Proposed billionaires' tax in California rattles Silicon Valley

LOS ANGELES (AP) – A proposed billionaires’ tax in California has ignited a political uproar in Silicon Valley, with tech titans threatening to leave the state while Democratic Gov. Gavin Newsom maneuvers to defeat a levy that he fears will lead to an exodus of wealth.

Paramount's next target in hostile takeover bid of Warner Bros. is a board of its own making

NEW YORK (AP) – Paramount Skydance is taking another step in its hostile takeover bid of Warner Bros. Discovery, saying Monday that it will name its own slate of directors before the next shareholder meeting of the Hollywood studio.

Google's corporate parent joins $4 trillion club

Google parent Alphabet Inc. on Monday became the fourth Big Tech powerhouse to be valued at $4 trillion, a once seemingly unfathomable milestone that’s become more like a rite of passage amid an artificial intelligence arms race.

Editorials from New York Times, Wall Street Journal and Washington Post

Excerpts from recent editorials in the United States and abroad:

Allegiant Air to acquire Sun Country Airlines in $1.5B deal

LAS VEGAS (AP) – Allegiant Air said it will acquire Sun Country Airlines in a cash-and-stock deal valued at about $1.5 billion, including debt, in a move combining two low-cost U.S. carriers focused on leisure travel.

Stocks of credit card companies slump

NEW YORK (AP) – Stocks of credit card companies are dropping Monday after President Donald Trump threatened moves that could eat into their profits. The rest of Wall Street, meanwhile, is showing only modest signs of concern after tensions ramped to a much higher degree between the White House and the Federal Reserve.

Apple calls on Google to bring other AI features to the iPhone

Apple will rely on Google to help finish its efforts to smarten up its virtual assistant Siri and bring other artificial intelligence features to the iPhone as the trendsetting company plays catch up in technology’s latest craze.

Meta names former Trump adviser Dina Powell McCormick as president

NEW YORK (AP) – Facebook owner Meta has named Dina Powell McCormick, a former Trump administration adviser and longtime finance executive, as president and vice chairman. Powell McCormick previously served on Meta’s board of directors – where, the company notes, she was “deeply engaged” in accelerating its artificial intelligence push across platforms.

DOJ Investigation of Fed Chair Powell Sparks Backlash

WASHINGTON (AP) – The Trump administration’s criminal investigation of Federal Reserve Chair Jerome Powell appeared on Monday to be emboldening defenders of the U.S. central bank that President Donald Trump wants to bring under his sway. The backlash reflected the bigger stakes of a contest about the fate of the Fed’s independence.