Business

Under Armour is placing a $25 million bet on Kevin Plank. The Baltimore company’s CEO has four years to double Under Armour’s stock price, and if he can do that, he will earn more than $25 million in stock compensation. Plank, who recently returned to the company’s top job, had his new compensation plan outlined in a Securities and Exchange Commission filing that details the company’s financial aspirations.

Since the purchase five months ago of the Baltimore Sun by conservative broadcast mogul David D. Smith, staffers have been watching for changes, bristling at some (the rightward tilt of the op-ed pages) and eye-rolling at others (the paper now carries an “Ask the Vet” column by Smith’s veterinarian daughter, Devon Smith).

Apple has jumped into the race to bring generative artificial intelligence to the masses, spotlighting a slew of features Monday designed to soup up the iPhone, iPad and Mac. And in a move befitting a company known for its marketing prowess, the AI technology coming as part of free software updates later this year is being billed as “Apple Intelligence.”

If you’re flying this summer, your best chance for an on-time flight could be Delta Air Lines, the third largest carrier at Baltimore/Washington International Thurgood Marshall Airport. Worried about canceled flights? Alaska Airlines, BWI Airport’s seventh-busiest carrier, is a concern. Apprehensive about getting bumped off your flight? Maybe steer clear of Frontier Airlines, the sixth-biggest carrier locally.

An aging medical center that’s part of a larger development opportunity site in Silver Spring has changed hands. Avison Young announced June 6 the sale of Doctors Medical Park, about 98,000 square feet of 1980s-era, low-rise medical office buildings at 10301 Georgia Ave., for $15.25 million. The property includes two main buildings and a smaller one in between, plus parking lots on 4.8 acres about three-quarters of a mile north of the Red Line’s Forest Glen Metro station.

Maryland’s substantial government procurement economy comprises 18% of its gross domestic product and is primed to grow, but Maryland-based businesses aren’t benefiting enough, according to a Drexel University study released Thursday. Like the federal and state governments, Maryland’s local governments, especially its largest jurisdictions such as Baltimore city and Baltimore, Montgomery and Prince George’s counties, have their own procurement systems.

Fells Point coffee shop Daily Grind is opening its ninth location at Baltimore Peninsula in South Baltimore. Daily Grind will open in the new 2455 House Street building, which is also home to the CFG Bank headquarters. Daily Grind was founded in 1991 in Fells Point and roasts its coffee in Little Italy. It has locations at Johns Hopkins Hospital, Johns Hopkins University, Saint Joseph Hospital, Greenspring Station, and University of Maryland BioPark.