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AstraZeneca plans...

AstraZeneca plans multibillion-dollar pharma factory in Virginia

AstraZeneca plans to construct a multi-billion dollar manufacturing center focused on chronic diseases in Virginia within the next five years.

Northern Va....

Northern Va. Chamber unveils road map to reinvent economy

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Phlow’s hybrid manufacturing facility in Petersburg, which will produce 40 to 60 metric tons of active pharmaceutical ingredients annually, should be operational in the first half of 2024. Photo courtesy Phlow Corp.

Phlow raises $37M in Series C round

Richmond-based pharmaceutical manufacturing company Phlow announced Tuesday that it had secured $37 million in a capital raise.

Industries

Virginia State Bar applauds expansion of emeritus bar eligibility

Virginia State Bar applauds expansion of emeritus bar eligibility

Virginia eases rules for emeritus lawyers to expand pro bono legal services and address access to justice in underserved communities facing legal deserts.

Real Estate

Investors snap up 27% of U.S. homes as buyers retreat

US home sales fall in June as prices soar to new heights

LOS ANGELES (AP) — Sales of previously occupied U.S. homes slid in June to the slowest pace since last September as mortgage rates remained elevated and national median sales prices hit unprecedented levels. Existing home sales fell 2.7% last month from May to a seasonally adjusted annual rate of 3.93 million units, the National Association of Realtors […]

Money

Wall Street Holds Near Records on Mixed Earnings

Wall Street Holds Near Records on Mixed Earnings

NEW YORK (AP) — Wall Street is hanging near its records on Tuesday following some mixed profit reports, as General Motors and other big U.S. companies give updates on how much President Donald Trump’s tariffs are hurting or helping them. The S&P 500 was shaving 0.1% off its all-time high set the day before. The Dow Jones Industrial Average was up […]

Government

Virginia-class submarine. Photo by AdobeStock

BWXT wins $2.6B in contracts for naval nuclear reactor components

The U.S. Naval Nuclear Propulsion Program has awarded BWX Technologies contracts totaling approximately $2.6 billion.

People

SES Space & Defense announces new CEO

SES Space & Defense announces new CEO

Reston-based satellite company SES Space & Defense announced Tuesday that it has appointed David Broadbent as president and CEO.

Healthcare

BTM Business Connect

Commonwealth Commercial Partners Expands Nashville Office with Strategic Leadership Hire

Commonwealth Commercial Partners Expands Nashville Office with Strategic Leadership Hire

Commonwealth Commercial Partners (CCP), a leading full-service commercial real estate firm, has expanded its Nashville office with the addition of Rob Hennes as Managing Director. This move supports CCP’s ongoing growth across the Southeast and strengthens its ability to provide integrated real estate services in one of the region’s most dynamic markets. Hennes brings over […]

Movers & Shakers

EVENTS

C-Suite Awards

Details coming soon!

The C-Suite Awards celebrate top corporate executives who consistently demonstrate remarkable leadership skills, integrity, values, vision, [...]

Forty Under 40

Details coming soon!

Virginia Business is pleased to launch its inaugural Forty Under 40 Awards program in 2025!

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[...]

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Around The Nation

Chevron clears hurdle, seals $53B Hess acquisition

Retail sales rebound in June despite tariff concerns

Jobless claims fall to 3-month low, defying tariff fears

Trump administration fires 17 immigration judges in 10 states, including Virginia

Maryland Supreme Court disbars Virginia lawyer for abusing courts, financial misconduct

The tariff-driven inflation that economists feared begins to emerge

Nvidia to resume highly desired AI computer chip sales to China

US inflation accelerated in June as Trump’s tariffs start to bite

Coca-Cola to Launch Cane Sugar Cola in U.S.

Coca-Cola to Launch Cane Sugar Cola in U.S.

