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Mortgage rates drop below 7.5%, Microsoft stock closes positive on news of buying out 60k employees, Idaho Governor launches group to fight financial fraud, AI stocks up as Anthropic files to go public, Boeing to begin delivery of 1500 Max 10 planes in 2027.

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Anthropic’s IPO plans: Record losses, AI risks and growth potential outlined in the S-1(CNBC)

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Portland General Electric needs to double its renewable energy portfolio to meet Oregon's first climate benchmark (OPB)

“PGE says it’s facing a choice between hitting 2030 climate targets and keeping electricity rates from climbing.

Oregon’s largest electric utility says it will need to almost double the amount of renewable energy it delivers to meet the state’s emission reduction goals by the end of the decade.

But Portland General Electric says federal policy rollbacks, transmission constraints and rising development costs are impeding its effort to reach Oregon’s targets. The company is asking state regulators for flexibility as it attempts to balance Oregon’s climate mandate while keeping rates low and the electrical grid reliable.

Emissions from these companies must be 80% below 2010-2012 levels by the year 2030, under the first benchmark required by the legislation. They face another benchmark in 2035, and finally must fully eliminate greenhouse gas emissions by 2040.

But PGE is asking the Oregon Public Utility Commission, the regulatory entity that sets utility rates, for flexibility. The company says it can meet those emission goals or keep rates down, but may not be able to do both.

It presented two plans it could follow to balance affordable rates and reliable electricity as it navigates what it calls “considerable headwinds.”

Some of those headwinds can be traced to the Trump administration. President Donald Trump has slowed and canceled federal approval of wind and other renewable energy projects, and pushed Congress to roll back tax credits to support renewable energy.

“There’s been significant changes in the federal policy environment, both the potential availability and durability of federal tax credits that historically have lowered the cost of renewable energy on our system for customers anywhere from 20% to 50% depending upon the project,” PGE’s vice president of policy and sustainability Kristen Sheeran said.

That, paired with supply chain issues, has complicated how and when utilities like PGE can add more renewable energy to their systems.

There are also constraints on transmission, Sheeran said.

The region is not building new transmission lines fast enough to move renewable electricity from where it’s generated to the homes and businesses that use it, she said, adding that permitting and energy site approvals are also slowing the shift to renewable energy.

Under the Preferred Portfolio, PGE would need to add nearly 7 gigawatts of renewable energy by 2030 to meet the 80% emissions reduction target. By 2032, the company would need to add 2 more gigawatts, for a total of 9 gigawatts, to stay on track.

But following this plan will make it hard for PGE to balance the rising costs of building out new renewables while ensuring grid reliability, the company said.

Under the Continued Progress Portfolio, the company says, it could reduce emissions by 60% by 2030 and 70% by 2035 — slower progress than the state has asked for. But this would also ensure customer affordability. This plan would require the company to add about 3.4 gigawatts of renewable energy by 2030, and up to a total of 5 gigawatts by 2032”

FAA clears the way for airlines to put Boeing's long-delayed 737 Max 10 into service (KUOW)

“Nearly a decade after Boeing unveiled its largest 737 Max jet, the company has cleared a major hurdle in its effort to bring the plane to airlines. The Federal Aviation Administration approved the Max 10 for passenger service Tuesday, ending years of delays.

The 737 Max 10’s certification represents another milestone in Boeing’s efforts to restore its reputation and financial footing after years of safety, quality and production challenges. With production approved, the aircraft can now be sold to domestic and foreign carriers.

Transportation Secretary Sean Duffy said the certification followed “extensive safety reviews,” including thousands of hours of test flights, and called it a major win for American manufacturing.

Stephanie Pope, president and CEO of Boeing Commercial Airplanes, said during Duffy’s visit that the certification “clears the path to deliver an airplane that will set a new standard in commercial aviation.” The Max 10 will typically seat 185-210 passengers, according to Boeing, compared with 175-195 on the Max 9 and 160-180 on the Max 8.

“Today is a very, very special day. It caps years of hard work and dedication by many,” Pope said. “It marks another major milestone in our recovery, and it unlocks a key to our future growth.”

The company expects to begin deliveries in 2027.

Boeing’s struggles have been particularly acute since two deadly crashes involving the smaller Max 8 killed 346 people in 2018 and 2019 off the coast of Indonesia and in Ethiopia. In 2024, a panel flew off of an Alaska Airlines Max 9 in midair, renewing scrutiny of Boeing’s manufacturing and safety practices.

The delays have held up a key part of Boeing’s business. More than 30 customers worldwide have ordered 1,555 Max 10s that Boeing has yet to deliver, accounting for more than 30% of its total 737 Max backlog.”

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