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Google overtakes Nvidia in after hours trading as worlds largest company, Micron and Intel up over 10% in a day, Trump ballroom to cost tax payers $1b on new reports, Coinbase cuts 14% of workforce, $480m children’s hospital opens in Tacoma, Portland loses another leader.
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PNW Market Look
As of market close 5.5.26
Headline Roundup
Micron zooms past $700 billion market cap as rally in memory stocks accelerates (CNBC)
Intel and Micron are poised to break major milestones (CNBC)
Apple in talks to add Intel as US chip supplier, reports say (PBJ)
Greater Boise Auditorium District secures second downtown parcel for expansion (IBR)
Airports across Oregon, including Burns, to receive $3 million in federal funds for improvements (KTVZ)
Senate Republicans propose package including $1bn that could go to Trump ballroom (TG)
Computer giant Lenovo has acquired the firmware business of a company that has about 30 workers in Beaverton. (PBJ)
Ribbon snipped on $480M pediatric hospital in Tacoma (DJC)
U.S. job openings were unchanged at 6.9 million in March but hiring improved (AP)
RFK Jr. launches plan to address ‘overuse’ of psychiatric medications (Ground)
Prineville Airport could become year-round wildfire attack base (COD)
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Community Highlight
Portland’s top public safety official to receive $275K severance after just 8 months in the job (ORL)
It was not immediately clear why Cozzie is leaving the high-profile post, though he is set to receive $275,808 in severance — equivalent to one year of his annual salary, according to City Administrator Raymond Lee.
Rip’s Spotlight
Appeals Judge Who Wrote Opinion Favorable to PacifiCorp in Landmark Wildfire Case Formerly Represented the Utility Giant (WW)
“The Oregon Journalism Project has learned that an Oregon Court of Appeals judge who sided with PacifiCorp in a case brought by thousands of rural Oregonians caught in the 2020 Labor Day wildfires represented the utility giant for years before she left private legal practice.
Judge Anna Joyce led a three-judge panel that threw out a huge verdict against PacifiCorp on April 8. She wrote the 34-page decision overturning lower court judgments.
“There’s no question that she should have recused herself,” says James Alfini, a retired law professor and law school dean. “Any reasonable person under those circumstances would question the judge’s impartiality.”
Joyce declined to comment as did officials at the Oregon Judicial Department. In a written statement, the department said: “Under Oregon’s Code of Judicial Conduct, judges have to participate in assigned cases unless disqualified. All judges routinely consider potential conflicts of interest before hearing a case, including those that may arise from the prior representation of a client.”
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