Good Morning,
Oregon’s ESS suspended from NYSE, PGE & PacifiCorp join new energy market, Lamb Weston shares jump ahead of earnings despite valuation uncertainty, OHSU paid outgoing counsel $1.8M to ‘go quietly’, Micron forecast $32B revenue, UW breaks ground on $231M sciences building.

— Was this forwarded to you? Subscribe here —

Let’s Rip

Musk says he will rename SpaceXAI to SpaceXSI (Ground)

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.

UW breaks ground on $231M Chemical Sciences Building (DJC)

“Celebration filled the air on Wednesday as the University of Washington held a groundbreaking ceremony to mark the start of construction on a new, $231.1 million home for the Department of Chemistry at its Seattle campus.

The 104,500-square-foot, five-story Chemical Sciences Building will rise on the former site of the Chemistry Library behind the Molecular Engineering and Nanoengineering buildings on West Stevens Way Northeast and across from the back side of Bagley Hall, the current main home of the department.

The Chemistry Library was demolished earlier this year. Skanska did that work and is also the general contractor for the Chemical Sciences Building. The architects are Payette of Boston, and local firm EHDD.

UW's College of Arts & Sciences is home to one of the largest undergraduate chemistry programs in the nation known for cutting-edge/novel research, but the department has been operating out of outdated facilities with inefficient space, especially collaborative space for modern science. Bagley Hall was built in 1937. The chemistry library dated to 1957.

The new building will provide modern space for innovative science and research. It will have classrooms — including an active learning classroom on the ground floor — laboratories, meeting rooms, common collaboration spaces, and office spaces. There will also be space for hands-on independent research projects. Its location next to an existing cluster of science buildings will create new opportunities for research synergies among students and faculty in chemistry and related sciences.

UW says that once completed, “this state-of-the-art building will be a nexus for collaborative research and teaching that will help the UW define the next 100 years of science education and breakthroughs.”

The university says the new facility will also allow for a complete future renovation of Bagley Hall.

The website for the Chemical Sciences Building says it should open in the second quarter of 2029.

Funding comes from the state, the College of Arts & Sciences and private support, UW says. The Chemical Sciences Building project team also includes landscape architect GGN and engineer KPFF.”
 

Oregon Senator who pushed to tax the rich watched his son build a $467 million hedge fund (JTN)

“Wyden is one of the Senate's loudest voices on taxing the wealthy, banning congressional stock trades and investigating Epstein's finances. While his own worth has been estimated as high as $35 million, his son's own financial dealings -- including a questionable buyback of common stock from a troubled strip club enterprise -- raises fair questions about consistency and conflicts. There is no evidence Wyden directed any trades.

When he entered politics in 1980, he was teaching the science of aging at multiple Oregon universities and chaired the Oregon chapter of senior advocacy nonprofit, the Gray Panthers. He also served as the director of the Oregon Legal Services Center for the Elderly, a nonprofit, and sat on the Oregon State Board of Examiners of Nursing Home Administrators, which he left the year before the 1980 election

Forty-six years later, the powerful Democrat's net worth is estimated to be between $9 million and $35 million, depending on the tracking source and disclosure calculations, making him one of the wealthiest senators in the U.S.

While Wyden’s net worth grew in the House and then the Senate, where he currently serves as the ranking member on the powerful Finance Committee, his son, Adam is, according to whalewisdom.com, a registered investment adviser based in Miami Beach, Florida, and has grown his own hedge fund, ADW Capital Partners, into a $467 million portfolio, with his share worth up to $100 million. Back when Adam started his hedge fund, his father was the senior member of the Finance Committee, as well as the Select Committee on Intelligence, the Committee on the Budget, and the Joint Committee on Taxation, among others.

News aggregator Benzinga reported last December that RCI Hospitality Holdings Inc's CEO and CFO, Eric Langan and Bradley Chhay, stepped down after being hit with significant legal and regulatory turbulence mere days after the company disclosed a massive $30 million stock buyback to acquire 821,000 shares owned by Adam Wyden's ADW Capital Partners, L.P. 

At the time, ADW was a major shareholder in the company and the hedge fund owned 10% of common stock for RCI Hospitality Holdings, a shady strip-club conglomerate accused of bribing New York officials and tax evasion. The executives of RCI were indicted, and the top executives stepped down only one week after buying out Adam Wyden’s hedge fund’s shares of the company”

Send us News

Work with us

Follow on X

Keep Rippin’