After leading congressional Democrats for over 20 years, House Speaker Nancy Pelosi announced she won’t be seeking a leadership role in the next Congress. Her decision to step down is expected to pave the way for a new generation of leaders to fill the caucus’s top ranks.

Congresswoman Karen Bass is the next mayor of Los Angeles, after beating out billionaire Rick Caruso. She will become L.A.’s first woman mayor, and the second Black mayor in the city’s 241-year history.

And in headlines: workers at over 100 Starbucks locations nationwide went on strike, Ticketmaster canceled the general ticket sale for Taylor Swift’s upcoming tour, and the executive who oversaw Enron’s bankruptcy called FTX’s collapse “unprecedented.”

Show Notes:

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