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AstraZeneca caps monthly cost for asthma-COPD drugs at $35 a month under its assistance programs

AstraZeneca will expand the savings programs for its entire US inhaled respiratory portfolio, helping eligible patients pay no more than $35 per month for their medicine under its programs. Expanding the savings programs will help make its inhalers more affordable to patients with asthma and chronic obstructive pulmonary disease (COPD), including uninsured and underinsured. Pascal Soriot, CEO of AstraZeneca, said:...

Artesian sees lower earnings in 2023

Artesian Resources Corporation reported lower earnings in 2023 with the company seeing higher expenses that are now being offset by a temporary rate increase. The Newark area water company reported net income of $16.7 million, a $1.3 million, or 7.2%, decrease compared to 2022. Artesian operates in all three Delaware counties and in Cecil County, MD. Revenues totaled $98.9 million for...

House committe okays bill requiring hospital systems to report community benefit spending

A Delaware House committee has passed legislation that would order the state's nonprofit hospital systems to report their community benefit spending. House Bill 326 would require hospitals to report spending on uncompensated care, support for medical research, health education and prevention programs, community clinic subsidies, and social factors that affect health, according to the bill's text. The bill, sponsored by...

Bloom Energy, petroleum giant Shell to study feasibility of hydrogen technology

Bloom Energy Inc. and Shell Plc. will study decarbonization solutions, using Bloom’s proprietary hydrogen electrolyzer technology. Bloom and Shell will collaborate to develop solid oxide electrolyzer (SOEC) systems that could produce hydrogen for potential use at Shell sites.  “This technology could represent a potentially transformative moment for opportunities to decarbonize several hard to abate industry sectors,” said KR Sridhar, ...

Chemours probe centers on delaying payments as way to boost cash flow targets tied to incentive pay

The Audit Committee of the Board of Directors of The Chemours Co. issued an update on financial control issues that led to the CEO, CFO, and controller being placed on leave. The review reported that members of senior management delayed payments to some vendors to aid incentive compensation The review was launched after an anonymous call to the Chemours Ethics...

Amtrak adds Northeast Corridor trains after jump in post-Covid boardings

Amtrak has increased lower-priced Northeast Regional service, a mainstay at the Biden Wilmington Train Station. Northeast Regional trains also stop in Newark three times a day. The change will add options for Wilmington passengers making trips to Washington, DC and New York City. (See listing at end of post and check Amtrak's timetable for Wilmington stops. The expansion includes four...

Wawa plans to open 70 new stores in 2024

In 2024, Wawa plans to open more than 70 new stores, including first stores in three new states of Alabama, Georgia, and North Carolina. Openings are coming in the Midwest in the coming years as well as central and western Pennsylvania. Wawas are mainly located in the Mid-Atlantic and Florida. Delaware has more than four dozen stores. The store count...

Delaware home sales market slows slightly in January

The Delaware Association of Realtors reported that January's housing market posted a slight decrease in new listings and homes sold. The inventory of new homes did rise sharply. The median price increased by 4.50%, However, the median listed price increased by only 0.17%. The real estate group stated that pending sales fell by 8%, but active inventory showed 13% growth,...

From Spotlight Delaware: Bloom plans to move some jobs to Mexico

By Karl Baker, Senior Reporter, Spotlight Delaware Bloom Energy, the fuel cell producer that a decade ago promised to revitalize the state’s manufacturing sector, announced last week that it will move a slice of its Newark operations to Mexico at the end of 2024. The decision is one part of the California company’s plan to restructure amid increasing debt and continuous...

Bank of America to move 500 jobs out of downtown Wilmington by late 2025

Bank of America plans to phase out its presence at the Bracebridge complex in downtown Wilmington by late 2025. B of A spokesman Andy Aldridge said the move to company sites on Paper Mill Road and near the ChristianaCare campus does not represent a staff reduction, with positions downtown moving to the two Newark area sites. Bank of...

Harker on the economic outlook: We are in the final mile of the marathon

by Patrick T. Harker  The following are prepared remarks made by the President of the Federal Reserve Bank of Philadelphia at the annual Lyons-University of Delaware economic forecast. The views expressed here are solely those of the author and do not necessarily reflect the views of the Federal Reserve Bank of Philadelphia or the Federal Reserve System. It is a pleasure to...

Bloom Energy finishes 2024 with improved results, lower 4th quarter revenue

Bloom Energy Corporation reported improved results in the fourth quarter and 2024. The San Jose, CA-based company that operates a site in Newark reported a record $1.3 billion in revenue for 2024. However, the fuel cell maker saw a sharp drop in fourth quarter revenue and the departure of its chief financial officer. The company's results missed analyst estimates...

Chemours delays earnings report

The Chemours Company has postponed the release of its financial results and conference call related to the fourth quarter and full year-end earnings, which had previously been scheduled for Feb. 14 and Feb. 15, respectively. Chemours currently expects to issue its fourth quarter and full year 2023 financial results after market close on Wednesday, Feb. 28. The...

Price Automotive to open preowned vehicle and powersports store near Rehoboth

Price Automotive Group and Gillis Gilkerson Construction recently broke ground on the new Price Automotive Group, Price Premier Dealership, located on Route 24 near Rehoboth. Price of the project was not disclosed The dealership will feature a 22,300-square-foot preowned automotive sales and service center to be shared by the Price Automotive Group’s Diamond Motorsports ATVs, motorcycles, and boat...

My take: AstraZeneca’s quarter century in Delaware

The announcement that AstraZeneca will spend $300 million on a cancer cell therapy research and development site outside Washington, DC, came with a Wilmington dateline. That's because the UK-based pharmaceutical company has its US headquarters in Talleyville, just outside Wilmington. AZ is celebrating its 25th anniversary this year, an occasion noted by CEO Sir Pascal Soriot in an upbeat year-end...
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