AGP Executive Report

Delaware Court Fight Over Deal Appraisals: Endeavor Group and Silver Lake sued dozens of hedge funds in Delaware Chancery Court to block appraisal claims tied to Silver Lake’s $27.50-per-share buyout of Endeavor, arguing many investors bought after the deal was announced to profit from litigation. Banking & Consumer Relief: Delaware is among states in a $694M multistate settlement with Credit Acceptance over alleged predatory auto loans, with required consumer disclosures and limits on risky add-ons like GAP/VSC. Food Assistance Ruling: A federal judge permanently blocked the federal government from imposing SNAP fines tied to how states administer benefits for lawful permanent residents. Pharma Patent Clash in Delaware: BMS and Ono filed a BPCIA case in the District of Delaware against Amgen over a proposed nivolumab biosimilar, asserting infringement of seven patents. Local Economy Watch: Delaware’s unemployment rate fell to 4.7% for the fifth straight month, even as the labor force shrank. Housing & Growth Planning: Dagsboro debated annexing 134 acres for a Harmony subdivision of about 262 homes, with a council vote expected later. Aviation Disruption: Equipment failure at PHL grounded flights and caused major delays after a construction crew damaged backup telecom wiring. Energy & Fuel Prices: GasBuddy reported one Delaware County station selling E85 at $2.35 in the week ending Sept. 12, while diesel prices also varied widely.

Consumer Finance & Enforcement: Michigan AG Dana Nessel and attorneys general from 40 states reached a $694 million multistate settlement with subprime auto lender Credit Acceptance Corporation, including cash and debt relief plus new consumer protections and rules aimed at stopping risky loan practices and dealer “packing” add-ons like VSC and GAP. Delaware Business & Corporate Moves: HydroGraph filed and mailed materials for a special securityholder meeting on Oct. 29 to vote on a proposed redomicile to the United States, with proxies due Oct. 27. Healthcare Supply Chain: NovAccel set up a U.S. subsidiary to expand North American actinium-225 (Ac-225) supply for medical radioisotopes, appointing new leadership for the U.S. push. Energy & Dealmaking: Post Oak Energy Capital said Ichthys Energy Partners completed the sale of a portion of its Permian Basin assets, continuing Post Oak’s upstream investment partnership. Engineering & Manufacturing: Hy-Tech Engineers reported Q1FY27 results with 13% revenue growth and 11% PAT growth, alongside plans for U.S./Europe subsidiaries and capacity expansion. Delaware Courts & Construction: A federal court granted default judgment to Siemens Industry, Inc. after a contractor failed to submit a required federal claim and didn’t respond to the breach-of-contract suit. Ag Literacy: Delaware Farm Bureau Foundation’s Lace Up for Ag Literacy 5K is set for Oct. 10 at Hopkins Farm Creamery in Lewes, supporting classroom and hands-on agriculture learning. Environment & Policy: Trump revoked the 2009 Chesapeake Bay restoration order, shifting federal agency focus toward projects tied to measurable pollution reductions.

Delaware Farm & Food: The Delaware Farm Bureau Foundation will host its Lace Up for Ag Literacy 5K Run/Walk Oct. 10 at Hopkins Farm Creamery in Lewes, raising money for hands-on agricultural literacy programs that connect students and consumers with farming. Composting & Waste: Curbside composting is gaining traction in the Philly suburbs, but in Delco many residents’ scraps still end up at Linvilla—highlighting how local collection choices shape the region’s waste stream. Energy & Infrastructure: Philadelphia announced a $2 billion investment to modernize PHL and Northeast Philadelphia Airport, even as a consumer report ranked PHL last in passenger satisfaction. Climate Resilience: Dewey Beach’s $75,000 climate resiliency project is underway, with engineering firm George, Miles & Buhr seeking public input to better assess flooding impacts for a new resiliency plan. Public Safety: Delaware State Police charged a 74-year-old Maryland hunter after a rifle shot killed a 39-year-old woman in an Ellendale field, with manslaughter and weapons-related counts filed. Business & Finance: Targa Resources won a fresh analyst vote of confidence from TD Cowen, upgraded to Buy with a higher price target tied to Permian wet gas growth and cash-flow expectations.

