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
Boston Scientific selling 24-acre Minnetonka complex, moving workers to Maple Grove expansion
The medtech company has invested hundreds of millions in ballooning its footprint in the northwest Twin Cities suburb.
June 10, 2025
How a St. Paul civil engineering firm has thrived through intentionally slow growth
You’ve probably driven on a road Isthmus Engineering helped design. Katie Toghramadjian will turn down work to make sure the company doesn’t grow too fast.
June 10, 2025
Minnesota medtech firms increase lobbying as tariff costs pile up
Medtronic, Abbott Laboratories and Boston Scientific all increased lobbying by at least $100,000 for the first quarter of year.
June 9, 2025
Medtronic ups return-to-office policy for hybrid workers to four days a week
Previously, Medtronic required hybrid employees to work from the office three days per week.
May 29, 2025
Boston Scientific to cut jobs after discontinuing heart device
The company, with a huge Minnesota cardiology division, is cutting its Acurate devices, citing conversations with regulators.
May 28, 2025
Planned Parenthood North Central States to lay off 66 workers, restructure presence in Minnesota
The restructuring affects health centers in Apple Valley, Bemidji, Richfield and Alexandria.
May 23, 2025
Diabetes spinoff, C-suite shakeup, costly tariffs: Inside Medtronic’s busy quarterly results
Executives said the Fridley-run company’s diabetes division, which had previously experienced recalls and manufacturing issues, has turned around and is ready to stand on its own. Analysts have reservations.
May 21, 2025
Tariffs force Minnesota hospitals to brace for high cost of medical equipment, supply challenges
Trade groups have unsuccessfully urged President Donald Trump to exempt medical supplies and devices. One Minneapolis hospital shows the complexity of this supply chain.
May 20, 2025
Who’s Andrew Witty, the CEO who just stepped down at UnitedHealth?
The knighted health care veteran announced he is resigning as UnitedHealth Group’s CEO Tuesday.
May 13, 2025
Timeline: CEO Andrew Witty’s tenure marked by a pandemic, stock swings and pain
Shares of the Eden Prairie-based health care giant have plummeted since Brian Thompson was killed in December.
May 13, 2025
Solventum, facing tariffs of up to $100 million, raises sales guidance
The 3M spinoff based in Maplewood reported profit and sales above Wall Street expectations.
May 8, 2025
Medtech firms accused of changing spine devices, causing added pain and electric shocks
Medtronic and Boston Scientific are facing product liability lawsuits that will face a significant legal hurdle in federal courts.
May 8, 2025