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GLP-1s are leading to fewer trucks on the road, fewer food packaging factory jobs, and a $1 B loss on twinkies, Oregon tourism spending down, Micron & Intel rally another 10+%, copper mining a bottle neck to tech boom, US infrastructure needs $33T.
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PNW Market Look
As of market close 5.8.26
Key Events This Week via Kobeissi (x)
1. April Existing Home Sales data - Monday
2. April CPI Inflation data - Tuesday
3. April PPI Inflation data - Wednesday
4. OPEC Monthly Report - Wednesday
5. April Retail Sales data - Thursday
6. April Industrial Production data - Friday
Headline Roundup
Oregon data centers now have to pay full costs of expanding the power grid to meet their needs (KGW)
Elon Musk was in Oregon this week: Here’s why (ORL)
OR Community Foundation launches fund to spur housing construction (PBS)
Residential customers could see increases of 11%, according to the filing. (KOIN)
SAIF Corporation is the healthiest company among employers with 500-1,499 employees. (PBJ)
(OR) Lithium deposit valued at over $1.5 trillion discovered in the U.S. (Earth)
The US needs an estimated $33T infrastructure super-cycle (PWC)
With Amazon support, affordable senior units now renting in Totem Lake (DJC)
Developer denied approval for mixed-use subdivision in Caldwell (IDP)
‘Nowhere near a done deal’: Portland leaders buck pressure as clock ticks on Moda Center (ORL)
Medical device maker shutters Mukilteo facility, lays off 83 (ST)
Idaho secures $24M more in settlement with opioid manufacturer Purdue Pharma (IDS)
Missoula board backs $10.9M in TIF for huge $100M housing, commercial project (Missoulian)
$25M renovation at SCC scheduled for July start (SJB)
KidsQuest secures $10 million for relocation to former Bellevue Arts Museum building (PBJ)
Idaho Power wants to build two natural gas power plants. (IDS)
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