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Portland Business Journal
Editor's notebook: A Portland maker takes us inside his 'party' space
When driving along North Columbia Boulevard at Interstate 5, a set of brightly colored windows jump out from the intersection’s south side. The well-lit words “Local Art Glass” beckon passers-by, with what looks to be a flurry of other lights, pieces of art and general industry in the background. <\p> “When I’m not here, it looks like there’s a party going on,” said Evan Burnette, the Local Art Glass purveyor.<\p>
Why Oregon's drug affordability board paused its primary mission
The Oregon Prescription Drug Affordability Board has hit the pause button on its main function: to review the affordability of certain prescription drugs.<\p> The board, which the Legislature established two years ago, had been working down a list of 12 drugs and one insulin product. At its Wednesday meeting, the board voted unanimously to suspend the current reviews to “allow time to suggest improvements to the criteria and methods used and to select and assess drugs for potential review, using a new dataset in 2025.”<\p>
Nike CEO John Donahoe: eBay, Icahn and a Buddhist retreat
This week, in advance of Nike's Q4 2024 earnings release on Thursday, the Business Journal's Demi Lawrence looked at the turbulent nearly five-year tenure of CEO John Donahoe. <\p> Between layoffs at the Beaverton world headquarters, cultural unrest and a direct-to-consumer strategy that critics say has stymied growth and innovation, there was a lot to squeeze in. <\p>
With $85M raised, Portland startup CEO on winning over investors
When Stephanie Strong founded Boulder Care in 2017, neither buprenorphine nor telemedicine were as accepted as they are today.<\p> The medication is considered the gold standard in treatment for opioid use disorder, yet restrictions around prescribing buprenorphine limited access, especially for those lacking stable housing or transportation. <\p>
Nike earnings: Flat annual revenue expected, all eyes on Donahoe
Ahead of a highly anticipated Nike earnings call tomorrow, analysts are not expecting overly positive numbers.<\p> Analysts on Yahoo Finance are expecting $51.6 billion in annual revenue and $12.8 billion in fourth quarter revenue, which would reflect flat growth for both. Its annual and fourth quarter revenue last year both grew 10%.<\p>
Security, public art highlight Central Eastside economic strategies
The group that advocates for Central Eastside district businesses said this week it will begin using a new "care and safety" model.<\p> The Central Eastside Industrial District's Central Eastside Together program, an enhanced service district that oversees several neighborhood strategies, revealed it will "immediately debut a Community Ambassadors program" through Rise2Care, which group leaders said will "move away from an ‘enforcement' affiliation and lead with a more trauma-informed approach."<\p>
Visa, Mastercard 'swipe' fee settlement dealt a big blow
A nearly $30 billion settlement involving U.S. retailers and credit card giants Visa Inc. and Mastercard Inc. has been dealt a blow after a judge said it was unlikely she would approve the deal.<\p> During a June 13 hearing on preliminary approval of the proposed settlement involving “swipe” fees, U.S. District Judge for the Eastern District of New York Margo Brodie said she was unlikely to sign off on the deal. Brodie issued a written order on the case on June 25, and while the order itself was sealed, the accompanying memorandum on the court docket stated that the "court finds that it is not likely to grant final approval to the Settlement and accordingly denies Plaintiffs' motion for preliminary settlement approval."<\p>
Column: Love soccer and screaming? You can try out to be a capo.
