California Newsom

California Gov. Gavin Newsom has signed laws aimed at protecting workers from the risks of artificial intelligence. He also blasted President Donald Trump on Wednesday for not passing comprehensive AI regulations at a time when the industry's leaders are warning about the risks of the technology. He weighed in on other topics, including his deliberations on whether to run for president and a billionaire tax proposal that is on the November ballot. It comes on Newsom's final day to sign or veto bills before he terms out in January.

A first-in-the-nation proposal in California to tax billionaires could test voters' appetite for levying a wealth tax on the ultra-rich. Vermont Sen. Bernie Sanders is headlining events to urge Californians to pass the measure. But it faces significant political headwinds. Billionaires are spending millions to fight the tax. And Democratic Gov. Gavin Newsom and other major players in the state capital are warning that it could have unintended consequences. They are worried that wealthy residents are leaving the state and taking what they would have contributed in income tax revenue with them.