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2025 Virginia Business Person of the Year: John Asbury | Atlantic Union Bank

Atlantic Union CEO John Asbury is Virginia Business’ 2025 Business Person of the Year, recognized for leading the bank’s growth.

U.Va. continues...

U.Va. continues presidential search, despite Spanberger’s call for pause

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Brown Edwards acquires Lynchburg-based accounting firm

Brown Edwards has acquired Lynchburg-based Shelton & Co., an accounting practice known for its construction industry expertise.

Industries

Heven AeroTech's flagship Z1 platform. Photo courtesy Heven AeroTech

Sterling drone startup joins unicorn ranks

Heven AeroTech, a Sterling-based developer of hydrogen-powered UAS, has reached unicorn status with a $100 million Series B funding raise.

Real Estate

David DeSantis is now CEO of TTR Sotheby’s International Realty. Photo courtesy TTR Sotheby's

TTR Sotheby’s reshapes executive team

TTR Sotheby’s International Realty names a new CEO and president and COO as longtime leader Mark Lowham becomes chairman.

Money

Options trader Joseph D'Arrigo works on the floor of the New York Stock Exchange, Tuesday, Dec. 2, 2025. (AP Photo/Richard Drew)

Wall Street holds steadier as bond yields and bitcoin stabilize

NEW YORK (AP) — The U.S. stock market held steady on Tuesday as both bond yields and bitcoin stabilized. The S&P 500 rose 0.2% following its first loss in six days. The Dow Jones Industrial Average added 185 points, or 0.4%, and the Nasdaq composite gained 0.6%. Boeing soared 10.1% and was one of the strongest forces lifting […]

Government

Sen. Mark Warner, D-Va., the top Democrat on the Senate Intelligence Committee, speaks about the Trump administration following reports that only Republican lawmakers received security briefings on the Trump-ordered military strikes against boats in the Caribbean, during a news conference at the Capitol in Washington, Thursday, Oct. 30, 2025. (AP Photo/J. Scott Applewhite, File)

Warner launches bid for Senate reelection

Democratic U.S. Sen. Mark Warner announced his bid for reelection on Tuesday, launching what will be a key campaign in a narrowly divided Senate.

People

Brad Pelachyk, the new chief global supply chain officer for BAE Systems.

BAE Systems promotes VP to chief global supply chain officer

BAE Systems announced that it has named Brad Pelachyk as its senior vice president and chief global supply chain officer, effective Dec. 20.

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BTM Business Connect

Unanet Achieves FedRAMP Ready Status

Unanet Introduces Champ AI™: The Natural‑Language Copilot for GovCon and AEC Firms

Unanet, the leader in AI-first ERP and growth software for project-based businesses, today announced Champ AI™, the natural-language copilot for GovCon and AEC firms. Built as a multi-agent intelligence platform, Champ AI™ helps organizations unify and access data across their systems, automate multi-step tasks, and receive role-aware guidance in the flow of work. A nod […]

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[...]

Women In Leadership

Details coming soon!

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

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Around The Nation

Why Cyber Monday could break spending records despite economic uncertainty

UK and US agree zero-tariff deal on pharmaceuticals

Bitcoin dips below $85,000 in cryptocurrency rout

Layoffs are piling up, raising worker anxiety. Here are some companies that have cut jobs recently

Fewer Americans sought unemployment benefits last week as job cuts stay low

Best Buy ups sales outlook heading into holiday shopping ramp-up

Consumer confidence slides as Americans grow wary of high costs and sluggish job gains

US retail sales rose slightly in September, adding to months of big gains

Costco Seeks Refunds as Trump Tariffs Face High Court

Costco Seeks Refunds as Trump Tariffs Face High Court

WASHINGTON (AP) — Costco is joining other companies that aren’t waiting to see whether the Supreme Court strikes down President Donald Trump’s most sweeping import taxes. They’re going to court to demand refunds on the tariffs they’ve paid. The specialized U.S. Court of International Trade in New York and the U.S. Court of Appeals for the Federal […]

