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Clients sue high-end Annapolis jet company, allege fraud and misrepresentation

Past customers are suing AeroVanti, an Annapolis jet company, for allegedly failing to provide services promised for $3 million memberships in its elite “Top Gun” air club. Three individuals — Stephan Gratziani, Jorge Luis De La Concepcion and Alan Rodriguez — and Wishbone Media filed the lawsuit Monday in the Middle District of Florida Tampa division.

Our Nation’s Capital
Debt ceiling talks make progress, but House will leave town with no deal

House Speaker Kevin McCarthy said Wednesday that negotiations over raising the U.S. debt limit were progressing toward a deal despite disagreements over spending, with only eight days before the government could face an unprecedented default. That urgency became more apparent later Wednesday. Fitch Ratings, one of the big three ratings agencies, placed the United States’ triple-A status on “rating watch negative.”

 

Read More: CNBC
California cannabis brand to open first Maryland dispensary in Federal Hill

A California cannabis brand is expanding into Maryland with the opening of its first cannabis dispensary in Baltimore later this week. Cookies will open a location at 35 E Cross St. in Federal Hill on Saturday, May 27. The dispensary will be open for medical patients, but the company plans to transition to the recreational market, which will go live in Maryland on July 1.

Encompass Health prepares to open Prince George’s County rehab hospital

Birmingham, Alabama’s Encompass Health Corp. (NYSE: EHC) is getting ready to open a rehabilitation hospital in Bowie, in a bid to fill a gap in care for Prince George’s County patients. Encompass, which owns and operates rehab hospitals across U.S., said Wednesday the 60-bed inpatient facility is on track to start seeing patients in June.

When a shopping mall closes, what becomes of the art inside?

The world’s oldest sculpture is estimated to have been created about 40,000 years ago. Robert Perless’s “Monad” — a shiny metal blade 32 feet tall — is considerably newer. Perless made it in 1978 for Lakeforest Mall in Gaithersburg, Md. Will it stand the test of time? Forget 40,000 years. Some people worry “Monad” may not be around in four years. Lakeforest Mall closed at the end of March. Its new owners hope to redevelop the 100-acre site.

Sinai Hospital breaks ground on $95M cancer center

A $5 million donation to LifeBridge Health came full circle on Tuesday for Dennis Weinman as he saw the first patch of dirt get shoveled out for a new cancer building at Sinai Hospital. The real estate company president met a Sinai staff member who treated his grandmother and still remembered her more than 20 years after his grandmother got treatment for cancer.

George Drachas The Uncomplicated Guide to Investing
drachas.com
Stock futures slip as investors eye debt ceiling clash in Washington

Futures linked to the Dow Jones Industrial Average fell by 61 points, or 0.2%. S&P 500 futures declined by 0.2%, and Nasdaq-100 futures were down 0.1%. Treasury Secretary Janet Yellen previously warned lawmakers that a potential default in early June is “highly likely.” House Speaker Kevin McCarthy said he had a “productive” discussion with President Joe Biden on Monday. Nonetheless, there were few indicators of progress made in negotiations on Tuesday.

 

Read More: CNBC
Departures of Flying Dog, Guinness reflect industry trends, experts say

Weeks after Guinness filed plans to shutter its Baltimore County manufacturing plant, Flying Dog Brewery this week announced it will close its Frederick facility. But the departures are more indicative of industry trends than of a brewery problem in the state, say industry experts. Guinness’s parent company, Diageo North America, plans to close its Baltimore County site on June 9, according to a March filing with the Maryland Department of Labor.

Why you can count Montgomery County out on a new stadium for the Commanders

Montgomery County native Josh Harris is closing in on a purchase of the Washington Commanders. His group of limited partners includes a slate of businessmen who also have deep ties to the suburban Maryland county, including Danaher Corp. co-founder and Glenstone owner Mitchell Rales, serial investor Mark Ein and Michael Sapir, CEO of Bethesda’s ProShares. Given all those deep-pocketed local connections, is the county interested in getting in the game for the Commanders’ next stadium?

Meet this year’s winning companies and learn what it takes to create a great workplace

If your workplace was a fictional company or TV show, which one would it be? That’s one of the questions we asked this year’s Best Places to Work winning companies as part of our Mad Libs-themed special section. We got a variety of answers but the most popular response was “Cheers,” a.k.a. the place where everybody knows your name. Perhaps it’s not surprising that amid all the uncertainty of the last few years, employees are giving high marks to organizations that make an effort to know them personally rather than just seeing them as another line on a spreadsheet.

The Morning Rundown

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