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Billionaire Mark Zuckerberg’s yacht parks in Seattle after cutting 1,400 employees in Washington, Bothell Biotech Curevo sells to Eli Lilly, US farmers skeptical of $17b deal with China, Amazon signs $6b deal with Montana based Snowflake, Idaho gaining the businesses leaving Washington, Microsoft gets $9b Pentagon contract.
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PNW Market Look
As of market close 5.27.26
$MU ( ▼ 2.03% ) Will report earnings 6/24 after hours
Headline Roundup
FAA approves Boeing’s next MAX production increase, CEO Ortberg says (ST)
Amazon Strikes $6 Billion Deal With Snowflake for Its Agentic Computing Chips (WSJ)
Amazon puts Amwell co-founder in charge of healthcare unit; longtime executive to depart (Ground)
Lululemon ends proxy battle with founder Chip Wilson (Reuters)
Zuckerberg’s superyacht lands in Seattle as Meta announces big local layoff (ST)
New Study: Washington Among Most Regulated States, With Measurable Economic Costs (AWB)
Former Microsoft exec moving his business to Idaho, says Washington is ‘hostile’ to small businesses (SR)
Heavy equipment maker Genie closes North Bend logistics facility (ST)
Pentagon awards Microsoft $9.7 billion deal in bid to cut costs, end license sprawl (Reuters)
Seattle approves design for 170 housing units next to Fremont landmark (PBJ)
Eli Lilly acquiring Bothell vaccine maker in deal worth up to $1.5 billion (PBJ)
Sabey nixes buy-sell agreement with Butte-Silver Bow, but still hunting for data center site (MTS)
Large industrial/commercial project planned next to possible casino as Boise valley expands east (BD)
Late controller schemed to steal $3.7M, Portland lumber co. alleges (PBJ)
Trump struck a deal for China to buy $17B a year in US agricultural products. Farmers are skeptical (WSS)
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Community Highlight
Bend Approves Plan to Expand Water Plant, Waits on Forest Service Land Transfer (TSW)
“The City is set to build more than $60 million in infrastructure to generate hydropower and protect its main water supply from wildfire
The most expensive of the short-term upgrades is a new $50 million pretreatment system to remove wood, debris and dirt from the water before it enters the filtration facility. That’s meant as a guard against closures due to future wildfires and extreme rains, which can wreak havoc by throwing trees and loose soil into streams and clogging the treatment facility. “
Rip’s Spotlight
Workforce system alignment can help Oregonians weather coming economic, job instability, report says (OPB)
“Oregon’s job landscape may seem grim. The state’s 5.2% unemployment rate is among the highest in the country, and well above the 4.3% national average. But Oregon employers still have plenty of jobs open for skilled workers. Jobs in healthcare, technology, and construction are all expected to grow in the coming years
“What we see in the [workforce] system today is a lack of alignment, a fair amount of redundancy and duplication of efforts,” said Andrew Dyke, senior economist at ECOnorthwest. The Portland-based policy and economic consultancy group compiled the biennial report.”
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