AGP Executive Report
Last update: 10 hours agoFilm & Entertainment: Gov. Josh Stein and Commerce Sec. Lee Lilley toured Cinespace Studios in Wilmington and pushed for stability in North Carolina’s film incentive program, citing the industry’s job and investment impact. PFAS Accountability: North Carolina and 11 local governments reached a nearly $500M settlement with DuPont and spin-offs Chemours and Corteva over Fayetteville Works contamination, including $455M over 15 years and a state Emerging Contaminant Mitigation Fund. Housing Costs & Antitrust: The Justice Department filed a proposed consent decree against Pinnacle Property Management over claims tied to algorithmic coordination and competitor data use, building on earlier actions against major landlords. Banking Shake-Up: Truist, based in Charlotte, is exiting near-prime auto lending and plans to sell $5.5B of auto loans as its new CEO reshapes strategy. Energy & Industry: SPX Technologies completed its $410M acquisition of FIS Water, expanding cooling and water-management offerings used in data centers and other industrial settings. Local Economy: Dennis Edwards announced his retirement as president/CEO of the Greater Raleigh CVB, after years of growth in tourism and tax revenues. Agriculture & Jobs: Montauk Renewables opened its Turkey, NC facility in Sampson County, touting a $200M investment and long-term agreements with hog producers.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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