Coca-Cola said Tuesday it will add a cane-sugar version of its trademark cola to its U.S. lineup this fall, confirming a recent announcement by President Donald Trump. Trump said in a social media post last week that Coca-Cola had agreed to use real cane sugar in its flagship product in the U.S., which has been sweetened with […]

Trump threatens NFL stadium deal over team name

Trump threatens NFL stadium deal over team name

CLEVELAND (AP) — President Donald Trump is threatening to hold up a new stadium deal for Washington’s NFL team if it does not restore its old name of the Redskins, which was considered offensive to Native Americans. Trump also said Sunday that he wants Cleveland’s baseball team to revert to its former name, the Indians, saying […]

Retailers face holiday uncertainty over Trump tariffs

Retailers face holiday uncertainty over Trump tariffs

NEW YORK (AP) — With summer in full swing in the United States, retail executives are sweating a different season. It’s less than 22 weeks before Christmas, a time when businesses that make and sell consumer goods usually nail down their holiday orders and prices. But President Donald Trump’s vacillating trade policies, part of his effort to revive the […]

Mortgage rates climb again, hitting 6.75%

Mortgage rates climb again, hitting 6.75%

The average rate on a 30-year U.S. mortgage rose for the second week in a row, another setback for the U.S. housing market, which is mired in a sales slump as affordability constraints shut out prospective homebuyers. The long-term rate ticked up to 6.75% from 6.72% last week, mortgage buyer Freddie Mac said Thursday. A year ago, […]

Trump signs GENIUS Act, setting stablecoin regulations

Trump signs GENIUS Act, setting stablecoin regulations

WASHINGTON (AP) — President Donald Trump on Friday signed into law new regulations for a type of cryptocurrency, a major milestone for an industry that has spent heavily to strengthen its legitimacy and political might. The GENIUS Act sets initial guardrails and consumer protections for stablecoins, which are tied to assets like the U.S. dollar to reduce […]

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Opinion

I voted for Trump. His tariff exclusions don’t reflect conservative strength

Getting full value out of college from day one

Ocean freight outlook 2025: tariffs, crisis fuel chaos

Elon Musk’s memo exposes a trust crisis in leadership

Trump’s tariffs echo Hoover-era economic missteps

Our View: Trump charts chaotic course in trade wars

Constructing change

Why let Big Tech destroy our climate?

Gregory Washington took office as the eighth president of George Mason University on July 1. Photo by Lathan Goumas

George Mason President Gregory Washington deserves to stay

George Mason faculty say President Gregory Washington has led the university to new heights and warn against politically motivated efforts to oust him.

Our name is United S., and we’re addicted to undocumented labor

Our name is United S., and we’re addicted to undocumented labor

Amid all the recent protests, debates and debacles regarding illegal immigration and the second Trump administration’s heavy-handed response to it, one truth seems to be getting lost: America is reliant on undocumented workers. In its October 2024 study, “Mass Deportation: Devastating Costs to America, Its Budget and Economy,” the left-leaning American Immigration Council found that […]

Virginia Republican candidate for lieutenant governor John Reid posted a video April 25, 2025, saying that he would stay in the race despite Gov. Glenn Youngkin's demand that he resign from the ticket.

OurView: Nothing new under the sun in Virginia politics

In late April, GOP lieutenant governor candidate John Reid posted a highly atypical campaign video on X. His political enemies within the party, Reid alleged, were staging a “coordinated character assassination attempt to force [him as] the first openly gay candidate off the Republican statewide ticket.” Gov. Glenn Youngkin, Reid said, had asked him to […]

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Bad managers drive away talent

When you manage people, you don’t just oversee productivity — you hold careers, livelihoods and psychological well-being in your hands. The data doesn’t lie, and neither do the millions who’ve weighed in on what constitutes leadership worth following. Fact: 69% of U.S. workers would rather clean toilets at a bus station than report to a […]

In this photo provided by the U.S. Navy, Hospital Corpsman 1st Class Garion Pequeno reunites with his family after departing the USS Cole on Monday, Dec. 23, 2024, at Naval station Norfolk after a deployment. (Mass Communication Specialist Seaman Mark Peña/U.S. Navy via AP)

Let us honor Virginia’s military through educational opportunities

Today, we write to call on our leaders to continue investing in pathways that serve military families, keep them in Virginia, and strengthen Virginia’s economic future. The Virginia Military Survivors and Dependents Education Program — or VMSDEP — provides in-state tuition waivers to the spouses and children of service members who were disabled or killed in the line of duty.

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