Applied Biomimetic opens Gaithersburg production facility

Applied Biomimetic, a biotech company working with the convergence of polymer and protein membrane technologies, hosted a grand opening of its new production facility Nov. 6 in Gaithersburg. Dignitaries at the event included the Danish Ambassador Lone Dencker Wisborg, Biometric Chairman Mads Clausen and governmental leaders from Maryland, Montgomery County and Gaithersburg. (Daily Record)

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WeWork's future looks murky, but coworking is here to stay

Coworking definitely held some perks for Kelly Speakes-Backman. Her nonprofit, the Energy Storage Association, spent nearly a year at WeWork’s Metropolitan Square location, a block east of the White House. The space was certainly easy enough for her 10 staffers to move into while the association searched for a more permanent home. A slew of office amenities were at hand, and the food and beverage options didn’t hurt. (Wash. Bus.)

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Fourth Dimension Fun Center to open by next summer

Fourth Dimension Fun Center will bring laser tag, bowling, an arcade, two escape rooms and a restaurant — all under one roof — to Frederick as soon as this summer. (News-Post)

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Gannett, GateHouse approve merger, creating nation’s largest newspaper publisher

Shareholders of Gannett and GateHouse Media approved a deal Thursday to combine the companies, after management promised to find $300 million in annual savings that some critics warned would further squeeze already shrunken newsrooms but that some investors warned may not go far enough. (Wash. Post)

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Perspecta banks 10% revenue growth ahead of headwinds

Perspecta Inc. (NYSE: PRSP) continued to ride its Defense and Intelligence Community business toward strong second quarter earnings, even as CEO Mac Curtis previewed what could be some choppiness during the next two quarters. The Chantilly IT services contractor posted $1.17 billion in revenue, up 10 percent from the same quarter of the prior year, beating analyst estimates of $1.09 billon and leading executives to raise their mid-year guidance. (Wash. Bus.)

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MahoganyBooks owner Derrick Young talks diversity in retail, expansion plans

When Derrick Young walked with his daughter into a big-box bookstore four years ago, he walked out knowing he wanted his own store to be different. It had been in the middle of Black History Month, and Young had asked his daughter to pick out a book at the massive retailer. But while there were plenty of books on the shelves about slavery or characters who were overcoming racism, there was little else. (Wash. Bus.)

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Mortgage rates move higher on encouraging trade developments

After a short-lived retreat, mortgage rates resumed their rise this week. According to the latest data released on Thursday by Freddie Mac, the 30-year fixed-rate average climbed to 3.75 percent with an average 0.6 point. (Points are fees paid to a lender equal to 1 percent of the loan amount and are in addition to the interest rate.) It was 3.69 percent a week ago and 4.94 percent a year ago. The 30-year fixed average has risen four of the past five weeks. (Wash. Post)

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Amazon will challenge DOD on JEDI award, citing ‘political influence’

Amazon Web Services, a subsidiary of Amazon.com Inc. (NASDAQ: AMZN), plans to file a contract protest of last month’s Defense Department award of the $10 billion Joint Enterprise Defense Infrastructure (JEDI) cloud computing contract to Microsoft Corp. (NASDAQ: MSFT). An AWS spokesman confirmed to the Washington Business Journal in an email that the company plans to file a protest with the Court of Federal Claims at a yet to be determined date, citing "unmistakable bias" in the process as one of the reasons for the challenge. (Wash. Bus.)

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