Newsom Sues Over Tariffs, Meta Faces Breakup, and AI Chip Export Controls Trigger Tech Stock Sell-Off

Governor Gavin Newsom has filed a lawsuit challenging the scope of President Trump’s authority to impose tariffs, citing potential economic impacts on California’s trade partnerships. Meta is in the midst of a high-profile federal trial that could lead to the divestiture of Instagram and WhatsApp. Tech stocks fell sharply after Nvidia projected a $5.5 billion loss due to new U.S. export controls on AI chips. And in San Luis Obispo, a man who had been living on the streets won $1 million from a California Lottery scratcher.