Wednesday Digest: All eyes on interest rates; SoMa high-rise gets special status

Meanwhile, two decades-old San Francisco bookstores are closing down.

5 things to know today, including a new tea spot in Folsom

Here’s what you need to know today.

Targeting the destruction of proteins, Peninsula biotech raises $50M

Using technology licensed from UCSF, startup looks to take targeted protein degradation to a whole new level

49ers plan for suite upgrades at Levi’s Stadium touches off another showdown with Santa Clara officials

“A big reason why we’re doing this is to see what the second decade at Levi’s Stadium will look like,” a 49ers official said.

After Hours: Business Journal’s Most Admired CEOs Awards

The Sacramento Business Journal recently celebrated its Most Admired CEOs at a black-tie dinner at the Hyatt Regency Sacramento.

Sac region shows big drop in construction jobs as big projects near end, Associated General Contractors says

Sacramento was one of the top markets for construction job losses between January 2022 and January 2023, according to the Associated General Contractors of America.

IGH Naturals closes in on its fourth health supplement patent approval

Rocklin supplement company IGH Naturals Inc. has received a preliminary approval for its patent application for a nutritional food that improves clinical outcomes for people with kidney disease.

San Francisco Travel lowers Moscone Center hotel room night goals through 2030

Familiar concerns remain a thorn in the side of San Francisco conventions.

In bankruptcy, Silicon Valley Bank’s parent company says it has no employees

As part of its bankruptcy proceedings, SVB Financial Group revealed it was something of a Potemkin village, at least when it comes to having employees.

Bankruptcy court starts sorting out SVB Financial Group’s $2B in tangled finances

The former owner of Silicon Valley Bank won preliminary bankruptcy court approval Tuesday to spend up to $100 million over the next 30 days as it seeks to sell the failed bank’s assets and sort out a complicated financial entanglement with SVB.