Sunday, September 25, 2022 |
Partly Cloudy


Vaccine maker plans massive investment in plant near BWI in Maryland to produce even more therapies

A trio of workers in sterile suits wipe down a room full of large metal vats and other equipment. It could be the start to a small batch of an artisanal beer, but the brews made at this plant in Harmans near BWI Marshall Airport are far more life-altering. This is a Catalent manufacturing plant, where officials plan to announce a $230 million expansion Tuesday to their “suites,” or lines, where small amounts of the most advanced medical therapies are produced for some of the biggest pharmaceutical companies.

Read More: Baltimore Sun
Business newspaper pages
Bainum unveils plans for new Baltimore Banner news site — and hires Kimi Yoshino, a top L.A. Times editor, to run it

Stewart Bainum was a novice to the news business when his name first emerged earlier this year as a would-be savior. The Maryland hotel magnate made a bold bid to buy the Baltimore Sun and its parent, Tribune Publishing, in what he described as a mission to restore local ownership and keep the newspapers out of the hands of a hedge fund with a history of stringent cost-cutting at its media properties.

‘Shift happens’: Downtown Partnership announces campaign to keep businesses in the central business district

The Downtown Partnership of Baltimore will work to strengthen the appeal of the city’s central business district amid a recent wave of corporate departures to newer developments east of the Inner Harbor. “In thriving cities, shift happens,” Downtown Partnership President Shelonda Stokes told local business leaders and city officials gathered Tuesday night for the organization’s annual meeting at One Charles Center Plaza.

100 US dollar banknote money
Bank of America supports Civic Works, Caroline Center with financial surprise

Bank of America is surprising local organizations with big checks. The financial institution hopes to provide funding and leadership training to nonprofits while building up underserved neighborhoods. They didn’t just award one group in Baltimore, but two different local nonprofits. Lynn Selby, the executive director of the Caroline Center, thought she was just doing a normal interview about her organization.

Read More: WBAL-TV
Why this restaurateur says Maryland should adopt paid family and medical leave legislation

The last 18 months have been challenging for restaurants to say the least. We have had to deal with Covid-19 infections, lockdowns and mask mandates amid constant anxiety about keeping our business alive. As we recently celebrated Maryland Restaurant Week in the middle of another wave of infections, our business has figured out how to stay safe, continue to serve our customers and even expand. The No. 1 challenge now is finding and hanging onto good employees, a problem that has been well-documented by the media.

Loyola course will let students invest in Baltimore’s social entrepreneurs

“My great-grandmother Lucille was born in Sumter, South Carolina, in 1922, and moved here when she was a child in the mid-1920s,” says entrepreneur Tyrell Dixon, his voice overlaying footage of Baltimore city streets, accompanied by a subtle piano score. “And, like a lot of Black families during that time, came here looking for opportunities that didn’t exist in the South.”

Drone Delivers Lungs to Hospital

Last month, United Therapeutics made history when the company transported a set of lungs by drone in Toronto. The transplant flight is a result of a collaboration between United Therapeutics and Canada’s University Health Network. The container was specifically designed to ensure the lungs could make the flight, accounting for factors like temperature, vibrations, bumps and air pressure. This technology is paving the way for availability of organs to more patients in the future. Having reliable, timely transport for organs remains one of the largest hurdles for organ availability.

Read More: CBS News
Bank of America lifts minimum hourly pay to $21

Bank of America announced Wednesday it has raised its U.S. minimum hourly wage to $21 as a next step in the company’s plans to increase to $25 by 2025. In May, the company also announced that all of its U.S. vendors are now required to pay their employees dedicated to the bank, at or above $15 per hour. The move by Bank of America, the largest bank in Maryland and the second-biggest in the nation, is part of a broader movement to elevate minimum pay levels by retailers, financial institutions and other businesses as employers compete for workers in a tight labor market.

United Therapeutics Converts to a Public Benefit Corporation

Downtown Silver Spring-based United Therapeutics Corporation yesterday announced that following shareholder approval, it has officially converted to a public benefit corporation (PBC), the first PBC conversion of a public biotech or pharmaceutical company. “We are inspired by our shareholders who recognize that caring for our patients, planet, employees, communities, and other stakeholders enhances our ability to generate strong shareholder returns,” Martine Rothblatt, Ph.D., Chairperson and Chief Executive Officer of United Therapeutics, said in a statement.

The Look Ahead: Ashley Greenspan, public affairs manager of Crown Castle

When data is travelling between devices, there’s a good chance Crown Castle is helping to facilitate the connection. In the latest episode of video interview series The Look Ahead, a conversation with Crown Castle Public Affairs Manager Ashley Greenspan centered around the differences between an ISP and a company that creates the infrastructure an ISP depends on to function, what municipal broadband would mean for ISPs and consumers, dispelling misinformation about 5G and how the increased Wi-Fi capabilities of 5G could be integral in providing internet to communities.

Read More:

The Morning Rundown

We’re staying up to the minute on the issues shaping the future. Join us on the newsletter of choice for Maryland politicos and business leaders. It’s always free to join and never a hassle to leave. See you on the inside.