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Google to replace Verizon on Dow Jones, Boise pickleball club evicted for falling behind on $30k/ month rent, Wilsonville battery company may be delisted from NYSE, Micron shares down 13% on broad market correction, Walmart acquires TV ad network, Meta to build prediction market app, South Korean stock market has ‘black Tuesday,’ St. Charles cuts 22 leadership roles, axes hiring on 23 vacant roles.
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PNW Market Look
As of market close 6.23.26
SpaceX raises $25 billion in debt sale less than two weeks after IPO (CNBC)
Walmart to Acquire Vibe.co to Expand Access to Connected TV Advertising (WLMT)
South Korea's KOSPI plunges nearly 10% after regulator cautions on leveraged ETFs (Reuters)
Headline Roundup
Oregon reaches $7 million settlement with property management company for hiking rent prices (BB)
St. Charles cuts 45 leadership positions in restructuring move (COD)
Four Amazon Electric Vans Destroyed in Suspected Arson (WW)
(WA) Brewery pours over $10M into neighbor (DJC)
Amazon warehouse in Eugene gets permits (DJC)
Amazon eyes large new Boise warehouse facility as it continues same-day push (BD)
‘Optimistic’ until the end, Boise indoor pickleball club closed after eviction (IDS)
Wilsonville battery-maker ESS faces new NYSE listing trouble (PBJ)
Senate votes to limit Trump’s Iran war powers in rare rebuke (Ground)
Trump administration announces $17.5 billion in loans for 10 new large nuclear reactors (Ground)
NuScale Power (NYSE: SMR) Stock Price Surges 13.5% On New Paragon Contract (FPJ)
Microsoft completes construction on first datacenter facility in Mount Pleasant, Wisconsin (MSFT)
San Francisco-based AI company Superhuman expands into Westlake office (PBJ)
U District office buildings sell for 83% less than 2019 price (PBJ)
North Unit floating solar project faces uncertain future as grant nears expiration (BB)
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Community Highlight
Former Montana official tapped to lead Bonneville Power Administration (WSS)
“Travis Kavulla’s extensive experience in the energy sector will strengthen Bonneville’s ongoing efforts to expand and modernize energy infrastructure and ensure regional grid reliability,” Wright said in a statement. “I look forward to partnering with Bonneville as it builds on its legacy as the region’s leading provider of wholesale power and works to secure a prosperous future for the people of the Pacific Northwest and our nation.”
Kavulla was elected to Montana’s PSC in 2010 at the age of 26, and was re-elected in 2014, serving in his role until 2019.
After his term in office, Kavulla worked for the California Independent System Operator, which operates much of that state’s power grid, did a short stint at think tank R Street Institute, and has been a vice president at NRG Energy for the last seven years, according to his LinkedIn profile.
BPA markets power from 31 federal dams throughout the Columbia River Basin and one nuclear plant to nonprofit consumer-owned utilities, operates a majority of the region’s high-voltage transmission grid and funds one of the largest fish and wildlife programs in the world.”
Rip’s Spotlight
Clackamas County union treasurer accused of embezzlement placed on paid leave (ORL)
“Scott Vandecoevering was put on paid administrative leave June 2, according to county spokesperson Scott Anderson. Vandecoevering is a senior policy, performance and research analyst — a job with an annual salary of $123,198. He was also the longtime financial officer for the Clackamas County Employees’ Association.
The union accused Vandecoevering of embezzling money from the organization earlier this month. In a statement, union officers said they reported the incident to police, but did not say how much was allegedly stolen”
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