Exclusive: Newsom proposes adding $18B—paid by ratepayers and utilities—to a wildfire fund designed to help PG&E, SoCal Edison, & SDGE avoid bankruptcy due to fire liabilities. Reporting w/ @mchediak.bsky.social www.bloomberg.com/news/article...

Inside Daniel Lurie’s charm offensive on the rich: Lunches with billionaires at a Michelin starred restaurant, standing ovations, and an affordable housing cut. W/@bizcarson (Read till the end for the mayor’s off-menu meal at Quince) www.bloomberg.com/news/feature...

News: Edison has 465 miles of idle power lines similar to those accused of starting the Eaton Fire. If the company is found liable for starting the blaze "the spark alone did not create the catastrophe," the CEO says. @mchediak.bsky.social @michellema.bsky.social www.bloomberg.com/news/article...

Subscribe to Bloomberg's new newsletter on California. You'll see a lot of my reporting and deep coverage of Hollywood and tech. This week's features the ascendant bloc of Central Valley farmers with Trump's ear on water. www.bloomberg.com/news/newslet...

Freshman congressman Vince Fong was among the group of Republicans shaping Trump’s water order. “There is a moment right now, a once-in-a-generation opportunity to move more water,” said Fong.

Trumps water order does little for fires — but it’s a win for a bloc of California’s GOP farmers & lawmakers with newfound influence. www.bloomberg.com/news/feature...

Thoughtful story that explores the tension between rebuilding safely and the core American desire to rebuild quickly. By Eli, @toddwoody.bsky.social @michellema.bsky.social and edited by @amandakhurley.bsky.social.

Pacific Palisades was home to a lot of Teslas. Lots of folks abandoned their vehicles as they rushed to evacuate. Now those batteries are complicating the area’s clean up efforts.

Burned out electric vehicle batteries have added to toxic hazards that are complicating LA's clean-up effort. One expert compared it to the Maui fire, but 10 times larger. In Maui, the EPA shipped more than 30 tons of lithium batteries. www.bloomberg.com/news/article...

LA homeowners want to rebuild fast and politicians are waiving green construction mandates that could slow them down. But future wildfires loom. www.bloomberg.com/news/feature...

NEWS: Trump's deportation efforts could see some support in SF. Biden has already sent scores of migrants in SF to deportation under “fast track” prosecutions. “They deport them,” said Mayor-elect Lurie. “And if they continue to do that, they have that right. bloomberg.com/news/article...

News from Newsom's office: CA has removed college degree requirements from nearly 30k jobs and plans to double that number in 2025.

First bluesky post (sky?) My intv with incoming Mayor-elect Daniel Lurie striking a measured tone on fighting the Trump admin. "We need to get our house in order here,” Lurie said. He is also open to tax breaks for corporations that help the arts & culture scene. www.bloomberg.com/news/article...