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Good Morning,

We’d like to send a sincere Thank You to the bystander that took action during a school shooting in Bend and prevented a horrific situation from being even worse.

Washington and Finland ink economic partnership, Lithia pops on news of potential 48% upside, Nike & Lululemon both see 5+% gains, $151M lawsuit filed against Powin Energy Execs, ‘super range’ military testing site to be built in Montana, Meta’s AI agent Muse to come to Macs, Tesla built a flying car.

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PNW Market Look

As of market close 10.15.26

CoreWeave credit default swaps hit distress levels as investors sour on AI debt (CNBC)

Headline Roundup

Live updates: Children are among the victims at Bend, Oregon, school shooting; suspect dead (NBC)

Lithia Motors, Inc. Stock 12‑Month Price Target Cut to $415.43, Implies 48% Upside (TV)
Oregon unemployment ticked down slightly in September on strong growth in construction (OPB)
Amazon, data centers and the race for Oregon governor (OPB)
Kroger, parent company of Fred Meyer, to lay off 3,000 corporate employees as it leans into artificial intelligence (OPB)
Mayor Wilson Calls on Prosper Board to Review Executive Director's No-Bid Contracts With Friends (WW)
Business and Labor Groups Launch Political Committee to Back Moderates Running for County Chair and City Council (WW)
Capitol Hill Goodwill sells for $13M (DJC)
US Inflation Hits 3.7% in September, Above Forecasts (Ground)
Oregon Adds 5,800 Jobs as Retail Employment Falls and Construction Rebounds (SBJ)
Idaho Gov. Little suspends dyed diesel inspection to ease costs for farmers as Iran War continues (IDC)
Pearl District apartment complex sold at 40% markdown (PBJ)
$151M lawsuit alleges Powin execs, PE owners misled suppliers before collapse (PBJ)
UW's engineering college lands $12 million gift from chipmaker (PBJ)
Tacoma Water underway on new $37 million operations building in Nalley Valley (PBJ)

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Community Highlight

Washington, Finland sign cooperative agreement to build economic, innovation partnerships (WAGOV)

“Governor Bob Ferguson and Finland’s Ambassador to the United States, Leena-Kaisa Mikkola, set a new framework to guide collaboration and trade between Washington and Finland.

The agreement lays out specific industries and research areas that will be the focus of ongoing collaboration between Finland and Washington. These include:

Modern maritime industry safety, efficiency and sustainability;
Aerospace and defense innovation;
Clean energy generation, transmission and storage;
Sustainable forestry, fisheries and water resource management;
Sustainable transportation, including sustainable battery development; and
Emerging technologies such as quantum technology and Artificial Intelligence.

The agreement helps facilitate trade missions, connects small businesses with potential investors and suppliers, and sets priorities for knowledge sharing and policy expertise.

For example: Washington state is a global leader in quantum computing research, and Finland is a leader in producing the cryogenic materials needed for quantum computing. The Washington-Finland agreement helps researchers build their supply chain, particularly small research firms who might not otherwise have the resources to locate international suppliers. Finland is currently building the next-generation fleet of U.S. polar icebreaker vessels. Washington serves as the home of the U.S. icebreaking fleet, employing skilled regional civilian maritime expertise that sustains these vessels between deployments. The partnership can help connect those experts to Finnish shipbuilders to share knowledge about ship design and maintenance as they come into U.S. service.

“Washington state and Finland are global leaders in developing cutting-edge innovations,” Governor Ferguson said. “Today’s agreement strengthens our ties and helps build connections to create business opportunities, share expertise and expand academic partnerships with our world-class universities. Our partnership is focused on industries that reflect Washington and Finland’s shared values and complementary strengths. I’m committed to building new opportunities for Washington.”

Rip’s Spotlight

Trump announces plans for ‘super range’ military testing site in Montana (MTFP)

“Proposed legislation includes $10M for feasibility study; Democrats fault plan’s lack of detail.
President Donald Trump announced plans for a military testing range in Montana.

“I’m pleased to inform you and announce that, right here in Montana, the Department of War is going to establish a new super range for testing advanced weapons and technology,” Trump told the crowd.

He didn’t specify a location for the site but said it could support testing of “potential autonomous weapons,” space and electronic warfare technology, as well as supersonic and hypersonic weapons that travel at speeds of Mach 1 and Mach 5, respectively.

“Montana will help ensure the American military always reigns supreme,” Trump said.

U.S. Sen. Tim Sheehy issued a statement Thursday morning that the 2027 National Defense Authorization Act, which has not yet reached a full Senate vote, includes $10 million for a feasibility study for an advanced training range in Montana. Sheehy said in his statement that the evolving battlefield requires evolving technologies and that Montana’s military legacy and vast tracts of land make it a good choice for testing.”