Delaware Business Now
Cancer drug start-up launched by former Incyte researchers gets $102 million in funding
Synnovation Therapeutics launched this week with $102 million in financing led by Third Rock Ventures with participation from Nextech, Lilly Asia Ventures, Sirona Capital, and Cormorant Asset Management. Former research executives of...
My take: ‘What we know’ headlines spreading like Kudzu
You may have noticed a trend in the world of headlines.
All too often, headline writers, instead of simply summarizing the story, add terms like "what we know," "what you should know," and "what we...
Business people: Jan. 25, 2024
The Delaware State Chamber of Commerce (DSCC) named the following new members to its Board of Directors and Board of Governors, effective January 1:
W. Douglas Mokoid, Delmarva Power, David A. Tam, Beebe Healthcare
The following...
Carney outlines proposed $6.1 billion state budget
Gov. John Carney unveiled his final proposed budget Thursday.
The $6.1 billion budget continues to set aside more than $400 million in stabilization funds to be used leaner economic times. The...
Ørsted ‘repositions’ Skipjack Wind project citing economic hurdles
Ørsted announced it will "reposition" the Skipjack Wind project located off Maryland and Delaware.
Following consultation with the State of Maryland, Ørsted has withdrawn from the Maryland Public Service Commission orders approving...
Avelo notes: Passenger traffic stats and more parking as motel and long-vacant restaurant are...
The Wilmington Airport (ILG) had hinted on social media that more parking is on the way.
On Thursday, we learned that next week, demolition will begin on the former Comfort Inn Skyways and the long-vacant...
DuPont shares tumble after release of preliminary earnings report
DuPont shares tumbled after the company announced preliminary financial results for the fourth quarter and full year ended December 31.
The final results will be announced in early February. The company will post a loss...
River & Bay’s budget includes razing Wilmington Airport motel to make way for parking
Delaware River and Bay Authority commissioners have approved a capital improvement program and five-year strategic plan, including funding for airports, bridges, and ferries.
The two-state agency's budget includes razing a motel at the...
Updated: Delaware sees a $4 million investment in local news as print reporting resources...
By Andrew Sharp
Sharp is a Delaware-based freelance reporter. The Delaware Journalism Collaborative, of which Delaware Business Now is a member, supports Sharp's reporting.
To say the newspaper business is struggling is a bit like remarking...
Federal judge dismisses false advertising suit against Newark-based weight loss company GOLO
A federal judge in California judge issued a nine-page decision granting GOLO's motion to dismiss a false advertising class action lawsuit filed against the Newark-based company in 2021.
The dismissal came early in...
Federal judge orders return of Cabela’s ammunition subpoena case to state court
Cabela’s Inc. was unsuccessful in what the Attorney General's office described as an effort to hinder an investigation into reports of 500,000 rounds of ammunition shoplifted from the retailer’s Christiana location. A U.S. District...
Dewey Beer opening Denver taproom-brewery
Dewey Beer Company is headed to the Rockies with a new taproom in Denver’s RiNo neighborhood.
Following a pop-up taproom at the Great American Beer Festival in October, Dewey Beer is moving into the former...
GOP tax cut legislation fails to get out of committee
Legislation reducing the top Delaware personal income tax rate to 5% failed to get out of a House Committee.
Delaware has one of the nation’s higher income tax bites, with a top rate of 6.6%...
Delaware ranks 16th in report on those interested in new business or ‘side hustle’
Delaware was tied for 16th in a report on those looking to start a new or side business.
According to a new study, Mississippi has the fewest people looking to start a new...
O’Mara builds campaign war chest while weighing bid for governor
Former state Natural Resources Secretary Collin O’Mara has more than $870,000 cash on hand as he considers entering the race for governor.
O'Mara, a Democrat who resides with his family in Bear, ...
Fire damages Sussex County EMT vehicles
A fire damaged Sussex County Emergency Medical Services Paramedic vehicles and a carport in Milton early Monday evening.
A Milton Fire Department crew arrived and found a vehicle and carport on fire. Other fire companies...
My take: Solar net metering study a no-brainer
You may think you see too much commentary in this space involving Legislative Hall. Still, there are are many matters of business interest we're seeing in 2024.
One example is a resolution introduced last...
Story & video: State Chamber, Manufacturing Association roll out ‘Coolest Thing’ contest
The Delaware State Chamber of Commerce and its affiliate, the Delaware Manufacturing Association, want to raise awareness of products made in the First State.
That led the organizations to launch a contest entitled - the...
AZ cancer drug shows promise in prolonging lives for those with a type of...
A Phase III trial showed that AstraZeneca’s cancer drug Imfinzi, in combination with TACE and bevacizumab, improved survival rates in patients with HCC, a type of liver cancer.
The results were disclosed...
Multinational giant Sodexo acquires New Castle-based K&R Vending
Sodexo’s InReach acquired K&R Breakroom Services headquartered in New Castle. The price was not disclosed.
With this purchase, Sodexo’s InReach will serve Philadelphia, southern New Jersey, Delaware, and eastern Maryland, a release stated.
“The...