Composting & Waste Reduction: Upper Darby’s Kitchen Harvest is helping turn food scraps into compost at Linvilla Orchards, as more municipalities like Haverford Township roll out curbside programs and build a circular food-waste network across the Philly region. Delaware Economy & Jobs: Delaware’s unemployment rate edged down to 4.7% in August, with job gains led by professional/business services, private education and health services, and construction. DelDOT & Infrastructure: Dewey Beach’s resiliency study is underway, while DelDOT moves forward on projects including a Georgetown overpass and efforts to raise red-light camera fines. Agriculture & Community: Delaware Farm Bureau Foundation’s Ag Literacy 5K heads to Hopkins Farm Creamery in Lewes on Oct. 10, and the Farm Bureau Women’s/Young Farmers groups named 2026 scholarship winners. Energy Costs: Gas prices remain volatile as crude holds near $100; Delaware County reports show midgrade and diesel pricing shifts week to week. Public Safety & Logistics: Delaware State Police arrested a California man after a $680,000 electronics shipment was stolen from a New Castle warehouse, with a recovered trailer in Newark. Health & Consumer Protection: Abbott baby formula faces major state and federal penalties tied to alleged safety failures, underscoring ongoing scrutiny of food and medical supply chains. Local Business & Real Estate: A Delaware-registered company bought Oregon’s Steiwer Ranch with a plan focused on conservation credits rather than development.

Fuel Watch: National gas prices rose as crude held above $100 a barrel, with Delaware County midgrade hitting a low of $3.79 and diesel a low of $4.90 for the week ending Sept. 12, underscoring how global oil and local supply keep prices jumpy. Local Economy: Delaware’s unemployment rate edged down to 4.7% in August for a fifth straight month, with job gains led by professional/business services, private education and health, and construction. Public Safety & Infrastructure: Dewey Beach’s $75,000 resiliency study is underway to map flood risk and guide future mitigation, while DelDOT continues Route 1 lane closures near Lewes with delays expected through Sept. 25. Business & Industry: CleanSpark priced $2.276B in senior secured notes to fund data center buildout, and Delaware is taking public comment on updated rules for direct shipment of wine. Workplace & Tech: Delaware SHRM’s Oct. 7-8 conference will tackle how AI-driven change affects real people at work. Crime: Delaware State Police arrested a California man tied to a $680,000 electronics theft from a New Castle warehouse. Agriculture: Delaware Farm Bureau Foundation’s Ag Literacy 5K is set for Oct. 10 in Lewes, and scholarship honorees were named across Sussex County.

Delaware Policy & Business: Delaware’s Alcoholic Beverage Control Commissioner is taking public comment through Oct. 1 on updated rules for direct shipment of wine, including common-carrier requirements, age checks, and monthly reporting by shippers and carriers. Data Centers & Finance: CleanSpark priced $2.276B in senior secured notes to fund buildout of its Sandersville data center, underscoring how quickly capital is flowing into Delaware-area power-hungry infrastructure. Workforce & AI: Delaware SHRM’s Oct. 7-8 Wilmington conference will focus on how AI-driven workplace change is reshaping layoffs, leadership, and “real people” outcomes. Local Roads & Construction: DelDOT’s Route 1 lane closure near Lewes is expected to keep snarling traffic for another week, with reopening targeted for Sept. 25 (weather permitting). Agriculture & Community: Delaware Farm Bureau named 2026 scholarship honorees from Sussex, highlighting the next generation of production agriculture talent. Consumer Safety: Baby formula maker Abbott faces major penalties after claims of unsafe production practices, a story with ripple effects for state regulators and families. Legal & Courts: A Delaware Chancery Court nomination and a Chapter 11 wind-down plan for Simply Interior Homes both signal continued churn in the state’s business litigation pipeline.

