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Nike facing new lawsuit, Starbucks cuts more corporate jobs, TTEC cancels 401(k) contribution benefit, GM to cut 500 jobs, Federal gas tax could temporarily pause, Bend’s St. Charles to get new CEO in July, Seattle housing market has 2x the normal inventory.
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PNW Market Look

As of market close 5.11.26
Robinhood Billionaire Bhatt’s Cowboy Space Raises $275 Million (BBG)
Headline Roundup
New bill would bring $550M in federal money for Washington State Ferries (KOMO)
A $2 billion tech firm is halting 401k contributions for staff (IDS)
Lawsuit accuses Nike of pocketing tariff refunds while raising prices (fox)
Trump says he’ll suspend federal gas tax, but Congress would have to act (ORL)
Michael Hartke to succeed Dr. Steve Gordon as St. Charles Health System CEO (KTVZ)
Starbucks lays off 61 tech workers in Seattle (ST)
Biggest Micron bulls on Wall Street say they're even more confident now. Here's why (CNBC)
Microsoft Corp. targeted a $92 billion return from its large early investments in OpenAI, a landmark arrangement that helped usher in the current AI era. (BBG)
Billings Company Named 2025 Montana Exporter of the Year (MTC)
Portland Suspension of Fees Spurs Mixed-Use Development (BS)
Alaska adds another California destination to Boise Airport (BD)
Feds officially cancel conservation rule for public lands (IDC)
Guardian snags downtown Portland tower at 20% discount (PBJ)
Microsoft CEO Testifies About Sam Altman’s Firing in Elon Musk Megatrial (WSJ)
Boeing Bets Its Comeback on Trump, China and an Elusive New Plane (BBG)
Delta leaves door open for more international flights from Seattle (PBJ)
How this serial entrepreneur is turning Tacoma into a launchpad for small businesses (PBJ)
Washington Gov. Bob Ferguson fined for improper use of state aircraft for personal travel (Komo)
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Community Highlight
An Immersive 2-day Bitcoin Experience in Portland (BFE)
Rip’s Spotlight
Kevin Pavlis Mountain Bike Park Opens in Avimor (video) (Video) (IDS)
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