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Lululemon founder fighting their board on future of company, average mortgage rate hits 6.75%, 30-year treasury hits 5.2%, Oregon drug overdoses declining, Trailblazers cut 70 office staff, 17,000 Californian’s under evacuation orders, Missoula secures $800k for Marshall Mountain redevelopment.

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PNW Market Look

As of market close 5.19.26

SpaceX picks Goldman Sachs for lead left position on record-breaking IPO, sources say (CNBC)

Headline Roundup

Lululemon calls founder’s ideas ‘misguided’ in public letter (CNN)
Chip Wilson Issues Statement and Shares Details of Negotiations with lululemon (PRN)
Troutdale may 'run out money' if it keeps using deputies for police services, mayor says (Katu)
Tigard voters weigh $150M public safety bond amid debate over cost, growth and efficiency (Katu)
PacifiCorp's win in $1B-plus wildfire case appealed to Supreme Court (PBJ)
Portland city councilors set for final vote on more than $500M in debt for water plant (Katu)
Blazers Make Sweeping Layoffs on Business Side Under New Owner (WW)
Holland pays over $18M for Fremont site; 185 units to follow (DJC)
LMN and Live Nation file $72M plan for new music venue in Stadium District (DJC)
Boeing-maintained plane flaw found 10 other times, NTSB finds (ST)
Bozeman airport selected in first round of pilot program to transition to FAA-owned tower (DM)
County to build out Marshall Mountain base area with $800K federal grant (Missoulian)
Trammell Crow subsidiary plans mid-rise project in Bellevue (PBJ)
West Marine files Chapter 11 with $429M debt load (PBJ)

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Community Highlight

Oregon sees a sustained drop in overdose deaths, state health officials say (OPB)

“Fatal drug overdoses in Oregon fell in 2024, the first year-over-year drop since 2016.

In Oregon, there were 1,544 overdose deaths in 2024, a 16% annual decline.

State health officials said they’re still finalizing data for last year, but it appears the decline continued in 2025.”

Rip’s Spotlight

A journey through Nike history: From Phil Knight’s basement to a 400-acre campus (ORL)

“As part of its coverage of Founder’s Week, The Oregonian/OregonLive visited every office Nike has called home. The driving tour traces the company’s journey from scrappy underdog to corporate giant, illustrating how its business evolved along the way. It also showcases Knight’s hustle, strategic thinking and entrepreneurial instincts, traits that second-year CEO Elliott Hill is working to reboot as part of an ongoing turnaround effort.”

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