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➤ Paramount advisers are urging CEO David Ellison to consider moving the studio’s headquarters and up to $30 billion in planned spending out of California after Attorney General Rob Bonta and 11 other state attorneys general sued to block its proposed $111 billion acquisition of Warner Bros. Discovery. Paramount says it will defend the deal. (More)
➤ Hundreds of economists, computer scientists, and tech executives, including some from Anthropic, Google, and OpenAI, signed an open letter organized by Stanford’s digital economy lab warning that AI could transform the economy more rapidly than the Industrial Revolution and urging institutions to act now on job-displacement risks. (More)
➤ The Langham Huntington Pasadena’s owner will pay $320,000 and refund eligible guests to settle a lawsuit alleging it raised room rates by more than 10% during the January 2025 Eaton and Palisades wildfires, officials said. Refunds total about $216,795. (More)
➤ Bosch has begun sample production of silicon carbide chips at its Roseville plant with $225 million in federal CHIPS Act funding. The company plans to invest up to $2 billion, with commercial production slated to begin later this year. (More)
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