A11 B USINESS THE BULLETIN • THURSDAY, JUNE 24, 2021 q DOW 33,874.24 -71.34 p bendbulletin.com/business NASDAQ 14,271.73 +18.46 q S&P 500 4,241.84 -4.60 p 30-YR T-BOND 2.11% +.01 p CRUDE OIL $73.08 +.23 p GOLD $1,782.30 +6.00 p SILVER $26.11 +.26 q EURO $1.1929 -.0007 BRIEFING Owner of topless bar arrested The manager and owner of a bar north of Roseburg in Drain with topless dancing are facing misdemeanor charges after deputies say they violated liquor reg- ulations. Top of the Bowl had been serving alcohol without a liquor license from the Oregon Liquor Control Commission, the Douglas County Sheriff’s Office said in a news re- lease on Monday. The license was sur- rendered in March after COVID-19 violations and a suspension. Manager Rik Marin and owner and bartender Jamie Hennricks were arrested early Saturday and told deputies alcohol was being served for tips and donations, but with a suggested amount, according to the news release. Marin and Hennricks face charges of mixing, storing or serving li- quor without a license. It wasn’t immediately known if they have law- yers to comment. Intel’s new CEO restructures New Intel CEO Pat Gelsinger moved Tues- day to put his mark on the company, parting with the head of its vi- tal data center business, promoting other execu- tives and adding a chief technology officer from outside the organization. Gelsinger split Intel’s data group in two, dividing the data center business from its networking products. Intel Vice President San- dra Rivera will take over the data operations while Nick McKeown, who joined Intel two years ago through an acquisition, while take over the net- work platforms business. Intel also announced two new business units, a software group and one for high-performance computing. Additionally Tuesday, Intel hired VMware exec- utive Greg Lavender and named him chief technol- ogy officer. Gelsinger ran VMware before becom- ing Intel’s CEO last winter, and earlier in his career Gelsinger was the first In- tel executive to hold the CTO title. New home sales drop 5.9% Sales of new homes fell unexpectedly in May, and the 5.9% retreat was the second consecutive monthly decline even as the median price hit an all-time high. The May sales decline pushed sales to a sea- sonally adjusted annual rate of 769,000, the Com- merce Department re- ported Wednesday. That followed a 7.8% sales de- cline in April, a figure that was revised lower from what was initially thought to be a drop of only 5.9%. The median price of a new home sold in May jumped to $374,400, up 18.1% from a year ago when the median price stood at $317,100. A shortage of homes on the market and rising costs for materials like lumber, and also labor, is fueling the upward mo- mentum. The surge in lumber prices has started to un- wind. That could help slow surging housing costs, but the shortage of homes to buy is still cre- ating a very high bar for potential buyers. — Bulletin wire reports POWER STRUGGLE Competition between agriculture and solar energy facilities is heating up About 600 acres of the project are irrigated and half the associated water rights can’t be transferred elsewhere due to a lack of available farmland, meaning that capacity could be lost forever, said Dave No- ble, a local farmer. “That is some top-notch farm ground for this area,” he said. BY MATEUSZ PERKOWSKI Capital Press B ONANZA — Nobody is against solar energy — at least, not in theory. Solar power is often cast in a positive light until a specific site is chosen for a facility. At that point, the proposed de- velopment can seem like a dark force to neighbors who fear the un- sightly transformation of their fa- miliar landscape. “What’s it going to do to my property values when I’m right next to it?” asked Greg Thomas, whose farm abuts a proposed 2,733-acre solar project near Bo- nanza in Klamath County. “All our property values are going to go in the toilet. Nobody wants to live next to a power plant,” answered Tonya Pinckney, another neighbor opposed to the facility planned by developer Hecate Energy. Local hostility Local hostility to solar facilities isn’t just a knee-jerk “not in my backyard” sentiment in Oregon, a Photos by Mateusz Perkowski/Capital Press Alyssa Andrew, an Oregon State University graduate student, visits with sheep resting beneath solar panels at a campus facility in Corvallis. state known for its rigorous protec- tions against converting farmland to other uses. Opponents of solar facilities are often strongly motivated by con- cern