Port & Logistics: Delaware Container Terminal construction moves ahead with a $669M push, while DelDOT also keeps traffic and safety in focus—Route 1 lane closures near Lewes are expected to run through Sept. 25, and a Georgetown overpass project targets congestion at Route 404/113. Transportation Policy: DelDOT is seeking public comment to raise Delaware red-light camera penalties (base fine up to $95 plus surcharges), and the state is also updating rules for direct wine shipment, with public input due Oct. 1. Finance & Banking: CleanSpark priced $2.276B of senior secured notes to fund data center buildout, and BCB Bancorp closed a $98M common stock offering. Real Estate & Development: FortuneX and WT Realty signed a business combination deal that would domesticate FortuneX to Delaware and create a new public holding company. Legal & Consumer Protection: Delaware is tied to a $694M multistate settlement with Credit Acceptance over predatory auto lending; separately, a federal judge ruled in favor of Dorchester/Caroline landowners in a Rails-to-Trails taking case. Workforce & Industry: Delaware SHRM’s Oct. 7-8 conference will tackle how AI is reshaping hiring, layoffs, and HR strategy. Health & Environment: Veolia sued nine companies over PFAS pollution concerns affecting New Castle County water sources, and Delaware reported measles case updates from CDC.

Consumer & Energy: AAA says gas prices keep climbing as crude stays high, with Delaware in the mix as the national average rises to about $4.44 a gallon. Healthcare Policy: Delaware is set to refund Obamacare “user fee” overcharges—$500 checks for nearly 1 million Americans in federal-exchange states, including Delaware. Legal & Consumer Protection: Delaware Attorney General Kathy Jennings joined a $694M multistate settlement with Credit Acceptance over predatory auto loans, bringing cash restitution and major debt relief starting Nov. 2. Privacy & Compliance: Delaware’s amended Personal Data Privacy Act (HB 380) tightens thresholds and adds new duties for businesses and third parties, effective Jan. 1, 2027. Local Industry & Jobs: Delaware’s Division of Small Business is taking applications for a new $10M film tax credit program aimed at attracting productions and related spending. Business & Tech: VisionWave announced a 1-for-20 reverse stock split effective Sept. 22. Sustainability & Manufacturing: Avalo, The LYCRA Company, Neela and Soko unveiled “Naturalls,” a more sustainable denim capsule spotlighting low-footprint cotton and renewable LYCRA. Community Resilience: St. Matthews By-The-Sea in Fenwick Island hosted a storm-prep seminar and “Flood Bucket” supply drive for hurricane-impacted areas. Health Care Expansion: ChristianaCare’s proposed Georgetown campus is moving through local and state land-use reviews, with a possible 2029 opening. Education Capacity: Indian River School District leaders are pressing the state for additional space as overcrowding grows.

Delaware Health Care & Development: ChristianaCare’s proposed $65.1 million Georgetown health campus is moving through local and state reviews, with a public hearing tied to Delaware’s PLUS process; the 42,000-square-foot site would add primary, specialty and behavioral health services plus a small neighborhood hospital, with a possible 2029 opening if approvals land. Consumer Finance & Enforcement: Delaware is among states in a $694 million multistate settlement with subprime auto lender Credit Acceptance Corporation, aimed at predatory lending practices; the deal includes cash restitution and major debt relief, plus new requirements around loan-risk disclosures and limits on dealer “packing” add-on products. Delaware Film Industry: Delaware’s Division of Small Business is taking applications for the state’s first $10 million film tax credit program, offering a 30% credit for qualifying projects that meet funding and timing rules. Energy & Industry Tech: A Permian basin chemical trial highlights multifunctional treatments designed to manage H2S, scale and corrosion while avoiding shutdowns. Local Real Estate: A Middletown developer is planning Summerton West, adding two upscale apartment buildings and a boutique hotel as the Summerton brand expands. Policy Watch: New Mexico’s gubernatorial race spotlights data center growth, with Deb Haaland backing a moratorium on new large projects while Gregg Hull argues for project-by-project guardrails.

