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Good Morning,
Micron beat earnings, new home sales fell in May, Bitcoin briefly dips under $60k, oil futures drop below $70/ barrel, Oregon to pay out $49m to incarcerated inmates who caught COVID, Oregon robotics company to go public via SPAC, Wallstreetbets set it’s sight on Wendy’s, Amazon Prime day is apparently in June now. (who knew??)
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PNW Market Look
As of market close 6.24.26
Micron: Revenue hit $41.5 billion, well above expectations. Adjusted earnings came in at $25.11 per share. Gross margin reached 84.9%, topping estimates and more than doubling from a year ago. (Yahoo)
Headline Roundup
Rural Oregon hospitals get $37 million, but concerns over maternity care remain (BB)
Seattle economic development director says city looking beyond JumpStart tax expansion (KOMO)
U.S. New Home Sales Fell in May (WSJ)
Idaho wins its third Silver Shovel award for attracting major investments including Micron Technology's $35 billion expansion and Tractor Supply's $225 million project. (IBR)
Aerial video: See Micron’s expansion progress from 2024 to now (BD)
Seattle's affordable housing developer given bonding power by city council (TCS)
Oregon will pay millions to those who caught COVID-19 while incarcerated (OPB)
Team selected for $41M UW outpatient medical center expansion (DJC)
Big Tech is bankrolling the clean energy transition...while emitting more than ever (KUOW)
Oregon robotics company Agility will go public in deal valuing it at $2.5 billion (ORL)
Anonymous $15M donation to fund expansion of Oregon State’s Goss Stadium (ORL)
White House seeks $87.6B from Congress for Iran war costs, US farmers and Ebola response (ST)
Nike hires CFO, David Denton, from pharma giant Pfizer (PBJ)
(WA) Blaine wants to build library, daycare, housing on city-owned land (CD)
Trump cancels signing of bipartisan US housing bill (Ground)
Seattle pay software company Syndio makes first acquisition, buying AI startup (PBJ)
Unico lists Tacoma's tallest office tower for sale (PBJ)
Amazon Prime Day Total Online Spending Beats Estimate on Day One (BBG)
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Community Highlight
Backcountry Offroad Expo brings off-road community together (OE)
June 26-28, 2026
Overland Expo® is the premier overlanding event series in the world—no other event offers the scope of classes taught by the world’s leading experts alongside a professional-level trade show that brings together all the camping and vehicle and motorcycle equipment and services you need to Get Outfitted. Get Trained. Get Inspired. Get Going.
No other event series features a gathering of so many overland legends, authors, and experts. Overland Expo Pacific Northwest offers more than 400 session-hours of incredible programs—that’s 175+ different classes, slideshows, demonstrations, and activities—brought to you by 120+ instructors and presenters from around the world.
Rip’s Spotlight
Boise proposes 2027 budget, would be largest ever at over $1B (IDP)
This budget discussion was preceded by the revelation of a $3 million surplus from a mix of sources, including revenue that was higher than projected and an increase in taxable value within the expiring Westside Urban Renewal District. Rather than increase property taxes by the maximum 4% allowed by law, which includes 1% in forgone taxes, the city has opted to utilize these funds and recommend a 2.7% increase instead.
The 2027 budget would be Boise’s biggest budget yet and totals to $1.2 billion. This compares to the 2026 budget of $949 million and 2025’s budget of $877 million, according to city of Boise documents.
In her presentation, McAndrews noted that the costs for essential materials are rising faster than budget growth allowed by the legislature. From 2017-2025 software utilized by the city has increased in price by 12% annually, fuel has increased by 5% annually and insurance has been on the rise by 6% annually.
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