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California voters fail to pass proposed one-time tax on billionaires’ wealth

Campaign over Prop 40, as measure was known, was most expensive in state history, flush with Silicon Valley dollars California billionaires won a contentious ballot measure campaign, defeating a proposed one-time tax on their wealth. The bruising campaign over Proposition 40 was the most expensive in state history and witness to back-and-forth dealing from tech billionaires and democratic leaders, including Gavin Newsom, the governor, who steadfastly opposed the measure. While supporters of Prop 40 cast it as a solution to drastic healthcare cuts from Trump’s One Big Beautiful Bill Act, opponents led by prosperous billionaires mounted an influential campaign saying the billionaire tax was instead “an everyone tax”. Continue reading...

The Guardian · 16h ago
Silicon Valley and Trump rally behind Nvidia CEO after his affair with alleged Chinese spy

Elon Musk and other finance moguls defend Jensen Huang after he admitted to the affair in an email to employees Donald Trump, Elon Musk and prominent finance moguls have expressed their support for embattled Nvidia CEO Jensen Huang, as the head of the world’s most valuable chip company faces an internal investigation over a romantic relationship with an alleged Chinese spy. “I have not ​spoken to him about it,” Trump told reporters on Sunday. “I just know he’s a fine person, but you never know what is going on. I’m sure, I hope everything’s fine. He’s done such an incredible job”. Continue reading...

The Guardian · Nov 9
Lawyers descend on Mississippi as vote counting continues in razor-thin Senate race

Democratic and Republican lawyers and groups trade sharp legal letters about procedures for counting ballots in tight race Democrat Scott Colom is on the verge of winning a Senate seat in Mississippi in a stunning upset, but ballots are still being counted in a close race where Colom holds a lead of just under 2,000 votes over Republican incumbent Cindy Hyde-Smith. Losing ruby-red Mississippi would be the final straw for Republicans after a midterm sweep by Democrats that turned Texas and South Carolina blue. A possible legal fight is also brewing, as both sides trade sharp legal letters about the procedures for counting remaining ballots. National voting groups and attorneys have descended upon the magnolia state, joining the local groups that worked to mobilize voters. Democratic and Republican groups, including Democratic Senatorial Campaign Committee (DSCC) and Democratic election attorneys from the Elias Law Group, have deployed hundreds of volunteers and lawyers to all the state’s 82 counties to oversee the final rounds of counting. Continue reading...

The Guardian · Nov 6
Tech barons cozied up to Trump. What will they do in newly blue America?

Democrats’ success was helped by popular anger over tech, AI and the super rich – life for billionaires could become much more difficult The photo of Silicon Valley centi-billionaires at Donald Trump’s inauguration – Musk, Bezos, and Zuckerberg, front row and side by side – now looks like a hitlist for a blue Congress hellbent on making life difficult for billionaires. The picture symbolized at the time the bending of the knee by the richest men in the world to its most powerful, a symbiosis of the ultra-rich. Already unfathomably wealthy, Silicon Valley tycoons believed a Maga-sized public shift to the right would enrich them even more. It did. For several years, while Trump seemed an everlasting kingmaker and AI’s expansion seemed unstoppable, their fortunes ballooned to values beyond comprehension. Elon Musk’s surpassed $1tn. Continue reading...

The Guardian · Nov 5
US midterm elections 2026 live: Democrats eye historic upset in Mississippi Senate race as Republican blame game begins

Democrat Scott Colom is leading Republican incumbent Cindy Hyde-Smith in the southern state; JD Vance pointed to the war in Iran as the ‘obvious’ culprit for Republicans’ loss Live results | How do you feel about the results? Sign up for Breaking News US email Welcome to our continuing coverage of the 2026 midterms where almost 24 hours after Democrats secured their historic sweep of the US Congress, two Senate seats remain in play. Counting in Alaska is expected to continue into Thursday, while in deep red Mississippi , Democrats could be close to pulling off another almighty upset. Currently, Democrat Scott Colom is leading his Republican incumbent Cindy Hyde-Smith by just 1,138 votes with almost 96% of the vote counted. Donald Trump claimed Republicans fared poorly because he was not on the ballot – after repeatedly urging voters to pretend he was on the ballot. JD Vance pointed to Trump’s ongoing war in Iran as the “obvious” culprit for the loss. Pete Hegseth’ s role leading the unpopular war could lead to him taking the fall – despite Trump publicly backing him. Republicans including Trump foe Thomas Massie have criticized the defense secretary. Ron DeSantis , Florida’s governor, said the “close to an extinction-level event for Republicans” was caused in part by his party failing to target their ad spending on issues that would motivate voters. Continue reading...

The Guardian · Nov 5
California progressive Randy Villegas wins redrawn House seat for Democrats

Community college professor unseats incumbent Republican David Valdao in seat redrawn under Prop 50 Democrat Randy Villegas, a community college professor with major progressive endorsements, has won the race for California’s 22nd congressional district. He unseats the six-term, incumbent Republican congressman, David Valadao, in a district that was considered the only true toss-up across the state of California after being redrawn under Proposition 50. Valadao and Villegas are both Central Valley natives from immigrant families with working class or agricultural ties, roots that reflect many of the constituents in California’s 22nd district, which stretches from Bakersfield to just west of Fresno. Continue reading...

The Guardian · Nov 4