for the agricultural economy, which can permanently suffer if ir- rigated acres such as those within the Bonanza project are developed. “Why do we have zoning laws?” Pinckney asked. “If it’s zoned for ag, how can they just take it out?” Competing goals Aside from preserving agricul- ture, Oregon strives to be a leader in promoting renewable energy to reduce carbon emissions and fight climate change. Those two objectives are bound to clash as solar energy production takes off in the state, propelled by economic forces as the technology becomes less expensive to manu- facture and install. While it’s long been boosted by tax credits, renewable portfolio mandates and other government incentives, the solar power industry has now found its financial footing and is expanding due to demand from utility companies, experts say. See Energy / A12 Dave Noble, left, and Greg Thomas look out onto a neigh- boring field where a 2,700-acre solar facility is proposed near Bonanza in Klamath County. Neighbors oppose the project because it will take irri- gated farmland out of production. House panel targets Big Tech’s power Federal jury awards $2.4M to fired sales manager BY MARCY GORDON Associated Press WASHINGTON — A House panel pushed ahead Wednesday with am- bitious legislation that could curb the market power of tech giants Face- book, Google, Amazon and Apple and force them to sever their domi- nant platforms from their other lines of business. Conservative Republican lawmak- ers haggled over legislative language and pushed concerns of perceived anti-conservative bias in online plat- forms but couldn’t halt the bipartisan momentum behind the package. The drafting session and votes by the House Judiciary Committee are initial steps in what promises to be a strenuous slog through Congress. Many Republican lawmakers de- nounce the market dominance of Big Tech but don’t support a wholesale re- vamp of the antitrust laws. The Democratic-majority commit- tee made quick work of arguably the least controversial bills in the package, which were approved over Republi- can objections. A measure that would increase the budget of the Federal Trade Commission drew Republican conservatives’ ire as an avenue toward amplified power for the agency. See Big Tech / A12 Former AstraZeneca employee alleged retaliation Bing Guan/Bloomberg Customers are seated at a table at a restaurant in San Diego in April. “We are going to be paying higher prices in restaurants,” said David Henkes, senior principal at industry researcher Technomic. “Part of the calculus right now is there’s proba- bly some appetite of consumers to pay whatever because they haven’t been out for a while.” Across the nation, prices for food away from home rose 4% in May from a year earlier, the biggest jump since May 2009. It’s one example of a surge in overall inflation that’s left policy makers at the Federal Re- serve debating how long the cost pressures will last as the economy bounces back from the pandemic. A federal jury in Portland on Tues- day awarded $2.4 million in damages to a woman who said she was fired from AstraZeneca Pharmaceuticals for complaining about alleged mis- leading marketing tactics. Suzanne Ivie had worked at As- traZeneca Pharmaceuticals for 19 years, most recently in Salt Lake City as an executive district sales manager within its respiratory products divi- sion. Her district covered Eastern Or- egon, Idaho and Utah. She was fired on June 6, 2019, from her job, where she made $223,000 per year. AstraZeneca is a global, biophar- maceutical business headquartered in Cambridge, England, and is one of the manufacturers of a COVID-19 vaccine. The jury awarded damages after finding the company violated the Or- egon whistleblower protection law, finding Ivie was fired after she made a “good faith report” of alleged com- pany misconduct. See Restaurants / A12 See AstraZeneca / A12 Restaurants boost menu prices to recoup costs BY OLIVIA ROCKEMAN,LESLIE PATTON AND MICHAEL SASSO Bloomberg U.S. restaurants, faced with higher food and labor costs, are raising menu prices at a much faster pace than historical rates, insistent on preserving profits after an arduous year. From local restaurants to national chains like Chipotle Mexican Grill Inc., owners have boosted prices by as much as 5% in the past few weeks alone. Even at fast-food companies that were locked in price wars just a couple of years ago to win over cost-conscious consumers, increases aren’t taboo anymore. BY MAXINE BERNSTEIN The Oregonian