Customers look at a Prada shop window, in Milan, Italy, Tuesday, Dec. 2, 2025. (AP Photo/Luca Bruno)

Minimalist Prada buys maximalist Versace for $1.4 billion, in bid to relaunch sexier Milan rival

MILAN (AP) — The Prada Group closed the purchase of Milan fashion rival Versace in a $1.375 billion cash deal that puts the fashion house known for its sexy silhouettes under the same roof as Prada’s “ugly chic” aesthetic and Miu Miu ’s youth-driven appeal. The highly anticipated deal is expected to relaunch Versace’s fortunes, after middling post-pandemic performance […]

FILE - Sam Altman, co-founder and CEO of OpenAI, testifies before a Senate committee hearing on Capitol Hill in Washington on May 8, 2025. (AP Photo/Jose Luis Magana, File)

OpenAI CEO Sam Altman declares ‘code red’ to improve ChatGPT amid rising competition

SAN FRANCISCO (AP) — OpenAI CEO Sam Altman has set off a “code red” alert to employees to improve its flagship product, ChatGPT, and delay other product developments, according to The Wall Street Journal. The newspaper reported that Altman sent an internal memo to staff Monday saying more work was needed to enhance the artificial intelligence […]

OECD lifts global, U.S. growth outlook for 2025

OECD lifts global, U.S. growth outlook for 2025

WASHINGTON (AP) — The world economy has proven surprisingly durable in the face of President Donald Trump’s trade wars, the Organization for Economic Cooperation and Development said Tuesday, upgrading its outlook for global and U.S. economic growth this year. The 38-country OECD now forecasts that the world economy will grow 3.2% this year, down a tick […]

FILE - This Dec. 20, 2010 file photo shows signage at a Starbucks store in New York. (AP Photo/Richard Drew, File)

Starbucks to pay $38.9M in NYC worker settlement

Starbucks will pay $38.9M to settle NYC claims it denied stable schedules and cut worker hours, affecting more than 15,000 employees.

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Opinion

Women execs have tougher climb to top rung

Don’t import 996: Why America should reject overwork culture

OurView: Will AI spell lights out for white-collar workers?

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

The Mailroom: America needs immigrants

Virginia’s universities at risk if checks and balances fail

Virginia’s chance to legalize marijuana right

The Mailroom: No excuses for illegal immigration

The People Paradox: Why ‘Soft’ Skills Deliver the Hardest Numbers

The December question every leader should anticipate

As the year winds down, our calendars fill with two things: out-of-office replies and existential dread. December has a funny way of putting a mirror in front of us. In the quiet between deadlines and family gatherings, a perennial set of questions shows up: What am I doing with my life? Do I still want […]

2022 Virginia 500: Moving up

2025: The year of living disruptively

Looking back on 2025, the best symbol of the past year’s upheaval might be the White House, if not its most famous occupant. Since moving back into 1600 Pennsylvania Ave. in January, our real estate mogul president has launched into a series of home renovations worthy of its own HGTV series. The most prominent changes […]

Jared Burden is a Co-Managing Partner of GreeneHurlocker. Photo courtesy Jared Burden

Local leaders shape solar’s future

With federal support shrinking, Virginia’s solar future depends on local boards, zoning decisions and early community engagement.

Beyond burnout: the case for workplaces where people thrive

Beyond burnout: the case for workplaces where people thrive

In my last column, I wrote about the lesson of 996 culture, an overwork philosophy that destroys value. Now, the next question is obvious: What actually creates it? The answer isn’t complicated, but it does require courage. Sustainable business success comes from workplaces where people feel valued, fulfilled and empowered. When employees feel their contributions […]

Back to school, back to buying? How fall affects Northern Virginia homebuyers

Back to school, back to buying? How fall affects Northern Virginia homebuyers

As the school year begins in Northern Virginia, many might assume the housing market cools as quickly as the morning air. While spring often grabs the spotlight as the busiest buying season, fall in our region has its own rhythm — shaped by shifting priorities, changing inventory, and unique economic forces. Spring and Summer 2025: […]

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