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Pfizer agrees to lower drug costs, $70B US investment
Pfizer will lower drug costs for Medicaid and invest $70B in U.S. manufacturing under a deal announced with President Trump.
Hampton Roads seeks opportunities amid federal policy changes
Hampton Roads leaders warn of risks from tariffs, defense cuts and energy policy while seeing growth in military tech and industry.
Federal job cuts ripple through Northern Virginia
Trump’s federal job cuts are hitting Northern Virginia hard, with layoffs, stalled contracts, rising unemployment and a softening housing market.
Wind energy projects continue despite federal headwinds
Despite cost increases, legal challenges, tariff uncertainty and President Donald Trump’s dogged opposition to wind energy, Dominion Energy’s Coastal Virginia Offshore Wind project is on track to begin powering 660,000 homes in late 2026. Construction on the 2.6-gigawatt project 27 miles off the Virginia Beach coast was 60% complete as of late July. According to […]
George Mason president resists federal pressure
George Mason University President Gregory Washington faces federal probes over hiring, DEI policies and antisemitism, but is fighting to stay.
Top Five: October 2025
The top five most-read daily news stories on VirginiaBusiness.com from Aug. 9 through Sept. 9 included news of a new medical school launching at the University of Mary Washington. 1 | Virginia Chamber CEO resigns after 4 months After serving as the Virginia Chamber of Commerce’s president and CEO since April 1, Cathie Vick left […]
Trump’s trade battle with China puts soybean farmers in peril
China stops buying U.S. soybeans, leaving Virginia farmers with fewer export markets. Simultaneously, farmers face rising expenses.
Trump threatens 100% tariff on foreign-made films
Trump says he’ll impose a 100% tariff on foreign films, alarming Hollywood studios that depend on global production and box-office revenue.
Trump administration says it will expand coal leasing, fund coal plant upgrades
WASHINGTON (Reuters) -The Trump administration will expand coal mine leasing on federal lands and provide hundreds of millions of dollars to support more coal-fired power generation, officials said on Monday. The plan is part of a broader effort by the administration to reverse the decline of coal use in the U.S., a fossil fuel that […]
White House budget office tells agencies to draft mass firing plans ahead of potential shutdown
OMB told agencies to prepare mass layoffs if the government shuts down next week, escalating pressure in Trump’s budget fight with Democrats.
Trump’s workforce purge batters DC’s job market and leads to rise in homes for sale, report finds
A Brookings report shows DC’s job market weakening as Trump’s federal workforce cuts push unemployment to the highest rate in the nation.
US implements EU trade deal, 15% autos tariffs retroactive to Aug 1
The Trump administration confirmed a trade deal with the EU, lowering auto tariffs to 15% and exempting aircraft, drugs, and raw materials.
