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BWXT to...

BWXT to sell medical business for $800M

BWX Technologies on Monday announced it has entered an agreement to sell its medical business to Swedish healthcare investor Nordic Capital for up to $800 million.

Milestones: Virginia...

Milestones: Virginia companies going the distance

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The Row at Reston Station. Photo courtesy Comstock

QTS Data Centers to establish headquarters in Reston

Data center owner and developer QTS Data Centers has signed a 77,000-square-foot office lease at Reston Station, where it plans to establish its headquarters.

Industries

Then-Gov. Glenn Youngkin joined Merck & Co. at the October 2025 groundbreaking for Merck’s $3 billion expansion in Elkton. Photo by Kaitlyn DeHardie, Office of Gov. Glenn Youngkin

Big deals: Pharma, manufacturing make splash in Virginia

Anticipated to create at least 100 jobs apiece, these economic development announcements were some of the largest in Virginia in the second half of 2025 and the first half of 2026. CENTRAL VIRGINIA Albemarle County: In October 2025, U.K. pharmaceutical giant AstraZeneca announced plans for a $4.5 billion manufacturing campus with two facilities at the […]

Real Estate

Eli Lilly announced its planned $5 billion Goochland County facility in September 2025. Official photo by Kaitlyn DeHarde, Office of Gov. Glenn Youngkin

Eli Lilly buys Goochland property for $38.3M

Eli Lilly & Co. has purchased 227 acres in Goochland County for its $5 billion manufacturing plant announced in September 2025. 

Money

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City

Wall Street rallies, Dow closes at record on Iran talks optimism

NEW YORK, Aug 3 (Reuters) – U.S. stocks kicked off August on a strong note to send the Dow Industrials to a closing record high, as signs of de-escalating U.S.-Iran tensions pulled down oil prices and Treasury yields in a busy week for earnings and economic data. Crude prices settled down about 5% after U.S. […]

Government

Server room interior in datacenter. Depositphotos

Amazon data center campus plan for Ashburn hits Loudoun opposition

Amazon proposes four data center buildings at George Washington University’s Virginia Science and Technology Campus in Ashburn

People

Monica Baskin. Photo courtesy Virginia Commonwealth University

VCU names director for Massey Comprehensive Cancer Center

VCU names Monica Baskin director of Massey Comprehensive Cancer Center, who would make history as its first woman leader.

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BTM Business Connect

Rolley Davis, President of Sussex Development Corporation.

Rolley Davis Promoted to President of Sussex Development Corporation

Virginia Beach, VA — Sussex Development Corporation, a leading construction management firm headquartered in Virginia Beach, announced today the promotion of Rolley Davis from Vice President to President. As President, he will oversee company operations, strategic initiatives, and long-term growth, while continuing to foster the culture of integrity, commitment, collaboration, and excellence that has defined […]

Movers & Shakers

EVENTS

In-House Counsel Awards

September 17th, 2026 - 11:30 AM

Virginia Lawyers Weekly and Virginia Business recognize Virginia’s top in-house counsel, who, among other things, navigate complicated con[...]

Women In Leadership

October 6th, 2026 - 5:30 PM

The Women in Leadership Awards celebrate top women executives for their overall professional accomplishments, civic engagement, mentorship, [...]

Icons Honors

November 13th, 2026 - 11:30 AM

The Virginia Icons Awards recognize the lifetime achievements of Virginia leaders from business, government and higher education over the ag[...]

Best Places to Work in Virginia

Details coming soon!

