From the Philadelphia Business Journal

How artificial intelligence will impact the Center City office market
Friday March 23rd, 2018 06:09:47 PM Glenn Blumenfeld
“The development of full artificial intelligence could spell the end of the human race….It would take off on its own, and re-design itself at an ever increasing rate. Humans, who are limited by slow biological evolution, couldn't compete, and would be superseded.”— Stephen Hawking to the BBCA lot has been written over the past few years about the impact of Artificial Intelligence (AI) on different segments of our economy. Most of the attention recently has been focused on driverless cars…
These 11 companies will present at PACT's Phorum
Friday March 23rd, 2018 05:56:59 PM Michelle Caffrey
The seven past winners of the best-in-show award at the Philadelphia Alliance for Capital and Technologies's (PACT) annual Phorum conference have gone on to raise more than $50 million in capital and three navigated to successful exits. A new group of 11 startups will vie to become the next at the enterprise technology conference on April 12. The companies will present at the conference's demo pit, judged by Philly Startup Leaders President Bob Moore, Rittenhouse Ventures Principal Jayson Tischler…
PNC in 5-year deal to be official bank of NASCAR
Friday March 23rd, 2018 05:31:02 PM Jeff Blumenthal
The relationship will be used to woo corporate clients and prospective clients in new markets where it has expanded middle-market lending but no retail presence around the country.
Fastest (and slowest) growing counties in Greater Philadelphia
Friday March 23rd, 2018 04:08:48 PM Craig Ey
The U.S. Census Bureau released its 2017 population estimates this week.The Philadelphia metropolitan area had a decidedly mediocre showing – but there are some bright spots in the data. The city of Philadelphia, for example, continues to grow after losing nearly a quarter of its population in the second half of the 20th century.We decided to go deeper into the data and look at the population trends for Philadelphia's 20-county "designated market area" or DMA, which is more commonly known as…
Egalet CEO: 'We are moving the company closer and closer to profitability'
Friday March 23rd, 2018 04:03:34 PM John George
Egalet executives believe their company — which received a “going concern” warning from its auditors earlier this month — is headed in the right direction.Robert Radie, CEO of the Wayne specialty pharmaceutical company that specializes in abuse deterrent pain medicines, said Egalet’s net revenues climbed 55 percent to $26.1 million last year. It also took steps to curtail spending this year be between $20 million and $25 million. “We are excited about the business we are building,…
Best Real Estate Deals: The projects, people & companies changing the landscape
Friday March 23rd, 2018 01:57:58 PM Natalie Kostelni
This year, we received 50 nominations for Best Real Estate Deals. That’s a record and it speaks to the rise in activity across almost all sectors
Trump's tariff threats against China put U.S. states on notice. Here's what the Phila. region has to lose.
Friday March 23rd, 2018 01:55:35 PM Jeff Jeffrey
President Donald Trump's announcement Thursday to impose new tariffs on about $50 billion in Chinese goods marked the fulfillment of a campaign promise to counter what he says are unfair trade practices used by the nation's largest trading partner. No doubt dozens of U.S. states are bracing for the blowback.That's because many trade experts predict the tariffs will undermine relations with China, where officials have already said the country stands ready to respond with “necessary measures.”Any…
GSK withdraws from bidding for Pfizer's consumer health care unit
Friday March 23rd, 2018 12:21:54 PM John George
GlaxoSmithKline said Friday it has "withdrawn from the process" relating to the potential sale Pfizer’s consumer health care business. “While we will continue to review opportunities that may accelerate our strategy, they must meet our criteria for returns and not compromise our priorities for capital allocation.” said Emma Walmsley, the CEO of GSK, in a statement.Pfizer (NYSE: PFE), which is based in New York and has research operations in Collegeville, Pa., has been shopping its consumer…
3 Phillies games in April will be broadcast online but not on TV
Friday March 23rd, 2018 12:19:59 PM Jeff Blumenthal
Facebook will be broadcasting two games exclusively and NBC Sports Philadelphia is airing one game on its website only due to a scheduling conflict with Sixers and Flyers games.
Burlington County buzz: It got its own Shake Shack
Friday March 23rd, 2018 12:08:50 PM Dell Poncet
It's funny what makes people excited, piques their curiosity, validates their sense of self-worth. Sometimes it's something as simple as the grand opening of a joint that sells those hard to find gourmet rarities: burgers.According to the Courier-Post about 500 customers flocked to the first Shake Shack in South Jersey. The trendy burger joint opened in The Marlton Commons shopping center at Routes 70 and 73.The New York City-based Shake Shack chain has been planting itself on the western side…

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