Friday, May 7, 2021
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Pharma company Incyte reports higher earnings in first quarter

Incyte reported growing revenues as its blockbuster drug Jakafi on its way to more than $1.5 billion in annual revenue. Incyte is based near Wilmington. Highlights  Total product and royalty revenues of $605 million in...

(From WHYY) Bill that would offer tenants legal representation in eviction hearings introduced

At the start of the pandemic last year, Delaware imposed a moratorium on evictions, an order that was modified by Gov. John Carney in July to allow evictions if they were “necessary in the...

Viewpoint: New opportunities to treat addiction in Delaware

 By Bethany Hall Long The past year presented us with unforeseen challenges that brought devastating changes to our way of life.  Many are hopeful that these next few months will be different and will gradually...

Chemours posts higher earnings as economy strengthens

The Chemours Company, Wilmington, reported higher earnings in the first quarter Highlights Net Sales of $1.4 billion, up 10 percent year-over-year Net Income of $96 million. Adjusted Net Income of $120 million with Adjusted EPS* of $0.71 ...

250 acres near Port Penn saved from development

New Castle County Executive Matt Meyer announced that nearly 250 acres of farm and wildlife lands near the Port Penn area of southern New Castle County are no longer subject to development. The now protected...

Bloom, Baker Hughes to collaborate on hydrogen, microgrid solutions

Bloom Energy and Baker Hughes, an energy technology company,  agreed to collaborate on the potential commercialization and deployment of energy technology. Bloom operates a fuel cell production plant in Newark. Baker Hughes and Bloom Energy will...

Updated: Delaware ranks 49th in jobless claim recovery from Covid-19

Delaware ranks near the bottom in the decline in jobless claims as the nation recovers from the coronavirus pandemic. The ranking came from WalletHub, a financial advice website. To identify which states’ workforces are experiencing the...

Artesian Resources posts small increase in net income

 Artesian Resources Corporation reported slightly higher earnings in the first quarter. Artesian is based near Newark.  Net income for the three months ended March 31, 2021, was $4.2 million, up to $100,000  or 3.2 percent for...

Daily coronavirus cases continue to decline in Delaware

According to the Thursday  report from the Delaware Division of Public Health, Delaware continues to see fewer coronavirus cases. The numbers  One new death reported today – an individual from Sussex County who was in...

Tech early stage companies share $275,000 in funding from Startup302 competition

Ten tech startups with at least one team member from an underrepresented demographic shared $275,000 in funding from Delaware’s first Startup302 competition, organized by Delaware Prosperity Partnership (DPP) local partners. Twenty-two finalists competed in nine...

Incyte agrees to pay $12.6 million to settle kickback allegations

Incyte Corporation agreed to pay $12.6 million to resolve kickback allegations related to its blockbuster drug Jakafi. The settlement was announced by the U.S. Attorney's Office in Philadelphia. Incyte did not admit to wrongdoing. Incyte...

Delaware ranks third in corporate tax climate study

Delaware ranks among the top three states nationwide for its corporate tax climate, according to a new report by the Tax Foundation and KPMG. The Delaware Prosperity Partnership and the Delaware Business Roundtable served on...