AGP Executive Report
Last update: 10 hours agoMeta Child-Addiction Trial: A landmark federal case in Oakland opened with attorneys general from California, Colorado, Kentucky and New Jersey accusing Meta of designing Facebook and Instagram to hook children and improperly collecting data from kids under 13, with potential penalties cited up to $1.4 trillion; Meta denies wrongdoing and says it has safety tools. State Compliance Watch: New Jersey’s new Legionella law sets a Sept. 12, 2026 deadline to develop water management programs and a Dec. 12 deadline to put them into practice, with civil penalties for noncompliance. Local Business Impact: Ocean City’s beach replenishment project is disrupting summer access and hurting boardwalk businesses, with the Army Corps completing one stage and starting the final stretch. Corporate & Legal: Aurinia Pharmaceuticals said it settled patent litigation with Teva over voclosporin, limiting Teva’s generic launch until Dec. 7, 2036 (with contingencies). Energy & Finance: Ocean Power Technologies updated preliminary fiscal 2026 results after audit-driven accounting revisions, including lower revenue and higher net loss. Insurance Leadership: Axis named Jim Rhyner head of North America financial lines, programs and Canada, effective Aug. 31, from The Hartford. Retail Philanthropy: Weis Markets opened registration for its Weis 4 School program, aiming to generate $500,000 for pre-K through eighth-grade schools across seven states including New Jersey.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.