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Kaine, Warner respond to Trump White House rescinding spending freeze memo
The White House budget office on Wednesday rescinded a controversial memo issued Monday that froze spending on more than $3 trillion in federal financial assistance, including grants and loans backing economic development and infrastructure projects across the nation. In the two-sentence memo issued Wednesday, Matthew J. Vaeth, [...]
Trump’s pause on $3T in federal funding could impact Va.
Update, 7:30 p.m. A federal judge temporarily blocked President Donald Trump’s freeze on federal spending until at least Feb. 3, but the White House did not immediately respond to the judicial order. On Monday, Trump ordered a freeze on more than $3 trillion in federal financial assistance, including grants and loans backi[...]
Smithfield Foods raises $522M in first day on Nasdaq
Smithfield Foods officials rang the opening bell Tuesday at the Nasdaq MarketSite in New York City, as the packaged meat and fresh pork giant launched its initial public offering of 26 million stock shares at $20 per share on the Nasdaq Global Select Market, raising $522 million. The offering consists of 13,043,479 shares of com[...]
Something in the Water called off, found in breach of contract
Something in the Water, music and fashion mogul Pharrell Williams’ Virginia Beach music festival, has been called off after missing an extended deadline Monday. Last week, Virginia Beach officials gave concert organizers a five-day deadline to meet the city’s requirements for a lineup of performers and a start to tic[...]
Pharma company to invest $54.2M in Richmond R&D facility
Pharmaceutical company Haleon will invest $54.2 million to upgrade its research and development facility in Richmond and launch an internship program in partnership with state government and Virginia Commonwealth University, Gov. Glenn Youngkin announced Monday. The physical upgrades at the facility, located at 1211 Sherwood Ave[...]
Spanberger leads Earle-Sears in early state polling
It’s still early days, but in Virginia’s 2025 gubernatorial race, Democratic candidate Abigail Spanberger leads Republican Lt. Gov. Winsome Earle-Sears in a pair of new statewide polls. In the Virginia Commonwealth University Wilder School of Government and Public Affairs poll released Friday, former U.S. Rep. Spanbe[...]
Va. to receive $107.4M in updated opioids settlement
Virginia stands to receive up to $107.4 million in a multistate settlement proposed by OxyContin producer Purdue Pharma and its owners, the Sackler family, Virginia Attorney General Jason Miyares announced Thursday. The defendants in the federal case have offered to pay $7.4 billion to 14 states to settle claims that under the l[...]
Va. Beach gives Something in the Water 5-day deadline over contract breach
After receiving a brief reprieve, the clock is ticking for organizers for Pharrell Williams’ Something in the Water music festival. Organizers were given five days to make significant progress in meeting Virginia Beach’s requirements for a lineup of performers and a start to ticket sales, city officials decided Tuesd[...]
Dominion says offshore wind farm moving forward, despite executive order
President Donald Trump started his second term Monday with a flurry of executive orders, including one that temporarily ceases all federal wind leases under consideration and calls for an “immediate review” of the policies before resuming. So, what does that mean for Virginia and Dominion Energy, which is midway thro[...]
QinetiQ names new president and CEO
Tom Vecchiolla, a longtime defense executive, has succeeded Shawn N. Purvis as president and CEO of McLean security and defense contractor QinetiQ US, the UK-based parent company QinetiQ Group announced Tuesday. Purvis joined QinetiQ in February 2022, having previously worked at Northrop Grumman, Science Applications Internatio[...]
Winchester cabinet manufacturer closing Orange plant
Winchester-based cabinet manufacturer American Woodmark is closing its manufacturing facility in Orange, laying off 131 employees. The company notified the state of the closure Jan. 7 in compliance with the Worker Adjustment and Retraining Notification Act. The layoffs at the plant, located at 281 Kentucky Road, will take effect[...]
Perdue Farms agrees to $4M settlement in child labor probe
Perdue Farms has agreed to pay $4 million in restitution to settle a federal investigation into alleged child labor violations at the company’s poultry processing plant on Virginia’s Eastern Shore. In October 2023, the U.S. Department of Labor’s Wage and Hour Division announced it had launched a probe into alle[...]
