and joining the board, she became the most visible face of the weight-loss program. Since then, she’s posted videos about her progress, helping attract others to Weight Watchers. But the Oprah effect has only gone so far. Though Chambers managed to boost subscriber rolls in recent quarters, the company has disappointed investors with other financial results. — BLOOMBERG NEWS

MUSIC

Pandora to launch streaming music service

Pandora will soon take on Spotify, Apple Music, and others in an extremely competitive field with its own, $10 monthly streaming music service, and a cheaper version as well. The Internet radio company did not release details about the actual cost for the lower-priced service Tuesday, saying only that it would be ‘‘mid-priced.’’ The new services will launch before the end of the year, the company said. The new subscription service will give users control over which songs they want to hear. Currently, Pandora users can’t select which songs or albums they want to listen to on demand. Instead, users choose artists or songs they like and Pandora puts together a playlist. An ad-free subscription service, called Pandora One, costs $5 a month. — ASSOCIATED PRESS

MARKETING

Deal ends tracking of children’s data on websites

Children visiting websites for SpongeBob SquarePants, Barbie, and other popular kids’ brands will no longer have their personal data illegally tracked for marketing purposes under a deal between New York’s top cop and four companies including Viacom Inc. and Mattel Inc. New York Attorney General Eric Schneiderman said on Tuesday that a two-year probe of the companies, including Hasbro Inc. and JumpStart Games Inc., found they violated the Children’s Online Privacy Protection Act. The companies used technology that allowed third-party vendors to collect and use personal information from children under the age of 13 without parental approval, Schneiderman said in a statement. — BLOOMBERG NEWS

INTERNATIONAL

Britain’s new five pound note is plastic

The times they have a-changed: Britain’s new money is plastic. The new 5-pound ($6.60) bill introduced Tuesday is strong polymer and can handle a trip through the washing machine without shredding like the paper cash it’s replacing. It’s got the latest anti-counterfeit and security features and Bank of England officials insist it will be cleaner, safer and stronger than paper money. But it’s not all new and modern: The portrait on the new fiver depicts wartime leader Winston Churchill (displayed by Bank of England Governor Mark Carney), still one of Britain’s most revered statesmen. Some 440 million of the new notes will be phased in, to be followed in the coming years by new ­ 10-pound and 20-pound plastic bills. — ASSOCIATED PRESS