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Alaska Airlines launches international route, SpaceX filed for an IPO seeking $75B in listing with $2T valuation, Oregon voters shoot down gas tax hike, Intuit cuts 17% of employees, Boise looking to raise taxes & fees, Starbucks Korea CEO fired.
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PNW Market Look
Nvidia , EARNINGS SUMMARY (KS):
1. Record quarterly revenue of $81.6 billion, above expectations
2. Q1 adjusted EPS of $1.87, above expectations
3. Q2 revenue guidance of $89.2 billion to $92.8 billion, above expectations
4. New $80 billion share buyback authorization
5. Increase in dividend from $0.01/share to $0.25/share
6. Total revenue growth of +1,035% over the last 3 years
Once again, Nvidia has crushed just about every expectation possible.
The AI Revolution is on fire.
Headline Roundup
Alaska Airlines Launches 1st-Ever Transatlantic Boeing 737 MAX Flight Next Week (SF)
Baird Lifts PT on Lattice Semiconductor Corporation (LSCC) Following Q1 Results (YF)
BLM just pummeled conservation in Montana and the West. Experts say wildlife stands to lose. (BG)
Seattle City Council passes bill allowing larger homeless shelters, tiny home villages (MNW)
Washington state has the 3rd highest GDP per Capita in the United States, generating almost $1 TRILLION of total state GDP. (VC)
Kemper backs BAM building sale to KidsQuest (DJC)
91 Ballard units sell for over $24M (DJC)
(ID) Nine incumbent candidates lost primary races Tuesday. Most were hardline conservatives (IDP)
Boise looks to increase taxes, fees as it says it’s ‘constrained’ in budget (BD)
Portland area voters approve money for historical society, parks and fire station, reject funding for police (ORL)
Superfund site is big step closer to becoming Portland’s most expansive botanical gardens (ORL)
Idaho families get a second chance to apply for $50 million education tax credit (IDS)
‘Full steam ahead’: New plans emerge for long-awaited town center in Harris Ranch (IDS)
Starbucks Korea CEO is fired over ad that stirred memories of brutal history (ST)
Oregon startup acquired by Harley-Davidson spinoff (PBJ)
Elon Musk’s SpaceX unveils filing for blockbuster IPO (Ground)
Emails: Massive gas power plants planned north of Billings for Broadview data center (Missoulian)
Amazon linked to massive warehouse project proposed for Snohomish County (PBJ)
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Community Highlight
Christine Drazan takes Republican nomination (OPB)
“In 2022, Drazan faced off against Democrat Tina Kotek in the governor’s race, and early returns Tuesday night show she’s on her way to square off against Kotek again.
Drazan led a crowded field of Republican governor candidates with over 43% of the vote, prompting The Associated Press to declare her the winner of her party’s nomination.
State Rep. Ed Diehl, a Republican from Scio, was currently second with about 30% of the vote. Former Portland Trail Blazer Chris Dudley was third with about 16%.”
Rip’s Spotlight
Portland-Based Providence Health Plan To Stop Offering Most Insurance Plans At End of Year (WW)
“The Providence Health Plan said Wednesday that it would stop offering most of its insurance products by the year’s end, heralding the near-complete dissolution of a longtime stalwart of Oregon’s private health insurance marketplace.
Wexler emphasized that there would be no immediate change for those who get health benefits through the Providence Health Plan—a population which includes about 350,000 Oregonians.
Wexler said the PHP would be stepping away from essentially its entire commercial health insurance business. This constitute’s the plan’s main membership base, the people who get Providence benefits through, say, an employer or on Healthcare.gov.”
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