When I go to Thorns and Timbers games, I like to sit at the north end of Providence Park, because I know the teams’ fan groups, the Rose City Riveters and Timbers Army, will keep the fans in these sections engaged with chants and positive energy, no matter the score.<\p> Recently I learned the name for the brave individuals who jump up and down all match and keep the energy high: capos. And both fan groups just so happen to be hosting capo tryouts during the Green Is Gold Charity Match at Providence Park on Wednesday night. <\p>
Here are the 100 Fastest Growing Companies in Oregon and SW Washington
The Portland Business Journal is gearing up for the annual celebration of the Fastest Growing Private 100 Companies in Oregon and S.W. Washington.<\p> We kick things off with this introduction of the 100 companies that had the largest increase in revenue between 2021 and 2023, measured by both dollars and percentage growth. Companies had to have at least $500,000 in 2021 and $1 million in 2023 to qualify.<\p>
Photos: Guide Dogs meet new friends at Portland camp
A Portland-area nonprofit that advocates for blind and visually impaired people held one of its signature events this week.<\p> Guide Dogs for the Blind hosts blind or visually impaired campers between 14 and 17 for a free five-day program that allows them to "experience the guide dog lifestyle and connect" with other youths. Yesterday, youth campers went on their first walks with a guide dog.<\p>
A rising Portland beverage company brings cocktails to the masses
When the team at batch cocktail maker Straightaway wanted to make a Paper Plane, they needed a specific kind of amaro liqueur. They couldn’t find what they wanted on the market. So they made their own. <\p> In 2022, that product, called Mari Gold and sold under the brand Accompani, won best in show liqueur at the San Francisco World Spirits Competition.<\p>
NAR settlement means 'summer of uncertainty' for real estate agents
Teresa King Kinney is no stranger to abrupt change in the real estate industry — and the National Association of Realtors' recent settlement is no exception.<\p> She’s been the CEO of the Miami Association of Realtors and its 60,000-plus agents since 1993. In that time, she's navigated several recessions, the Global Financial Crisis and the turbulent, unpredictable Covid-19 pandemic.<\p>
Leader Board: 21 new Portland-area executives you should know
It's time for the Q2 2024 edition of the Leader Board, a quarterly feature in which we introduce Portland Business Journal readers to executives who are new to their positions. <\p> Read on to see who's on the latest list.<\p>
You probably haven't heard of Oregon's largest primary care group
Oregon’s largest network of primary care providers is not a household name, but Praxis Health has quietly assembled a collection of 33 primary care clinics around the state and shows no signs of slowing down.<\p> Praxis has grown about 10% to 20% a year, half of it organic and half from acquiring other independent clinics, said CEO Dan McCarthy, who is based in Bend. It has invested more than $50 million in medical facilities to aid its growth, according to an August 2023 performance summary.<\p>
Laika lands a high-profile film project
Oregon's preeminent film studio plans to make an animated feature film based on a best-selling 2021 novel.<\p> "Pinanesi," by Susanna Clarke, has sold more than 4 million copies. It won the 2021 Women's Prize for Fiction. <\p>
Five Things to know: Nike layoff effects, a former PBJer's podcast win
Happy last week of June, Portland. Hard to believe we, just two years ago, were fighting through 117 degree temperatures. Holy heavens, I hope we learned something from that. <\p> On with the Five Things show.<\p>
The Playbook: The disconnect on vacation is getting better
Editor's Note: Welcome to The Playbook Edition, a look at stories, trends and changes that could affect your business and career. Want more stories like this in your inbox? Sign up for The Playbook newsletter. <\p> While many organizations have embraced hybrid work, there’s a chance it may not be the best option for certain groups of workers. <\p>
PGE CEO takes utility trade group board helm, faces questions
Portland General Electric CEO Maria Pope on Wednesday was elected board chair of the Edison Electric Institute, a major electric utility trade group.<\p> That same day, two U.S. senators sent her a letter with pointed questions related to EEI's challenge of a Biden administration rule limiting climate gas emissions from coal- and natural gas-fired power plants.<\p>
Ex-Nike workers hired as chiefs for local supply chain company
A Portland-based sustainable supply chain management company has hired three ex-Nike employees to several key positions within the company.<\p> Synergy India Ventures has hired Sharla Settlemier as its chief sustainability officer, Dominique Chantale Alepin as its chief legal and environmental, social and governance officer and Angie Plitch as its chief strategy officer. <\p>
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