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Microsoft to lay off about 3% of its workforce
Microsoft cuts nearly 6,000 jobs—about 3% of its workforce—in its largest layoff since 2023, impacting LinkedIn, Xbox, and management roles.
US and China take a step back from sky-high tariffs and agree to pause for 90 days for more talks
The U.S. and China agreed to cut tariffs and pause their trade war for 90 days, calming markets and renewing hopes for a long-term deal.
CoStar to purchase Australian property listings platform for $1.9B
Arlington County real estate data firm CoStar Group announced Friday it has signed a deal to acquire Domain, an Australian property listings platform, for 3 billion in Australian dollars, or $1.9 billion in U.S. dollars.
Lego to build $366M Prince George County warehouse
Lego will invest $366 million in a new warehouse in Prince George County, creating an estimated 305 jobs and expanding its U.S. logistics and distribution network.
New Arlington hub to boost defense, energy startups
Virtus Innovation Center in Arlington will support 30+ startups in defense and energy, connecting them to talent, capital, and federal customers.
Law firms advise businesses on Trump 2.0 policies
Virginia law firms see surge in client questions as Trump’s 2025 executive orders spark regulatory, immigration, and DEI compliance concerns.
Tariffs could add $500M to Dominion offshore wind project
Richmond-based Fortune 500 utility Dominion Energy says the cost of its Coastal Virginia Offshore Wind project in Virginia Beach could rise by about $500 million due to tariffs on imported goods imposed by President Donald Trump.
Companies sue over Valley medical marijuana permit
Seven businesses are suing Virginia over a disputed medical marijuana permit in the Shenandoah Valley region, citing violations of FOIA and VAPA laws.
Georgia-Pacific to close Emporia mill, cutting 550+ jobs
Georgia-Pacific will permanently close its Emporia plywood mill, cutting 550 jobs. The shutdown deals another economic blow to Southern Virginia.
Virginia Tech’s president defends NIH research funding
President Sands warns NIH cuts will harm research, national security, and Virginia Tech’s future as Trump-era policies challenge higher education.
HII, General Dynamics win up to $18.4B submarine contract modification
Huntington Ingalls and General Dynamics have been awarded Navy contract modifications worth up to a possible $18.4 billion to build two Virginia-class submarines, the Department of Defense announced.
Forty under 40: Celebrating the rising stars shaping Virginia’s future
Meet 40 young leaders transforming Virginia's business landscape. Honorees excel in fields like banking, health care, real estate and government.
