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Starbucks to hire 2,000 in Nashville, Gates Foundation to cut 500 jobs, Amazon CEO says power shortage is issue for business, Mormon church to sell 6 Seattle chapels, 185 evacuated south of Red Lodge, Tukwila startup wins nuclear defense contract.
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PNW Market Look
As of market close 4.21.26
In a flashback to Game Stop in 2020, Avis Budget shares touch record high as short squeeze hammers bearish bets (Reuters)
Key Moments From Kevin Warsh’s Congressional Testimony (WSJ)
Headline Roundup
Metro auditors say the Oregon Zoo lacks the staff and processes to manage its $380 million bond (ORL)
East Side Fire burns 1,600 acres, 185 evacuated south of Red Lodge (DM)
New Oregon tax fight could send $300 million decision to voters (COD)
Gates Foundation cutting 20% of staff, launches review of Jeffrey Epstein ties: report (NYP)
Oregon could see nearly $40 million from an opioid settlement with Albertsons. State leaders say the money will fund recovery and treatment programs statewide. (COD)
Alaska Air Group lost $193 million in the first three months of 2026 as it dealt with skyrocketing jet fuel prices due to the war in Iran. (ST)
Boise, Idaho rank no. 1 for moves in 2026 as Washington interest fades (SR)
Starbucks announces it will move or hire 2,000 workers in Nashville office expansion (MNW)
Wilson Seeks to Eliminate 145 Jobs and Make Cuts to Parks, Police and Fire to Balance Budget (WW)
Eastside cities join forces to boost incentives for building upgrades (DJC)
What to know about the latest $3.4 million Helena school levies (MTFP)
Mixed-use Moyle Junction development announced for Star (IDP)
Mormon church to sell six Seattle-area churches, to add a new temple (ST)
Brown & Haley, candy-maker behind Almond Roca, announces merger (ST)
Why Knight Cancer Institute is cutting jobs after $2B gift (PBJ)
Trump's $1.5 trillion defense budget includes $750 billion for ships, jets and Golden Dome (Ground)
Judge: Appointment of Montana commerce director was unconstitutional (Missoulian)
Everett Community College pushes back $38 million project (PBJ)
Tukwila fusion startup lands defense contract for compact nuclear batteries (PBJ)
Issaquah OKs office building purchase as alternative City Hall site (PBJ)
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Community Highlight
Portland looks to close controversial Pearl District overnight-only shelter (ORL)
“By all accounts, this part of (the mayor’s homelessness plan) on several levels isn’t working out as expected,” Zarnitz said. “We’ve lived in this crisis a long time. We knew this wasn’t going to work. And that knowledge wasn’t considered valuable.”
Zarnitz said he was pleased to see the city change tack.
“This is the first time any office has really said, ‘This isn’t working, let’s do something else,’” Zarnitz said. “Instead of doubling down on failure, somebody in government is making the effort to redirect and I’m really happy about it.”
Rip’s Spotlight
Salem Chamber of Commerce Supports the $300 Million Community Infrastructure Bond, on the November Ballot (SBJ)
Here is a breakdown of what will be funded in this bond package:
Streets and Sidewalks: $157 million
Sites for Future Development: Branch Libraries and Affordable Housing: $7.5 million
Park Upgrades: $28.4 million
Affordable Housing Opportunity Fund: $10 million
Fire Engines and Equipment: $26 million
Civic Center Earthquake Safety: $39.5 million
Technology and Cybersecurity: $17.6 million
Sites for Two New Fire Stations: $14 million
Several previous bond measures will be retired and removed from the tax rolls over the next decade, providing up to $300 million to invest – without increasing tax rates. If the proposed bond passes, the Salem bond rate would remain at $1.20 per $1,000 of assessed value.
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