Business

The Emmes Co., a Rockville clinical research organization, has snapped up its fifth company in less than two years, and its CEO says it’s still on the prowl for more acquisitions. The company, which runs research for public and private sector customers, has purchased Clinical Edge Inc., a Milwaukee firm that trains and certifies examiners for ophthalmology-related clinical trials. A sale price was not disclosed. The deal, announced Wednesday, will expand Emmes’ reach in Europe and Asia and broaden its offerings to include more certification and training services, Emmes President and CEO Christine Dingivan told the Washington Business Journal.

Earlier today, JPMorgan Chase & Co. (NYSE: JPM) CEO Jamie Dimon continued laying out the case for employees being in the office. Dimon, one of many prominent CEOs who have advocated for in-office work, said “management by Hollywood Squares doesn’t work well,” according to Triangle Business Journal’s Lauren Ohnesorge. Speaking before a group of business leaders at the University of North Carolina, Dimon suggested they look at “who’s getting ahead, who’s getting the plum assignments?” It’s the person going into the office every day, Dimon said. But a new survey shows a disconnect lingers between many top executives and front-line workers about the future of remote work — even after many businesses have embraced a hybrid setup.

Sinai Hospital broke ground Wednesday on a $50 million expansion that will double the size of its emergency room facilities. The old emergency department at the Northwest Baltimore hospital at 2401 West Belvedere Ave. will be gutted to make way for the new 70,100-square-foot facility, hospital President Daniel Blum said. LifeBridge Health, the medical system that operates Sinai, has sought to expand the emergency department for years, he added, with planning starting during the pandemic.

Two well-known names in the Baltimore business community — a banker and a downtown advocate — will lead United Way of Central Maryland’s “reimagined” fundraising campaign, the organization said Wednesday. Greg Farno, Maryland regional president for Truist, and Shelonda Stokes, CEO of the Downtown Partnership of Baltimore Inc., will head United Way’s Engagement Leadership Council — a new incarnation of the nonprofit’s longtime “Campaign Cabinet.”

Gaithersburg’s Emergent BioSolutions Inc. (NYSE: EBS) has completed its acquisition of a smallpox drug, four months after striking the deal — and paving another path for the local company to bolster the national stockpile. Emergent said this week it closed its agreement with Durham, North Carolina’s Chimerix Inc. (NASDAQ: CMRX) for exclusive worldwide rights to Tembexa, the first treatment for smallpox greenlit by the Food and Drug Administration.

The legal fight between the sons of ailing Orioles owner Peter Angelos is to spill into the courtroom for the first time with a hearing Wednesday in Towson. Brothers John and Louis Angelos are battling over the family stake in the baseball team, their father’s famous law firm and his multi-million-dollar office buildings. The fight has brought forth dueling lawsuits and allegations of power grabs, manipulations, even elder abuse. Hundreds of pages of court documents have pulled back the curtain on one of Baltimore’s most prominent and private families. A Baltimore County Circuit judge has scheduled an initial hearing for Wednesday afternoon.

Under Armour Inc. released Tuesday its 2021 Sustainability & Impact Report, outlining a new sustainability framework, goals and targets that will guide the company’s work to reduce the environmental footprint associated with its products and operations while accelerating its social and community impact. Aligned with Global Reporting Initiative (GRI) and Sustainable Accounting Standard Board (SASB) industry standards, the report outlines 23 goals and targets designed to drive company progress across three key pillars – Products, Home Field, and Team – and underscore Under Armour’s core values, including “Act Sustainably” and “Stand for Equality.”