Best Places to Work in Virginia is a research-driven program from Best Companies Group that examines your company’s practices, programs an[...]

see all events

Around The Nation

SpaceX’s first results put Musk’s AI spending under Wall Street microscope

Amazon enters $3T club as AI optimism sweeps through Wall Street

Fed chief Warsh faces hard choice on inflation after bond market’s ‘red flag’

Apple set to lose nearly $500B in value after weak forecast

US inflation slows in June, but reversal likely amid Middle East conflict

OpenAI cuts prices on smaller models as businesses scrutinize AI spend

Fed leaves rates unchanged; three policymakers dissent in favor of a hike

Oil jumps 7% on escalating Middle East airstrikes

People work inside the Microsoft data center campus' Graphical Processing Unit, currently under construction, after Microsoft's Vice Chair and President Brad Smith announced a plan to spend $4 billion on an additional artificial intelligence data center, in Mount Pleasant, Wisconsin, U.S., September 18, 2025. REUTERS/Audrey Richardson/File Photo

AI data-centre race builds $1 trillion lease burden for Big Tech

Microsoft, Meta, Oracle, Amazon and Alphabet have committed $1.09 trillion in future data centre leases to support ai growth, revealing large unrecognized liabilities.

A live feed shows SpaceX CEO Elon Musk on the day of SpaceX's initial public offering (IPO) at the Nasdaq MarketSite, in New York City, U.S., June 12, 2026. REUTERS/Jeenah Moon/File Photo

Options market braces for $225 billion swing in SpaceX’s value as earnings loom

Options market anticipates a $225 billion swing in SpaceX's value as its first earnings report approaches, reflecting investor uncertainty and volatility.

U.S. Treasury Secretary Scott Bessent speaks to members of the media at the White House in Washington, D.C., U.S., July 30, 2026. REUTERS/Kylie Cooper/File Photo

US Treasury’s Bessent: Reasonable for Fed to consider upsizing FIMA 1 Like reaction.

Treasury Secretary Scott Bessent says it is reasonable for the Federal Reserve to consider upsizing the FIMA facility as Japanese authorities seek to support the yen.

Bristol Myers Squibb has its corporate headquarters in Lawrence Township. Depositphotos

Bristol Myers Squibb, AstraZeneca reportedly weigh $400B merger

Bristol Myers Squibb and AstraZeneca are reportedly discussing a $400 billion merger that would create a pharmaceutical giant with global reach.

U.S. President Donald Trump gives thumbs-up as he walks to board Marine One following his arrival aboard Air Force One at Morristown Municipal Airport in Morristown, New Jersey, U.S., July 31, 2026. REUTERS/Daniel Heuer/File Photo

Capital One says it closed Trump Organization’s accounts after anti-money laundering probe

Capital One closed the Trump Organization's accounts after an anti-money laundering review, denying claims of politically motivated debanking.

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Opinion

Commentary: Entrepreneurs, think creatively

Are your best people leaving over money — or this?

Maritime and logistics can lift the commonwealth

No one’s indispensable — and that’s a good thing

The choice we’re making about AI

Virginia’s economic competitiveness depends on civic infrastructure

Making the business case for InternshipsVA

Millennials burn out while holding it all together

Jaime-Raul-Zepeda

Why your best employees are quietly losing their edge

Jaime Raul Zepeda explores why top employees lose their edge between burnout and boreout and the need for supported stretch in work.

Depositphotos

Virginia’s new pay law requires a number — not the truth

Virginia’s new pay transparency law requires employers to post salary ranges but may not ensure those numbers reflect realistic pay for applicants.

Jaime-Raul-Zepeda

“AI won’t take your job” and other things CEOs say before the layoffs

Gartner reports 80% of billion-dollar companies deploying AI have cut headcount, but these reductions did not improve financial returns.

Tesla CEO Elon Musk holds a mobile phone as he arrives to attend a state banquet with U.S. President Donald Trump and Chinese President Xi Jinping at the Great Hall of the People in Beijing, China, May 14, 2026. REUTERS/Evan Vucci//File Photo

One in a trillion: Musk’s milestone 

Elon Musk became history's first trillionaire following the successful SpaceX IPO, marking a new wealth milestone with significant economic impact.

Haymore_Todd

Could Virginia’s data center fight scare off other industries?

In 2024, following the unsuccessful effort to bring a sports arena to Alexandria, I wrote in Virginia Business that the Commonwealth would continue to find success recruiting investment and jobs because “the fundamentals of the commonwealth’s business case remain unbelievably strong and make us the envy of most other states.” That opinion was ultimately proven […]

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