Lucille Sherman

1 week ago | axios.com | Lucille Sherman

Illustration: Brendan Lynch/AxiosNorth Carolina House Rules Chairman Rep. John Bell, who is also the president of a hemp manufacturing and distribution company, has been the point person in his chamber on several proposed bills making their way through the legislature that could impact his company. He also has the power to determine their fate.

1 week ago | axios.com | Lucille Sherman |Zachery Eanes

Photo: Nicholas Faulkner/Icon Sportswire via Getty ImagesTeamworks, a Durham-based startup making software for professional and college sports teams, is now valued at $1 billion after raising new money from investors. Why it matters: The valuation would put Teamworks into the Triangle's small club of unicorn startups (startups with valuations of $1 billion or more) and comes at a time when funding rounds have been less plentiful than in recent years.

1 week ago | axios.com | Lucille Sherman

Illustration: Maura Losch/AxiosBipartisan support for restricting hemp in North Carolina is gaining steam, with GOP lawmakers unveiling yet another proposal Tuesday that would regulate intoxicating weed-like products in the state. Why it matters: The new legislation, backed by the state's most powerful Republican, is one of several bills proposed in recent months that would crack down on psychoactive hemp products in North Carolina.

1 week ago | axios.com | Zachery Eanes |Lucille Sherman

Students on campus at N.C. State University. Photo: Logan Cyrus/Bloomberg via Getty ImagesUNC System President Peter Hans has called for the state's 16 public universities to cap their hiring and spending. Why it matters: The spending cap, which Hans described last week to campus leaders in a memo obtained by Axios, comes as higher education faces funding uncertainties at both the federal and state levels.

1 week ago | axios.com | Zachery Eanes |Lucille Sherman

Steam rises from the cooling tower of Shearon Harris nuclear plant in New Hill, N.C.. Photo: Jim R. Bounds/Bloomberg via Getty ImagesA major energy bill being debated by the Republican-led General Assembly could soon make its way to the desk of North Carolina Gov. Josh Stein. Why it matters: Senate Bill 266, if passed, would eliminate an interim goal that mandates Duke Energy reach a 70% reduction in carbon emissions by 2030, while keeping in place a longer-term goal of being carbon neutral in 2050.