In a bold move set to reshape the pharmaceutical landscape, AstraZeneca has announced a substantial $3.5 billion investment aimed at expanding its research and manufacturing footprint across the United States by the end of 2026. This strategic initiative underscores the company’s commitment to enhancing its presence in its largest market, which currently accounts for 44% […]
In a decisive move to maintain competition within the healthcare sector, the United States Department of Justice, in collaboration with attorneys general from Maryland, Illinois, New Jersey, and New York, filed a lawsuit on November 12, 2024, aiming to prevent UnitedHealth Group’s proposed $3.3 billion acquisition of Amedisys Inc. The lawsuit contends that this merger […]
Atlantic Union Bankshares Corporation (NYSE: AUB) has announced a definitive agreement to acquire Sandy Spring Bancorp (Nasdaq: SASR) in a $1.6 billion all-stock transaction, set to reshape the mid-Atlantic banking landscape. The deal aims to consolidate Atlantic Union’s presence, making it the largest regional bank headquartered in the lower mid-Atlantic and expanding its influence in […]
Montgomery County, Maryland, in partnership with AlphaStruxure, a leader in Energy as a Service (EaaS) solutions, has officially commenced construction on a pioneering microgrid infrastructure project. This project is set to transform the David F. Bone Equipment Maintenance and Transit Operations Center into a hub for sustainable transit, featuring electric bus charging and onsite green […]
In a sensational development this Saturday morning, the US-50 Bay Bridge in Maryland became the epicenter of a horrific multi-vehicle collision. More than a dozen people were injured in this serious incident that involved over 35 vehicles in a chain-reaction crash on the iconic bridge. A Traffic Nightmare Unfolds Around 8 a.m. ET, chaos ensued […]
In a major traffic incident, a multi-vehicle crash caused the closure of all lanes on the heavily-traveled U.S. 50 Bay Bridge in Maryland, leading to significant traffic disruptions on Saturday. The Maryland Transportation Authority urged motorists to brace for major delays following the accident. Impact on Traffic and Emergency Response The crash, which occurred on […]
Rocket Lab USA, Inc. (Nasdaq: RKLB), a key player in the launch and space systems sector, recently announced the significant expansion of its space systems business. The development includes a dedicated production and development complex in Middle River, Maryland, designed to deliver an extensive range of advanced composite products for the space industry and enhance […]
Berkshire Hathaway Energy has officially closed its $3.3 billion purchase of Dominion Energy’s 50% limited partnership stake in Cove Point LNG, LP, escalating its total ownership to an imposing 75%. Announced back on July 10, 2023, and finalized on September 1, 2023, the ownership stake is now strategically held within BHE GT&S, LLC, a specialized […]
Burke & Herbert Financial Services Corp. (“Burke & Herbert”) (Nasdaq: BHRB) and Summit Financial Group, Inc. (“Summit”) (Nasdaq: SMMF) have made headlines by announcing a definitive all-stock merger agreement. The merger, which values the deal at approximately $371.5 million or $25.20 per share of Summit Financial Group common stock, is set to create a bank […]
In a horrifying turn of events, an Indian family was found lifeless in their Maryland home, sending shockwaves through both the Indian diaspora in the US and the homeland. As per the buzzing report from the Times of India, the victims – a couple and their innocent six-year-old son – originally hail from Karnataka’s Davanagere […]