Here are some of the stories we’ve been following this week.

  • A beachfront home in Redondo Beach, California, recently sold for more than $22 million. It is the highest sale price in the South Bay area, according to real estate records.
  • The United States Immigration Fund (USIF) is recommending that foreign investors interested in the EB-5 Immigrant Investor Program should apply soon because the program could be changing its requirements.
  • The Environmental Protection Agency’s proposed changes on coal ash regulations would give states and utilities more options in disposing of the ash.
  • In Canada, a lack of oil pipelines is causing a bottleneck that has provinces missing out on hundreds of millions of dollars in royalties.
  • Minnesota’s new $15 an hour minimum wage passed a critical test when a judge ruled that the ordinance was valid.
  • Residents in Lucas County, Ohio, are concerned property values will go down if a jail is built on a nearby site. However, studies have shown that jails do not negatively impact property values.
  • A biotech startupRubius Therapeutics, that wants to use a person’s red blood cells to fight illnesses recently raised $100 million. In just nine months, it has raised $220 million.
  • The newest mega-dairy in Oregon could soon be closed. State officials want to shut down the facility because it has failed several inspections and could contaminate the area’s drinking water.
  • Lawmakers in Illinois are working on legislation that would either require hydraulic fracking companies to provide more information about the practice or ban fracking operations in the Illinois Basin outright.