Together with
Good Morning,
We made it through the dark season - give yourself a pat on the back.
Amazon Prime laid off 3k, Oil futures sky rocket, Portland considering taxing Netflix & streaming, Washington moving to income tax, Bonneville Power destroyed evidence in Holiday Farm Fire, Oregon signs worst NBA stadium deal in history, Iran names new Supreme Leader.
— Was this forwarded to you? Subscribe here —
Let’s Rip
PNW Market Look
As of market close 3.6.26
US stock market futures open sharply lower as oil prices extend their rally to +53% since March 1st.
1. S&P 500: -1.7%
2. Nasdaq 100: -1.7%
3. Dow Jones: -2.0%
4. WTI Crude: +14.5%
5. Brent: +10.5%
6. Natural Gas: +5.0%
US gas prices are now set to rise toward $5.00/gallon.
Headline Roundup
Portland Council President proposes streaming fee to fund arts (KATU)
Nike to record $300 million cost-cutting charge, hints at more company turmoil (ORLive)
Boise named one of the nation’s best capital cities. See how it ranked — and why (IDS)
(WA) Zillow authorizes $1.25 billion stock buyback (PBJ)
Portland could charge you a monthly fee to help fix its ‘deplorable’ streets (ORLive)
Rad Power Bikes gets a new owner, pledge to build bikes in the US (EG)
US to reinsure maritime losses in Gulf up to about $20 billion (Reuters)
Ferguson says he'd sign latest version of millionaires tax bill moving through state House (KOMO)
With rewrite, WA income tax on track to approval (WSS)
Bonneville Power Administration destroyed evidence after Holiday Farm Fire, judge concludes (OPB)
Oregon Lawmakers Cut a Bipartisan Deal to Subsidize Moda Center (WW)
BECU to open new Auburn, Mercer Island branches (DJC)
Trump says he won't sign bills until Congress overhauls voting (KUOW)
Portland Design Commission OKs Lloyd Center master plan (DJC)
Gianforte, USFS chief reveal initial logging locations under new state-federal partnership (HelenaIR)
Oregon ski resorts, recreation industry 'reasonably hopeful' about liability waiver reform (PBJ)
America’s Natural-Gas Bounty Is Cushioning U.S. Markets From Global Shocks (WSJ)
Contractor will pay $5M to settle fraud allegations at Hanford nuclear site (WSS)
Montana Knife Co.: Grand opening set for huge new $19M manufacturing shop near Missoula (Missoulian)
‘Right location, right time’: Pine Creek Ranch developer airs scaled back plan (BoiseDev)
A Message from G.A. Rogers
PNW Rip partners with G.A. Rogers for professional and executive hiring in the Pacific Northwest. If you’re in the area (or moving here), check them out here.
Need a side hustle? G.A. Rogers pays for successful referrals - reach out to learn more.
Rip’s Spotlight
Florida company completes acquisition of bankrupt Seattle e-bike maker (PBJ)
“Rad Power raised more than $300 million across two funding rounds in 2021, hitting a $1.65 billion valuation. It filed for bankruptcy in December last year
Life EV in January put in the highest bid to acquire Rad Power, a $13.3 million deal that jumped to $14.9 million with the assumption of liabilities. Rad Power hit a $1.65 billion valuation in 2021 before its downfall that led to a December bankruptcy filing.
According to the December bankruptcy filing, Rad Power had $72.7 million in liabilities and $32.1 million in assets. The company generated $63.3 million in revenue in 2025, after accruing $103.8 million in all of 2024 and $129.8 million in 2023. The largest debt was tariffs to U.S. Customs and Border Protection, an $8.4 million sum.”
On X…
Keep Rippin’