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Under Armour agrees to pay $9 million to settle SEC probe into accounting practices

Under Armour will pay $9 million to settle federal regulators’ charges that it misled investors about its sales growth in 2015 and 2016 to meet analysts’ revenue targets. For six consecutive quarters beginning in the third quarter of 2015, the Baltimore-based sports apparel brand “pulled forward” a total of $408 million in existing product orders that customers, such as retailers, had requested be shipped in future quarters, the U.S. Securities and Exchange Commission found in an order released Monday.

Read More: Baltimore Sun
Dulaney Plaza becomes haven for women-owned businesses 

Judy Weidel owned an acclaimed salon with 50 employees in Mount Washington, but when the lease came due she knew she wanted something different and new. Joining with six other female employees who had gone through the salon’s apprenticeship program, they started Form Salon in October 2014.

MDOT rejects protest filed by losing bidder on I-495/I-270 project

A consortium that failed to win the right to build High Occupancy Toll lanes in Montgomery County has lost its initial protest, Maryland Matters has learned. The consortium, a group of firms that formed under the banner Capital Express Mobility Partners, filed a formal protest in March, after the Maryland Department of Transportation awarded the multi-billion dollar contract to a rival, Accelerate Maryland Partners (AMP).

Read More: WTOP
Maryland-based Novavax phase 3 clinical trial expands to include children 12 to 17

A Maryland-based COVID-19 vaccine producer is expanding its late-stage Phase 3 clinical trial study to include children ages 12 to 17. Novavax, headquartered in Gaithersburg, will assess the safety and effectiveness of its protein-based immunization on up to 3,000 adolescents across the United States, the company said Monday. Participants in the study will be monitored for two years after the last injection.

Read More: Baltimore Sun
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Businesses blame unemployment for trouble filling job vacancies

An increasing number of help-wanted signs are being posted in and around Baltimore, but businesses — particularly restaurants — are having a hard time filling vacancies. The problem has gotten so bad that several hospitality groups wrote a letter to the state labor secretary asking for a change in unemployment benefits policy. The signs of an economic turnaround are posted everywhere, but many of the job opportunities are going unfilled. Business owners are blaming changes in the state’s unemployment system, saying people are being paid not to work.

Read More: WBAL NewsRadio
COPT inks deal for Rekor Systems’ global HQ in Columbia

Software firm Rekor Systems Inc. has signed a lease for 55,000 square feet of space in the Columbia Gateway office park for a new global headquarters. The four-year-old company, which uses artificial intelligence to inform public safety efforts using vehicle recognition techniques and traffic monitoring, is expected to open its headquarters in August. The lease adds an anchor tenant at 6721 Columbia Gateway Drive, a five-story building called Wayline that is owned by Columbia-based Corporate Office Properties Trust.

Downtown Frederick businesses welcome hundreds for First Saturday

Kristen Fleming sat in the shade on Market Street, adding the finishing touches to a colorful chalk drawing of Finding Nemo characters. As she looked up and down the sidewalk — crowded, almost, with shoppers and restaurant-goers — she smiled from behind her tie-dyed mask. “It just feels nice that things are coming back to life,” she said. Fleming, an artist who’s lived downtown for about a decade, volunteered to brighten the streetscape for First Saturday.

New county rec and parks head learned on the job during COVID pandemic

When Jessica Leys walked into the interview in the fall of 2019 she was hoping to take a recreation administrator job in the Anne Arundel Recreation and Parks Department. After more than two decades in county government — the last 15 in the Budget Office —Leys wanted a change of pace. A physically active person in her personal life, she sought to channel her energy and enthusiasm toward a job that would keep her outdoors rather than behind a desk.

Read More: Baltimore Sun
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Three cannabis firms get ready to bring first edible products to Maryland market

Maryland medical cannabis consumers will soon have access to a whole new range of infused products, ranging from chewable gummies to chocolates, in the coming weeks. New regulations governing the manufacturing and sale of edible cannabis products in Maryland went live on April 19. Regulators with the Maryland Medical Cannabis Commission (MMCC) spent more than a year developing the rules and planning for the new market. Last week, they awarded the first set of permits for licensed processing businesses to begin making and distributing cannabis-infused foods.

Emergent Says Plan Coming Within Days To Fix J&J COVID Vaccine Mistake At Baltimore Plant
Emergent BioSolutions said it hopes to respond to federal regulators within days on how to resolve the problems at its East Baltimore plant. It’s the same facility that ruined 15 million doses of the Johnson & Johnson coronavirus vaccine. The FDA halted production at Emergent, and earlier this month released a report on its concerns over cross-contamination and sanitation inside the facility.
Read More: WJZ

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