Daily Report PM

Trump’s planned $100,000 H-1B visa fee has employers on edge

Employers are bracing for major disruptions as the Trump administration moves to impose a $100,000 fee on high-skilled H-1B visa approvals, The Washington Post...

The number of EV chargers is surging even as demand for cars softens

America’s EV charging network is expanding just as the market for electric cars faces turbulence, The Wall Street Journal writes.  After a two-year construction spree,...

Roundup: ImaginEBR campaign / Help for veterans / The ultra-wealthy 

Photo contest: The city-parish and Arts Council of Greater Baton Rouge have launched ImaginEBR, a photo campaign inviting East Baton Rouge residents to submit...

Report highlights link between education credentials and wages in Louisiana 

The Blanco Public Policy Center at UL Lafayette has released its 150-page report on the relationship between education credentials and employment outcomes, underscoring how...

Mortgage rates are edging higher after weeks of declines

The average rate on a 30-year U.S. mortgage ticked up for the second straight week following a string of declines that had brought down...

How Trump is using leverage to sway companies into making deals

The Trump administration is pursuing deals across up to 30 industries, involving dozens of companies deemed critical to national or economic security, Reuters reports.  In...

Soot and skepticism linger in Tangipahoa weeks after Smitty’s Supply explosion

Six weeks after the explosion at Smitty’s Supply in Tangipahoa Parish, residents say oily soot still coats homes, pets are sick and waterways remain...

Occidental ends an era of big deals with $9.7B divestiture of its chemical unit 

Occidental Petroleum has wrapped up its asset-sale program with a $9.7 billion divestiture of its chemical unit to Berkshire Hathaway, Bloomberg reports.  CEO Vicki Hollub...

Burbank apartment complex becomes the latest student housing property to sell

Wildwood Baton Rouge, a 204-unit, off-campus student apartment complex just south of LSU, has been sold. AGP Wildwood Owner LLC, a New York-based investor group...

Roundup: Peloton / Zillow and Redfin sued / Job losses

Planning a comeback: Peloton is relaunching its product assortment, introducing a commercial equipment line and raising prices for both subscriptions and hardware as the...

Why seven students were arrested at the LSU presidential search meeting

Seven LSU students were arrested during a presidential search committee meeting Wednesday after exceeding their allotted time for public comment, Louisiana Illuminator writes.  Gabriella Juarez,...

Sides close to finalizing deal involving LNG supply at Lake Charles terminal

Energy Transfer LP is nearing an agreement to sell liquefied natural gas from its planned Lake Charles export terminal to MidOcean Energy, Bloomberg writes.  The...

Don Harkey: Businesses face a ‘perfect storm’ in the workforce

Employers in the U.S. are facing a “perfect storm” of workforce challenges—one driven by low employee engagement, demographic shifts and looming retirements. That’s according to...

Office property near South Sherwood Forest sells for $2.6M

The Progressive Insurance claims office property on American Way, near South Sherwood Forest Boulevard, has been sold. Florida-based CenRock American LLC purchased the property from...

Roundup: Business counseling / US job openings / Zillow

Local help: The Downtown Development District and the Small Business Development Center at LSU will offer no-cost, one-on-one consulting services for existing and prospective...

ExxonMobil to cut 2,000 jobs in global restructuring push

ExxonMobil will eliminate 2,000 jobs worldwide, or about 3% of its workforce, in its latest move to streamline operations and reduce costs as oil...

How the carbon credit market is staging a quiet comeback

Once derided as a symbol of corporate greenwashing, the carbon credit market is showing signs of revival, Bloomberg writes.  MSCI data shows companies used more...

Why US sales of new vehicles are exceeding expectations

U.S. new car sales are outperforming expectations despite economic uncertainty, boosted by consumer fears of higher prices from tariffs and the phaseout of federal...

Home repair costs are outpacing inflation

If it seems like it's getting more expensive to replace a broken door, kitchen fixtures or upgrade a major appliance, you’re not wrong. The cost...

St. Francisville is expanding the boundaries of its cultural district

The St. Francisville Cultural District is growing. On Oct. 1, the district’s boundaries will expand along Commerce Street and Burnett Road to include a number...