Healthcare Policy: Trump’s White House announced $500 Obamacare overcharge refunds for nearly 1 million Americans in 30 states, including Delaware, after federal “user fees” allegedly overshot what was needed to run the exchange. Delaware Agriculture: Gov. Matt Meyer signed the Delaware Farm to Community Program into state law, keeping the farmer-to-local-market model alive after federal funding ended in 2025 and expanding access to fresh food statewide. Energy & Infrastructure: The U.S. House advanced the Ratepayer Protection Act, pushing regulators to consider how data centers cover electricity and grid upgrade costs—an issue tied to AI-driven power demand and affordability concerns. AI Governance: Leviathan Matrix launched TURABON™, pitching “governed autonomy” so AI agents can act within pre-set budgets and risk limits instead of unrestricted execution. Ports & Logistics: Delaware’s container terminal expansion moved forward with a groundbreaking, as stakeholders celebrate progress despite questions about need and planning. Local Construction Watch: Newark Free Library construction drew officials and workers on National Construction Week, with a fall 2027 opening target. Real Estate & Data: Zillow lost a listing-feed access fight in Illinois, with a judge ordering arbitration over its contract with the local MLS.

Delaware Food & Farms: Gov. Matt Meyer signed the Delaware Farm to Community Program into state law, keeping the farmer-to-local-market effort alive after USDA funding ended in 2025 and requiring the state to pursue future federal support. Transportation & Infrastructure: Millsboro’s bypass was renamed the Senator Richard S. Cordrey Bypass, honoring the longtime Delaware lawmaker’s decades in the General Assembly. Corporate & Finance: BCB Bancorp priced an $85.25M common stock offering (with an option for more shares) as it plans for liquidity, working capital, and capital support. Energy & Consumer Safety: A GM lawsuit filed in Delaware federal court alleges a shuddering clutch defect in 2019-2025 vehicles tied to continuously variable transmissions. Legal & Governance: Delaware courts continue shaping corporate oversight standards under Caremark doctrine, with new guidance emerging from recent decisions. Business Climate & Compliance: The SEC moved to scrap the federal shareholder proposal rule, shifting more power to states and company bylaws. Crypto Policy: The Senate stalled the CLARITY Act, leaving the industry pushing regulators to set rules under existing authority. Local Industry Watch: Delaware’s commercial real estate is rebounding unevenly as dealmakers assess borrowing costs and demand.

Delaware Health & Insurance: The White House says nearly 1 million Americans in 30 states, including Delaware, will get $500 Obamacare overcharge refunds tied to federal exchange “user fees,” a move aimed at returning surplus costs from the Biden era. Port & Logistics: Enstructure and the Diamond State Port Corporation broke ground on a $669 million new container terminal at the Port of Wilmington, with Delaware funding, federal grants, and a target opening in early 2029—while opponents keep pressing questions about need and impacts. Crypto Regulation & Markets: The Senate sank the CLARITY Act in a 49-50 cloture vote, leaving ethics rules for officials holding crypto as the main sticking point; bitcoin slid below $76,000 after the failure. Delaware Politics: Incumbent Kathy Jennings won the Democratic primary for Delaware attorney general and will face GOP David Graham in November; U.S. Sen. Chris Coons also won his Democratic primary. Biotech & Pharma: Bristol Myers and Ono sued Amgen in Delaware federal court to block an Opdivo biosimilar, alleging patent infringement. Business & Courts: Greif plans to exit the coated recycled paperboard market by closing its Sweetwater paperboard mill in Georgia, affecting about 90 workers. Music Industry: Universal Music Group sued DistroKid in Delaware, accusing it of deceptive practices and an “AI slop pipeline.”

Port of Wilmington Expansion: Enstructure and the Diamond State Port Corporation broke ground on a new $669M container terminal, with phases and an early-2029 opening target—promising more capacity and jobs, while opponents keep asking whether Delaware needs it. Music Industry Legal Fight: Universal Music Group sued Delaware-based DistroKid in federal court, alleging “AI-slop” and copyright infringement plus deceptive trade practices that flood streaming platforms. Delaware Corporate Leadership: The LYCRA Company named Hua Du CEO effective Sept. 14, as the Wilmington-based firm moves into its next growth chapter after financial restructuring. Insurance Costs Watch: Home insurance prices kept climbing in 2026, with severe weather risk driving higher premiums; Delaware also showed up among states facing affordability pressure. Policy & Compliance: Delaware courts and regulators continue to shape business and data rules, including privacy enforcement updates and ongoing legal fights tied to billing and investor disputes. Local Business & Community: A $1.75M federal investment will expand Beebe’s Coordinated Care Center in Sussex County, aiming to improve access and reduce rehospitalizations.

