August 13 // Emergent BioSolutions to acquire cholera and typhoid vaccines in $270 million deal

Emergent BioSolutions, a Maryland-based pharmaceutical company that provides infectious-disease vaccines for the U.S. government, is about to add cholera and typhoid vaccines to its arsenal of preventives. The company announced Thursday that it is spending $270 million to acquire PaxVax, a specialty vaccines manufacturer that sells Vivotif and Vaxchora, FDA-approved vaccines that protect against typhoid and cholera, respectively. The merger is expected to close by year-end. (Wash. Post)

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Orioles resume partnership with Papa John's a month after suspending promotions

A month after the Orioles cut ties with Papa John’s after the pizza chain’s founder used a racial slur during a conference call, the club has resumed its partnership with the company, citing Papa John’s’ “action to address this issue” and pledge “to re-earn the trust of their customers and employees.” The Orioles suspended their “Five Runs or More” online promotion with Papa John’s on July 12, a day after founder and former CEO John Schnatter resigned as company chairman for using racist language during a conference call in May. (Balt. Sun)

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Strathmore names second CEO in institution’s nearly four-decade history

Strathmore will have a new CEO for the first time in the North Bethesda arts institution's nearly four-decade history. Monica Jeffries Hazangeles has been named Strathmore's new president and CEO, the board of directors announced Friday. She replaces Eliot Pfanstiehl, who founded Strathmore in 1981. But Jeffries Hazangeles isn’t a new face in the halls of Strathmore on its Rockviile Pike campus. (Bethesda)

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Maryland opens solar-power subscriptions to all

Maryland has launched a pilot program that will allow anyone to power their home with solar panels — even if they are renters or condo-dwellers, or live in the shade of trees. Solar developers are looking for hundreds of residents to subscribe to six power projects planned across the state, including recently announced sites in Owings Mills and Westminster. Their offers include discounts on standard electric rates. (Wash. Post)

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July home prices in Maryland highest this decade

The median price for homes in Maryland’s major metro areas last month reached the highest July levels in a decade. Median sales prices in the Baltimore metro area increased 2.6 percent in July compared to the same time the year before, according to data provided by MarketStats by ShowingTime based on listing activity from Bright MLS. Meanwhile prices in Montgomery County increased by 6 percent and 1.1 percent in Prince George’s County. (Daily Record)

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Maryland Tax Free week starts Sunday — here's what you need to know

It's hard to believe, but the start of the school year is now less than a month away. Fortunately, Maryland Tax Free Week starts Sunday, which means now is the time to start shopping for all your back-to-school clothes. The annual sales tax holiday will run from this Sunday, Aug. 13 through midnight on Saturday, Aug. 18 and applies to qualifying clothing and footwear, as well as the first $40 of a backpack. (Balt. Bus. Journal)

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Revival of Jonestown in full swing as Hendler Creamery site buzzes

Workers filled the former Hendler Creamery site in Jonestown on Thursday as a $75 million conversion of the historic area to a residential and retail hub is underway. The development at 1101-1133 E. Fayette St. had been demolished over the winter by Hanover-based Commercial Group to make way for 296 new luxury apartments and 30,000 square feet of commercial and retail space. (Balt. Bus. Journal)

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Opportunity zones could bring more venture capital to distressed areas

Last year’s federal tax legislation created a new geographic zone that could be used to spread venture capital to distressed areas, including in Baltimore. Opportunity zones are economically distressed communities where investors could defer capital gains taxes by investing within the community, providing a benefit to investors and startups. The U.S. Department of the Treasury has designated 149 opportunity zones in Maryland. They will be in effect for 10 years. (Daily Record)

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