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Good Morning,

Idaho unemployment ticks down, mortgage foreclosures tick up, Bitcoin reclaims $80k, Lattice Semiconductor acquired for $1.6 B, Portland based Panthalassa raises $140M, Iran attacks UAE, nearly 25% of Washington business owners consider leaving state.

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Let’s Rip

PNW Market Look

As of market close 5.4.26

FedEx, UPS shares both down over 9% on Amazon logistics as a service news

Headline Roundup

Intel hires Qualcomm exec to run PC and physical AI businesses (ORL)
Lattice Semiconductor announces $1.6B acquisition (PBJ)
Portland ocean energy startup raises $140M from billionaire Peter Thiel (PBJ)
Panthalassa Raises $140 Million to Power AI at Sea (Yahoo)
Idaho’s March unemployment rate decreases to 3.6% (ID)
New Amazon venture rocks shipping and logistics industry (KUOW)
Amazon’s Oregon Footprint (ORB)
COCC’s Manufacturing Program Granted $2.2 Million from U.S. Department of Education (ECW)
$17.1 million mixed-use project in Portland building permits | May 4, 2026 (DJC)
Drips for chips: How much water will Micron use for $50 billion expansion – and where will it come from? (BD)
In depth: A flood of rural healthcare money could reshape Idaho, and seep into higher ed (ICS)
Montana FWP poaching board approves nearly $50,000 in poaching fines, $30,000 in reward money (DM)
2-tower project with Boeing fuselage gets new name ahead of completion (PBJ)
Banner Bank to acquire Aberdeen-based Pacific Financial in $177 million deal (PBS)
Nearly 1-in-4 Washington employers considering leaving the state, new survey shows (MNW)

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Community Highlight

WA Supreme Court bats down referendum attempt targeting income tax (WSS)

“The opposition can still move forward with an initiative to overturn the tax on millionaire earners. But that path to challenging the law will require twice as many signatures to advance.

In the ruling, justices said the income tax’s so-called “necessity clause,” which shields it from referendum, is valid.

The law “undisputedly generates revenue for the state’s existing institutions and hence is similarly subject to the ‘support of state government’ exception to the referendum power,” reads the decision signed by Chief Justice Debra Stephens.”

Rip’s Spotlight

Introducing Amazon Supply Chain Services: Amazon’s logistics network, now open to every business (Amazon)

Over the past three years, hundreds of thousands of Amazon sellers have trusted the company’s logistics network to move, store, and deliver hundreds of millions of packages across third-party facilities, warehouses, and sales channels beyond the Amazon store.
Today, Amazon is launching Amazon Supply Chain Services (ASCS), opening its freight, distribution, fulfillment, and parcel shipping capabilities to businesses of all types and sizes.
Leading brands Procter & Gamble, 3M, Lands’ End, and American Eagle Outfitters, Inc. are among the first to sign up for ASCS, now relying on Amazon’s logistics network across their supply chain.

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