Worcester Business Journal

wbjournal.com | October 16, 2017 | Worcester Business Journal 5 The only AAA Four Diamond-rated Hotel in the region Voted Best Hotel for Business Clients and Best Venue for a Business Meeting, Worcester Business Journal Best of Business Award Voted Best Hotel, Telegram and Gazette Best of Central Mass Award 363 Plantation Street, Worcester, MA 01605 Phone: 508.754.5789 | BEECHWOODHOTEL.COM THE LUXURY OF BUSINESS CLASS EVEN AFTER YOU LAND. B R I E F S Take bump stocks off the shelves Democrats, Republicans and even the National Rifle Association are calling for legislation to regulate or possibly ban the sale of bump stocks, a device making semi-automatic rifles function as automatic weapons. The Nevada man who authorities say killed 59 concertgoers and injured hundreds more while firing out of a Las Vegas hotel room reportedly used bump stocks on at least some of his weapons. Since the attack and subsequent calls for regulation, prices of bump stocks have more than tripled as demand has skyrocketed. F L A S H P O L L UMass receives $10M for rare disease research The UMass Medical School received a $10-million donation for the study of rare diseases such as ALS, cystic fibrosis and Huntington's. The gift -- one of the largest ever for the school -- came from a Chinese busi- nessman with no previous connection to UMass. Li Weibo said health research is one way in which his wants to give half of his money away over his life. "This is just the beginning. I will con- tinue my support," Li said through Guanping Gao, a professor at the Medical School who acted as a translator. Li's donation will establish the Li Weibo Institute for Rare Disease Research at the medical school, which already has researchers working toward discoveries on some of the world's rarest diseases. Li is also giving $750,000 a year to cover the costs of five Chinese students in the Graduate School of Biomedical Sciences. The donation in Octover comes a week after the school received a $2-mil- lion gift for ALS and neuroscience research from Diane Riccio and her hus- band, Dan, is the largest the school has received from an alum. The couple also gave $1 million four years ago. Li's gift is the first he has made to an American university. Li's business, Glory Harvest Group, includes real estate development, mining and e-commerce. Continued on next page Webster • Dudley • Oxford • Auburn • Worcester • Shrewsbury Designing services that deliver true value to her customers and exceed their expectations. At Webster Five, your success is important to us. Whether you're a small start-up or a large corporation, we offer all the financial tools, resources and progressive services you need to succeed. Make an appointment and tell Jane what's important to you. Visit web5.com/Jane or call 508.438.4731. What's important to Jane? Jane Cullen, VP, Business Services Manager KHJ23479_WEB-374_BuisLender_4.3x5.5_Jane_Mech2.indd 1 3/31/17 11:37 AM If you owned a gun shop, what would you do with your inventory of bump stocks in the wake of the Las Vegas shooting? Immediately take bump stocks off the shelves 62% Raise the prices to make more profit 13% "Most gun shops are for serious mentally stable people who either want guns for self defense or for sporting purposes. Bump stocks are a gimmick that serves neither purpose. They are a stupid device that only proves that legislators don't have a clue about guns and the needs and purposes for them." COMMENTS: Li Weibo (left, holding check) presents $10 million to UMass Medical School. Continue to sell them at original prices 25% "Gun legislation WILL NOT stop criminals. Let's spend time on legislation that will actually have a positive effect." "This whole bump-stock hysteria is a red herring."

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