T. Rowe Price among Tesla shareholders trying to sort out Elon Musk's tweets

T. Rowe Price Group Inc. will have a say in Elon Musk's big plan to take Tesla Inc. private. Musk stunned investors Tuesday when he announced the plan through a flurry of tweets. Tesla later published a letter on its blog that Musk sent to employees, in which the fiery CEO described how privatizing the publicly traded electric car manufacturer "is the best path forward." The announcement is a big deal for Baltimore-based T. Rowe Price because the money manager's mutual funds have a 6.4 percent stake in Tesla, according to federal filings. (Balt. Bus. Journal)

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Plan released for 2 million square feet of development near Grosvenor-Strathmore Metro

Newly released planning documents detail the ambitious proposal to build more than 2 million square feet of development on what's now a surface lot, wooded area and pond near the Grosvenor-Strathmore Metro station. As envisioned, the Strathmore Square neighborhood in North Bethesda will one day encompass seven or more buildings, two of them 300-foot-tall towers and one a 220-foot high-rise. (Bethesda)

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WeWork, shared office space, coming to new building planned for Harbor Point

WeWork, the New York-based shared work space company, plans to open its first Baltimore location in 2020 in a new office building at Harbor Point, a redeveloping former industrial site jutting into the Inner Harbor. WeWork will take two floors in a 12-story, 330,000-square-foot mixed-use building that Beatty Development, the company behind Harbor Point, announced in June it will break ground on soon. (Balt. Sun)

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Lexington Market overhaul backers eye 2019 start

Supporters of redeveloping Baltimore’s Lexington Market remain hopeful construction of a new facility that may cost as much as $40 million will start next year. Lexington Market Inc., the nonprofit operating the historic market, is still trying to reduce the price tag and secure funding nearly two years since plans were revealed. (Daily Record)

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Pho restaurant featured on the Travel Channel opening near Patterson Park

Man Vs. Pho, a Catonsville restaurant recently featured on the Travel Channel, is expanding to Baltimore with a new location opening up near Patterson Park next week. Owner Michael Tran said he's preparing to launch the second Man Vs. Pho at 3133 Eastern Ave. on Aug. 13. The eatery will be in soft-opening mode next week, with a grand opening scheduled for Aug. 22. The original Man Vs. Pho location made its TV debut back in June on the Travel Channel show "Man V. Food." (Balt. Bus. Journal)

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August 8 // Under Armour remains committed to opening flagship Fifth Avenue New York store

Under Armour Inc. says it is committed to opening a flagship store on Fifth Avenue in New York next year despite the sportswear maker's ongoing restructuring effort. Baltimore-based Under Armour announced in 2016 plans for a new brand house to open inside the space formerly occupied by the iconic FAO Schwarz toy store. The 53,000-square-foot store on the first floor of the General Motors building would put Under Armour's interlocking "UA" logo in front of thousands of tourists from all over the world. (Wash. Bus. Journal)

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Two-month growth streak for all 6 Maryland casinos ends in July

Maryland saw year-over-year gains in cumulative casino revenue last month, but a two-month growth streak for all six of the state's casinos came to an end, according to the latest report from Maryland Lottery and Gaming. Revenue from the state's six casinos totaled almost $146.5 million in July, a figure that's 5.6 percent higher than in July 2017, which saw an intake of nearly $138.8 million. Four of the state's six casinos saw individual year-over-year revenue increases. (Balt. Bus. Journal)

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Power lunch: Branches trimmed by utility crews are being turned into feed for Maryland Zoo animals

That munching sound you hear at the Maryland Zoo is the sound of giraffes, elephants, tortoises and other animals saving taxpayers big bucks. A new program has begun providing the zoo’s animals with branches that have been trimmed from healthy trees by electric utility crews. The vegetation — known as “browse” — is reducing the zoo’s feed costs by almost $2,000 a week, according to a BGE news release. The sight of workers in hard hats being hoisted skyward in baskets while they cut tree branches away from electric power lines has become increasingly common in Baltimore in recent years. (Balt. Sun)

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