IBBR Researchers get $1M for work on portable medical sensors

Researchers at the Rockville-based Institute for Bioscience and Biotechnology Research (IBBR) received $1 million from the Defense Threat Reduction Agency (DTRA), part of the U.S. Department of Defense) to advance its work developing wearable sensors that measure biochemical information to diagnose disease. IBBR Fellow Dr. Gregory Payne, a research professor with IBBR, is principal investigator on the award. The project is an ongoing collaboration between Payne and IBBR Fellow Dr. William Bentley, a professor in the Fischell Department of Bioengineering at the University of Maryland, College Park and director of the Robert E. Fischell Institute for Biomedical Devices, and researchers at the Naval and Army Research Laboratories. (Daily Record)

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Lockheed lands $492M Army contract for mobile rocket launching system

Bethesda-based global security and aerospace company Lockheed Martin will produce High Mobility Artillery Rocket System (HIMARS) launchers and associated hardware for the U.S. Army, U.S. Marine Corps, Romania and Poland under a $492 million contract, marking Poland’s first acquisition of HIMARS launchers. The contract calls for the production and delivery of HIMARS launchers and associated equipment by 2022. The HIMARS vehicles will be produced from the ground up at Lockheed Martin’s award-winning Camden, Ark., Precision Fires Center of Excellence. (Daily Record)

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How Europe’s ‘Digital Tax’ Plans Will Hit U.S. Tech Companies

France and Britain are hatching plans to tax the revenue, rather than the profit, of companies such as Facebook Inc. and Alphabet Inc.’s Google that make their sales primarily in cyberspace. They’re the first of potentially several countries in Europe implementing “digital taxes” meant to extract money from companies whose multinational earnings often escape the taxman’s grip thanks to legal loopholes and the virtual nature of their offerings. But the prospect of these laws has prompted a backlash from the U.S., which is threatening to use trade tools to retaliate. (Wash. Post)

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The Technology 202: Three Hill hearings kick off next phase of Washington vs. Silicon Valley

Backlash against Silicon Valley has been building in Washington — and it’s coming to a head today as executives from major tech companies find themselves in the hot seat at three Capitol Hill hearings. Representatives from companies including Facebook, Google, Amazon and Apple will be testifying for the first time in House lawmakers’ broad probe into whether the tech industry has grown too powerful. Meanwhile in the Senate, another Facebook executive will face a grilling about its widely criticized cryptocurrency plans, and Google’s lobbying chief will be rebuffing Republicans' allegations that its products are censoring conservatives. (Wash. Post)

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XXUnder Armour to release Q2 earnings report July 30

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Madison Marquette completes merger, names new CEO

Washington-based developer Madison Marquette completed its merger with The Roseview Group and named that firm’s CEO to the same position at the combined companies. The company, which built the One Light Street tower in downtown Baltimore, has been merging with firms in recent month to broaden the services it provides. It’s still keeping the Madison Marquette name. “It is an exciting time to be CEO of Madison Marquette,” new CEO Vince Costantini said in a statement on Tuesday. (Daily Record) 

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Maryland can manufacturer says tariffs have hurt its bottom line

Steel tariffs have cost a Maryland manufacturer millions of dollars and forced it to cut dozens of jobs, the company’s CEO said. Independent Can Company says the tariffs cost it $1 million last year and, along with lost business, will account for another $2 million hit this year. The Trump administration last year imposed tariffs of 25% on steel imported from foreign countries, steel that is essential to the Belcamp-company’s finished products. “The industry is hurting by this,” said Rick Huether, Independent Can’s president and CEO. “There’s work that I’m blessed that we are picking up new stuff from other people. If it weren’t for that it wouldn’t be good.” (Daily Record)

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Maryland poised to see positive job growth as automation takes over

There has been plenty of national worry about robots or computers taking over jobs that used to be held by human workers, as automated technology has made its way into industries like manufacturing. Maryland and the Washington, D.C.-Maryland-Virginia (DMV) region at large is in good shape to weather the wave of automation expected to pervade the U.S. workforce in the coming decade. Maryland may experience about 681,000 job displacements due to increased automation, equivalent to a rate of about 21.5%, by 2030, according to a new report from research and consulting firm McKinsey & Co. That is below the national anticipated displacement rate of 23%.