Healthcare & Consumer Relief: The White House says nearly 1 million Americans in 30 states, including Delaware, will get $500 Obamacare overcharge refunds tied to federal exchange “user fees,” aiming to return surplus costs from the Biden era. Port & Logistics: Delaware’s $669M Delaware Container Terminal at the former Edgemoor site broke ground in Wilmington, with leaders touting expanded capacity, electric equipment, and job creation—while opponents have raised health, traffic, and transparency concerns and legal challenges continue. Energy Reliability: A Pennsylvania Public Utility Commission report warns data center growth could drive electricity shortfalls and raise blackout risk in the Philadelphia region by 2030, pushing regulators to act. Construction & Safety: DelDOT is installing a traffic light at Route 24 and Legion Road in Millsboro after residents cited safety problems tied to nearby housing growth. Tech & Business Formation: Elioplus launched an upgraded Global Managed IT Service Providers directory to help enterprise buyers find specialized local MSPs. Corporate Moves: Cheetah Net Supply Chain Service agreed to acquire JoyPak Supply for $788,000 in cash, expanding into consumer and beauty categories. Delaware Policy: DelDOT proposes raising Delaware red-light camera fines from $137.50 to $167.50, drawing mixed driver reactions. Local Economy: Sussex County reminded residents that Sept. 30 is the deadline to pay annual property tax bills.

Healthcare Finance: The White House says nearly 1 million Americans in 30 states, including Delaware, will get $500 Obamacare overcharge refunds tied to federal exchange “user fees,” a move aimed at returning surplus costs from the Biden era. Housing & Short-Term Rentals: A new look at the national housing shortage (4.03 million units, per Redfin) renews debate over how second homes and vacation rentals affect year-round availability. Delaware Transportation: DelDOT proposes raising Delaware red-light camera fines from $137.50 to $167.50, with drivers split on whether higher penalties or more direct enforcement would better deter crashes. Port & Logistics: Enstructure and the Diamond State Port Corporation marked the groundbreaking of the Delaware Container Terminal in Wilmington, while a separate dispute over the Edgemoor project continues amid neighbor and legal challenges. Data Privacy: Delaware Gov. Matt Meyer signed major updates expanding the Personal Data Privacy Act, adding third-party due diligence and new contracting duties starting Jan. 1, 2027. Energy Prices: GasBuddy reports a Kent County premium gas low of $4.39 in the week ending Sept. 5, with Delaware’s premium average at $4.94. Corporate Moves: Toppoint Holdings plans to reincorporate from Nevada to Delaware, with an expected effective date around Sept. 25.

Healthcare & Consumer Relief: The White House says nearly 1 million Americans in 30 states, including Delaware, will get $500 refunds for Obamacare “user fee” overcharges tied to federal exchange operations. Food & Agriculture: UDairy Creamery in Newark is set to expand with a nearly $500,000 federal grant, adding equipment for more artisanal cheeses and fermentation training for food science students. Delaware Housing & Local Growth: Laurel plans Meadow View, a multi-phase Sussex County community aimed at affordable homeownership (not Section 8) to support both residents and future commercial development. Energy & Infrastructure: DNREC says Delaware Seashore State Park’s Indian River Inlet Sand Bypass will restart in mid-September, with access limits on the south side through mid-May 2027. AI Policy: OpenAI CEO Sam Altman rules out an OpenAI IPO in 2026, citing unfinished safety and alignment work, while lawmakers and industry leaders debate pace and guardrails. Business Expansion: Lola Beans signs a five-unit development deal to enter Miami, following a Delaware expansion announcement. Water & Environment: A $1.3 million dam removal project on Neshaminy Creek in Tyler State Park is expected to wrap by month’s end to improve migratory fish passage and safety. Gaming Regulation: Liberia’s lottery regulator issues a cease-and-desist and default actions against a Delaware-registered gaming firm, alleging unauthorized licensing activity. Water Quality Funding: Schuylkill River Greenways awards nearly $655,000 for watershed restoration projects to cut runoff and protect drinking water.