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T. Rowe Price CEO Bill Stromberg to retire after 35 years at Baltimore firm

T. Rowe Price Group CEO Bill Stromberg will retire in December after 35 years at the Baltimore-based money management firm. Rob Sharps, a 24-year veteran of the firm, will become president and CEO on Jan. 1 and take over as chair of the management committee, the company announced Thursday. Sharps serves as the firm’s president, head of investments and group chief investment officer as well as a member of the firm’s management committee. Sharps also will join the board of directors.

Read More: Baltimore Sun
Ep. 14: Wait for It— A National Intern Day Special

In Episode 14 of The Lobby—a National Intern Day Special—, Damian is joined by Sara Walsh, Stephen Hook, and Julianne Blackman, interns at KO Public Affairs. They discuss working in a professional environment during a pandemic, what they have learned from their experiences with KO, and their career goals in the political sphere. Then, stick around to hear the interns’ favorite parts of working for the firm.

Help us welcome the next generation of communicators in the lobby.

We hope to see you soon.

Rail operator planning Maglev train opposes developer’s court motion in high-stakes property dispute

A rail operator seeking to take over a Westport development site for a high-speed Maglev train linking Baltimore and Washington asked a court Friday to deny the property developer’s request to dismiss a condemnation lawsuit. Maglev company Baltimore-Washington Rapid Rail filed a lawsuit June 7 to condemn 43 acres on Westport’s waterfront where Sparks-based Stonewall Capital plans to build a 1,300-unit mixed-use community of apartments and town houses.

Read More: Baltimore Sun
Maryland counties grapple with controlling growth of solar farms

Anne Arundel County has imposed a ban on industrial solar operations, then enacted a moratorium on using agricultural land for solar fields. Frederick County has adopted temporary moratorium on the projects, Kent County has battled a proposed solar array outside of the Eastern Shore city of Chestertown, and Montgomery County has adopted a heavily amended bill that restricts where solar projects can be built on farmland.

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14. The Bigger Picture (Part 3) with Marc Weller, Marc Broady, and Mike Middleton

On episode 14  of The Conference Call, the final of a three-part conversation with Marc Weller and  Marc Broady of Weller Development, and Cherry Hill’s own Mike Middleton, the group gets at the root value of partnership, and what that means for community health, impact, and legacy. Join us for a conversation about Weller’s vision for instilling lasting change in Baltimore and creating spaces that draw people to the city.

Novavax’s effort to vaccinate the world, from zero to not quite warp speed: ‘This takes time and expertise’

On a sweltering June morning, Novavax CEO and COVID vaccine maker Stanley Erck stood on a stage unmasked and did something that would have been unthinkable six months ago: He shook hands with Maryland’s governor. Erck was with Gov. Larry Hogan to announce Novavax’s global vaccine headquarters ― a Gaithersburg campus expected to house laboratories and more than 800 employees. Hogan called Novavax’s future “bright” and crowed that more than 71% of the state’s adults had received at least one shot.

Read More: Baltimore Sun
Local construction union, business leaders promote high-speed maglev train at Baltimore rally

Baltimore and Washington D.C. construction union members, workers and business leaders gathered downtown Monday afternoon to advocate for the proposed high-speed train from Baltimore to the nation’s capital. More than 50 people listened and cheered as speakers at the rally urged leaders to approve the Northeast Maglev train, which they said would bring thousands of jobs, increase tourism and generate millions in revenue.

Read More: Baltimore Sun
Baltimore County liquor board votes to allow bars and restaurants to serve two alcoholic drinks to-go per meal

The Baltimore County liquor board voted to resume to-go liquor privileges for bars, restaurants and taverns with restrictions of two drinks per meal after a Monday hearing, effective immediately. The policy was approved for at least two years, allowing cocktails for carryout or delivery.

Read More: Baltimore Sun
Downtown Partnership gives five Black-owned businesses a ‘Boost’ with $50K grants

Five fledgling businesses were selected Monday for the first cohort of a program designed to help Black entrepreneurs gain a foothold in the local market. As part of the Downtown Boost program, the businesses will each receive grants of up to $50,000 to assist with opening a brick-and-mortar location downtown.

LifeBridge readies to raze, replace building at Grace Medical Center in West Baltimore

LifeBridge Health is preparing to add a new outpatient services building and community park on the former Bon Secours Baltimore Hospital campus. The West Baltimore medical facility, which was acquired by LifeBridge in late 2019 and renamed Grace Medical Center, has been undergoing a phased major facelift. In January, it welcomed the first patients into its updated 17,000-square-foot emergency department, and shortly after debuted renovated primary and specialty care clinics and a new surgical suite.

The Morning Rundown

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