Good morning, Baltimore. It's almost hard to believe how long it's taken us to get here to Friday, Sept. 23, the first day in what seems like forever when the temperature will never cross 70 degrees Fahrenheit.
While the astronomical fall began on Thursday for us in the Northern Hemisphere, today's feels like the first true day of fall.
For the South Baltimore development, the reports of new tenants is significant news after Evergreen Advisors scrapped its plans of signing a 10-year lease at Port Covington earlier this year over fears the project was not far enough along. Then-Under Armour CEO Kevin Plank first unveiled his plans for the real estate project in 2015 after acquiring more than 128 acres of land in the area, but the development has since gone through several rebrandings, including a failed attempt to sell the area as "Cyber Town USA".
Elsewhere in business and/or Baltimore-area news...
- The U.S. Securities and Exchange Commission said that Boeing will pay a $200 million settlement over charges that the company and former CEO Dennis Muilenberg failed to proper disclose safety issues with its 737 Max jetliner. Investigators were looking into whether the company and Muilenberg had not properly disclosed known safety issues with the 737 Max jetliner to its shareholders in the wake of two jetliners crashing in October 2018 and March 2019. Bloomberg
- FedEx will hike its shipping rates after the company said its first fiscal quarter results were impacted by weakening global demand. In issuing its full first quarter results on Thursday, the shipping company said it would increase its express, ground and home delivery rates by an average of 6.9% and its freight rates will increase by an average of 6.9%-7.9%. CNBC
- Baltimore nonprofit Jack and Nancy Dwyer Workforce Development Center is purchasing a Texas nursing home portfolio for $590 million as it looks to tackle the nation's nursing shortage while also providing economic opportunity to underprivileged residents. Founder Jack Dwyer said that the acquisition was always part of the nonprofit's goals and profits from the portfolio will help its expansion across the country. BBJ
- A Wall Street Journal investigation found that trucking contractors hired by Amazon received unsafe driving scores at rates more than twice as much as similar companies. Since 2015, 75 people have died in crashes that involved trucking companies hauling freight for Amazon, according to the Journal. WSJ
- 38% of American adults have changed jobs in just the past two years, according to a new NPR/PBS Newshour/Marist poll released Thursday. More than half of Gen Z and millennial workers who answered the poll had left their job in the past two years and Economic Policy Institute President Heidi Shierholz said it's a flip from after the Great Recession of 2008, which saw employees staying put at their jobs. NPR
- Hurricane Fiona has raised familiar questions about Puerto Rico's power grid as it struggles to provide electricity to the island's residents. As of Tuesday morning, an estimated 1.18 million customers did not have electricity and some are pointing to disagreement between FEMA and the Puerto Rican government over the implementation of federal funds in the wake of Hurricane Maria five years ago to improve the grid. ABCNews
- Pepsi S'mores. Three flavors, one for each of the ingredients in a S'more, put into a Pepsi-Cola soda. Alright. NYBJ
- Finally, cheese. Fancy cheese, at that. Board in a Box, a Baltimore-based charcuterie business based in the Highlandtown neighborhood, is having its grand opening this weekend. Cheese. Instagram
Orioles Watch: Entering Thursday's game against the Astros, the Orioles were four games back in the Wild Card race for the playoffs with 14 games left to play. Following their 2-0 win, they are still four games back from winning the final Wild Card spot as the Seattle Mariners, who hold the spot, also defeated the Oakland A's by a score of 9-5.
