California's Proposition 40 would impose a one-time wealth tax of up to five percent on billionaires, but the policy raises fundamental questions about how to value privately-held companies like In-N-Out Burger. The article argues that wealth taxes could force owners of private companies to sell shares to pay tax liabilities on assets that have no market price, potentially disrupting family businesses and their operations.
Nissan is increasing U.S. production capacity by adding a third shift at its Tennessee and Mississippi plants to support the 2027 Rogue hybrid launch, aiming to boost annual domestic output to roughly 1 million units by 2030. The new e-Power series hybrid technology, launching this spring with gas imports followed by domestic manufacturing next year, is positioned as a competitive alternative to Toyota RAV4 and Honda CR-V hybrids in the small crossover segment.
Angela Lipps, a 50-year-old Tennessee grandmother, was arrested in July 2025 based on an AI facial recognition match and detained for six months on bank theft charges in North Dakota before being released when evidence proved she was in Tennessee during the crimes. She is now suing for $10 million against the city of Fargo and detective Lucas Heck, alleging police improperly relied solely on facial recognition technology without adequate investigation or training protocols.
Paramount CEO David Ellison is threatening to relocate the company's headquarters from California to Georgia, Tennessee, or Texas over a state-led antitrust lawsuit blocking its proposed $110 billion merger with Warner Bros Discovery. California Attorney General Rob Bonta and other officials have accused Paramount of blackmail, while LA Mayor Karen Bass emphasized protecting entertainment industry jobs. The merger faces a trial date of March 2, with settlement discussions expected next month.