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Newsom Sues Over Tariffs, Meta Faces Breakup, and AI Chip Export Controls Trigger Tech Stock Sell-Off
Governor Gavin Newsom has filed a lawsuit challenging the scope of President Trump’s authority to impose tariffs, citing potential economic impacts on California’s trade partnerships. Meta is in the midst of a high-profile federal trial that could lead to the divestiture of Instagram and WhatsApp. Tech stocks fell sharply after Nvidia projected a $5.5 billion loss due to new U.S. export controls on AI chips. And in San Luis Obispo, a man who had been living on the streets won $1 million from a California Lottery scratcher.
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By L.A. Times Studios
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Governor Gavin Newsom has filed a lawsuit challenging the scope of President Trump’s authority to impose tariffs, citing potential economic impacts on California’s trade partnerships. Meta is in the midst of a high-profile federal trial that could lead to the divestiture of Instagram and WhatsApp. Tech stocks fell sharply after Nvidia projected a $5.5 billion loss due to new U.S. export controls on AI chips. And in San Luis Obispo, a man who had been living on the streets won $1 million from a California Lottery scratcher.
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