U.S. prepares to slap tariffs on remaining Chinese imports, which could add levies on roughly $300 billion in additional goods

The United States and China traded blows on Monday in the latest escalation of their tariff war, unnerving Wall Street and threatening to draw American consumers into the fray for the first time. Both nations, which just days earlier had anticipated sealing a comprehensive commercial deal, instead took steps to raise new trade barriers. In Beijing, the Chinese government announced plans to impose tariffs on $60 billion worth of American products in retaliation for U.S. tariffs that President Trump increased on Friday. (Wash. Post) 

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Marriott continues to make its case for home-sharing

Marriott International Inc. CEO Arne Sorenson continued to make the case for the company’s new home-sharing product to an at-times skeptical group of analysts during Bethesda hotelier's first-quarter 2019 earnings call. The company announced it was launching Homes & Villas by Marriott International April 29, after a yearlong pilot in several European cities that proved successful, according to Global Chief Commercial Officer Stephanie Linnartz.  After briefly addressing his recent cancer diagnosis and heralding the opening of Marriott's 7,000th hotel, Sorenson outlined more details about what the pilot showed during Friday's call. (Balt. Bus. Journal)

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EagleBank plans its first Prince George’s County location

Bethesda, Maryland-based EagleBank has signed a lease to expand into Prince George’s County with a loan office in Lanham. It will be located in the Palmer Business Park at 4550 Forbes Blvd., and will open this September. It will be EagleBank’s first office in Prince George’s County. “Prince George’s County is a market that presents extraordinary opportunities for EagleBank. The opening of the Lanham office is another important step in our growth strategy for this county, where we are committed to growing our business and building long-standing financial relationships,” said EagleBank President and CEO Susan G. Riel. (WTOP)

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Construction starts on next round of Port Covington building

A dump truck let loose a blast of its air horn and construction equipment tore into the soggy ground at Port Covington on Monday, celebrating the start of construction on a portion of the $5.5 billion redevelopment. It’s the start of work on the most significant building on the south Baltimore peninsula to date. The price tag for this round of construction, according to Weller Development Co., totals $700 million. (Daily Record)

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Anne Arundel Medical Center, Doctors Community Health to merge

Anne Arundel Medical Center and Doctors Community Health System are working toward a definitive agreement for forming a new, combined health system in Maryland. Lanham's Doctors Community began searching for a partner last year, to help strengthen its existing services, make new investments and to continue to meet the needs of its local patient population. It found a partner in AAMC, a regional health system headquartered in Annapolis. The two plan to come together to form a new health system. (Balt. Bus. Journal)

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Maryland joins multi-state lawsuit alleging generic drug price fixing

Maryland Attorney General Brian Frosh announced Sunday Maryland will join more than 40 other states that are alleging the nation's largest generic drug manufacturers conspired to artificially inflate and manipulate prices for more than 100 different generic drugs, including treatments for diabetes, cancer, arthritis and other medical conditions. The lawsuit, filed in federal court in Connecticut on Friday, also names 15 individual senior executives responsible for sales, marketing and pricing. (Balt. Sun)

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Party City plans to close 45 stores, eliminate plastic straws and boost its balloon business

Party City plans to close 45 of its 870 stores this year, and has found a new source of helium to alleviate the shortages affecting its balloon business. The chain, which operates more than 40 stores in Illinois, did not disclose the locations of the stores that will close throughout the year. However, the DeKalb Daily Chronicle reported last month that the DeKalb store will close Nov. 30. Typically, Elmsford, N.Y.-based Party City has closed 10 to 15 stores annually. (Balt. Sun)

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Conference focuses on how businesses can drive profits by implementing sustainability solutions

Can a market economy encourage business practices that promote environmental stewardship? Yes, it can, because environmental sustainability is proven to have direct benefits for businesses. These include decreasing dependence on high-energy costs, reducing packaging expense, and allowing organizations to benefit from government tax incentives and programs aimed at promoting sustainable practices. Given that implementing sustainable measures may involve higher, up-front capital outlay, how can businesses that are traditionally focused on key financial measures like revenue, profit, and growth justify pursuing sustainability goals that may not produce an immediate improvement in financial results? (Balt. Bus. Journal)

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