Victor Stefanescu
Reporter
Stefanescu previously covered the business of food, aviation and real estate for news outlets in the Northeast and St. Louis, his hometown. He is a graduate of Boston College, where he studied communication and led the independent student newspaper, The Heights.
Latest from Victor Stefanescu
Tariffs are still a thing, and they’re hitting Medtronic’s profit
Company CEO Geoff Martha said Medtronic is delivering on getting new products to market, which will pay off down the line.
February 17, 2026
Cargill to close Wisconsin beef plant, lay off 221 workers
The Minnetonka-based agriculture giant is shuttering a ground-meat processing facility in Milwaukee to “better align” its portfolio.
February 12, 2026
Medtronic owes $382M after jury finds it violated monopoly laws
The Minnesota medtech giant plans to appeal the verdict. A California jury ruled that Medtronic’s bundling practices created unfair competition.
February 9, 2026
Boston Scientific stock plunges 17% on new competition in key tech
The price was down despite the company posting strong quarterly revenue and profit. The medtech company has major operations in Minnesota.
February 4, 2026
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What’s it like to live in Minnesota right now? Life in the shadow of ICE.
We asked people how their lives have changed, or not changed.
February 3, 2026
The ICE surge has disrupted business. Minnesota’s top economic official is ‘very concerned.’
In an interview, DEED Commissioner Matt Varilek spoke at length about how ICE is affecting businesses and making the job of growing the state’s economy more difficult.
January 30, 2026
Letter from CEOs on immigration actions in Minnesota stirs strong public reactions
Some called the statement too timid, while others applaud the coalition of more than 60 CEOs for urging a peaceful resolution to the conflict between local and federal officials.
January 27, 2026
Minnesota teens build app to help patients getting infusions find community
TogetherIV is the brain child of two Edina High School students, including one who gets monthly treatments for chronic conditions.
January 26, 2026
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Minnesota CEOs break silence on ICE surge, killings
More than 60 Minnesota executives penned a letter Sunday calling for an “immediate de-escalation” after the killing of Alex Pretti.
January 25, 2026
A big acquisition decades ago almost broke Boston Scientific. Its CEO says this time is different.
Boston Scientific, which is growing in Minnesota, is buying California’s Penumbra for $14.5 billion. CEO Mike Mahoney said the deal makes his company a neurovascular leader.
January 17, 2026
Boston Scientific inks $14.5B deal, boosting its Minnesota-dominated heart device portfolio
Boston Scientific has long used mergers and acquisitions to fuel growth. This deal appears to be its largest since its acquisition of Arden Hills pacemaker company Guidant in 2006 for $27B.
January 15, 2026
Minnesota’s biggest companies starting to feel heat from ICE surge
From Target to General Mills and Caribou Coffee, Minnesota’s largest employers are feeling pressure amid a surge of immigration officers in the state following the killing of Renee Good.
January 14, 2026
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