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Median home price up 2.1%, Portland neighbor county rejects plea for housing funds, wealth leaving Oregon and Washington, wealth moving to Montana and Idaho, drought declared in WA, oil back under $100 abarrel, Lattice Semi up 10% on the day, Alaska airlines rises 8% on lower oil.
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PNW Market Look
As of market close 4.8.26
Chevron CEO sold $100m worth of shares
Headline Roundup
PacifiCorp wins victory in Oregon wildfire lawsuit brought by 2020 Labor Day survivors (OPB)
An Oregon appeals court sided with PacifiCorp on Wednesday in a ruling that could possibly jeopardize over $1 billion in damages for victims of the state's devastating 2020 wildfires. (KATU)
Amazon proposal for a “warehouse distribution center” has been filed with the city of Helena (MTFP)
Portland City Council approves tax relief to thousands of small businesses (KGW)
This Washington company’s tech will guide Artemis II back to Earth (OPB)
A new co-working lease and opening date for Tacoma's Old City Hall (DJC)
Another year, another drought emergency declared in Washington state (KUOW)
Idaho forecasters predict dry summer, low water reserves (IDP)
Oil prices fall below $100 after Trump announces two-week Iran ceasefire (IBR)
Capitol Auto Group Makes Record-Breaking Donation of $385,000 to United Way of the Mid-Willamette Valley (SBJ)
Gem Co. weighs nearly 400-acre gravel pit on Little family-owned land (BoiseDev)
Troutdale plant to close, eliminate 65 jobs (ORL)
More than 200 Portland metro workers losing jobs as two employers announce closures (PBJ)
Seattle-based company accused of fishing violations in Alaska’s Bering Sea (WSS)
Major repair milestone reached on St. Mary water system (Missoulian)
Onni lands $200 million Goldman Sachs loan for Seattle tower project (PBJ)
Acquisition firm buys majority stake in Bellevue tech consultant for $81 million (PBJ)
Tukwila startup raises over $100 million after landing Space Force contracts (PBJ)
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Community Highlight
Redistricting: Impact on Oregon Business (SBJ)
Rip’s Spotlight
Jim Whittaker, WA mountaineer who was first American to summit Everest, dies at 97 (ST)
“Whittaker reached the top of Mount Everest on May 1, 1963, alongside Nawang Gombu Sherpa, drawing on years of formative climbing experience forged in the Cascades. His historic ascent, a decade after Edmund Hillary and Tenzing Norgay, earned him and his American Everest Expedition teammates the National Geographic Society’s Hubbard Medal. In 1978, Whittaker led the first successful U.S. expedition to K2, the world’s second-tallest peak, and set a record as leader of the largest successful Everest expedition in 1990.”
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