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Virginia Business announces Top Projects awards program
In July, Virginia Business will introduce its inaugural Top Projects recognition program, honoring the innovative buildings and facilities reshaping Virginia’s landscape. (Applications are due April 10 and can be submitted at virginiabusiness.com/top-projects. Top Projects will spotlight the best building and construction projects delivered in Virginia during the prior calendar year (2025) a[...]
Preparation, pandemic helped Virginia land Big Pharma deals
Virginia attracted $12 billion in pharmaceutical manufacturing investments in 2025, leveraging site readiness, workforce training, and strong infrastructure.
Giant economic development deals took spotlight in 2025
Virginia's 2025 saw major data center and pharmaceutical investments driving growth despite federal workforce declines and budget challenges.
Eli Lilly’s Goochland $5B plant to benefit region and beyond
Eli Lilly is investing $5 billion in a Goochland pharmaceutical plant to create 650 jobs and produce advanced therapies, strengthening Virginia’s pharma sector.
Lilly bets on next-generation cell therapy with $2.4B deal for Orna
Eli Lilly agreed to buy Orna Therapeutics for up to $2.4 billion, gaining in vivo CAR-T and circular RNA technology platform.
Aktis Oncology secures Lilly as anchor investor for upsized US IPO
Jan 7 (Reuters) – Cancer drug developer Aktis Oncology said on Wednesday it was targeting a valuation of up to $945.4 million in its upsized initial public offering, signaling strong investor demand for 2026’s first U.S. listing. The Boston, Massachusetts-based company has also drawn in Eli Lilly to anchor the IPO, with the pharma giant […]
Dow, S&P 500 hit records despite AI stock slump
NEW YORK (AP) — Wall Street set records on Thursday, even as a sell-off for Oracle and worries about a potential bubble in artificial-intelligence technology weighed on the market. The S&P 500 inched up 0.2% and eked past its prior all-time closing high, which was set in October. The Dow Jones Industrial leaped 646 points, or 1.3%, to top its […]
2025: The year of living disruptively
Looking back on 2025, the best symbol of the past year’s upheaval might be the White House, if not its most famous occupant. Since moving back into 1600 Pennsylvania Ave. in January, our real estate mogul president has launched into a series of home renovations worthy of its own HGTV series. The most prominent changes […]
FOR THE RECORD December 2025
Central Virginia Pharmaceutical giants AstraZeneca, Eli Lilly & Co. and Merck & Co. have committed a cumulative $120 million to develop a workforce training center for advanced pharmaceutical manufacturing in Central Virginia. The companies, each of which plans to build major manufacturing facilities in Virginia; the state government, including Virginia Innovation Partnership Corp.; and [...]
Metsera falls after accepting up to $10 billion offer from Pfizer
Pfizer wins a $10 billion deal for weight-loss drugmaker Metsera, ending its bidding war with Danish rival Novo Nordisk.
Stocks slip from records amid trade, tech earnings news
U.S. stocks fell from record highs as investors weighed U.S.-China trade talks and mixed Big Tech earnings from Meta and Microsoft.
Eli Lilly to invest $5B in Goochland plant, creating 650 jobs
Pharmaceutical giant Eli Lilly & Co. plans to invest $5 billion in a manufacturing facility in Goochland County expected to create 650 permanent jobs.
