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S&P closes at new record high, Microsoft ends revenue share with OpenAi, Delta reducing international flights from Seattle, Nike cuts 172 more jobs, 117 year old Butte restaurant closes,

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PNW Market Look

As of market close 4.27.26

Micron and Sandisk continue rally as demand for memory expected to persist (CNBC)

Headline Roundup

Elon Musk trial against Sam Altman to reveal OpenAI power struggle, jury is seated (Reuters)
Microsoft cuts OpenAI revenue share in a fresh step to loosen their AI alliance (KUOW)
Would a Vacancy Tax Spur Owners of Empty Towers to Seek Out Commercial Tenants? (WW)
Amazon acquires Frederickson industrial properties in $219.5 million deal (PBJ)
Forma wins $132M high school rebuild (DJC)
FWP floats proposal to close East Gallatin to fishing from boats (MTFP)
Oregon Renaissance Faire-Linked Company Buys Oak Knoll Golf Course, Raising New Questions In Polk County (SBJ)
Dirk Kempthorne dies. Mayor, Senator, Governor, Secretary focused adult life on serving Idaho (BD)
Kotek signs bill for Moda Center project, puts pressure on City Council: ‘Not a time to play politics’ (ORL)
Delta Air Lines reduces flights from Seattle to Mexico (ST)
WA sues Safeway’s owner Albertsons over allegedly fake BOGO deals (ST)
Jury awards $160,000 in Idaho State University racial discrimination case (IDS)
Taxpayer migration cost Portland metro $715M in 2023 (PBJ)
369-unit apartment complex to break ground in Beaverton (Renderings) (PBJ)
Trump to pay more companies to abandon offshore wind and invest in fossil fuels (Ground)
Pekin Noodle Parlor in Butte closes its doors after 117 years (DM)
Another Madras official quits, says city issues 'above my pay grade' (COD)

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Community Highlight

PNW Told Podcast releases interviews with all Deschutes County Commission Candidates (Spotify)

Rip’s Spotlight

What to know about proposed zoning changes in Seattle (PBJ)

“Seattle is implementing major zoning changes through the "One Seattle Plan" (adopted Jan 2026) to increase housing density, targeting Neighborhood Residential zones to allow at least four units per lot (six near transit). Key changes include expanding "middle housing" (duplexes, townhomes), increasing height limits to 32+ feet, and reducing parking requirements, aimed at curbing high housing costs”

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