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Trump 2.0: Making real estate great again?
Let Trump be Trump. A campaign staffer’s now-famous motto during President Donald Trump’s 2016 bid for president nods to the mercurial nature of the real estate mogul and former reality television star — as well as a similar slogan from “The West Wing.” And Trump himself has repeatedly said he trusts his gut over his [[...]
The 2025 Virginia Black Business Leaders Awards: The Achievers
Black business leaders have played a pivotal role in shaping modern Virginia’s economic and cultural landscapes and driving progress across industries and communities. From the entrepreneurial spirit of pioneers who built thriving enterprises during times of immense adversity amid segregation and civil rights battles to today�[...]
Herndon contractor to acquire NG division for $327M
Herndon tech and management contractor Serco Inc. has agreed to acquire Northrop Grumman’s mission training and satellite ground network communications software business (MT&S) for approximately $327 million. Serco Inc., a wholly owned subsidiary of United Kingdom-based Serco Group, announced the deal Wednesday, which is e[...]
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The White House budget office on Wednesday rescinded a controversial memo issued Monday that froze spending on more than $3 trillion in federal financial assistance, including grants and loans backing economic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[...]
