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- Protective Life to Acquire P/C Specialty Insurance Carrier Obsidian
In a rare crossing of insurance lines, Alabama-based Protective Life Insurance Co. is moving to expand into property/casualty lines by acquiring Obsidian Insurance Holdings, Inc., a New York-based property, casualty and specialty insurance platform. The companies say the acquisition will … [TheTopNews] Read More.16 hours ago - Trump Administration Pushes Forward With Tariffs Based on Forced Labor Laws
Nonprofit groups have applauded an investigation on trade in goods made with forced labor but say that the Trump administration should go further to enforce its own laws [TheTopNews] Read More.17 hours ago - World Cup Presents Major Opportunity for Radio
A new report from Nielsen highlights the 2026 FIFA World Cup as a significant opportunity for radio and audio platforms, as U.S. soccer fans increasingly turn to those channels for sports content and engagement. According to the report, soccer interest in the U.S. continues to [TheTopNews] Read More.17 hours ago - F.D.A. Grants Early Access to Promising Drug for Pancreatic CancerPatients with one of the deadliest cancers have been pleading for an unapproved treatment that may prolong their lives. [TheTopNews] Read More.17 hours ago
- Sergey Brin confronted Gavin Newsom at treehouse party before ditching Californi...
An exclusive holiday gathering just north of San Francisco reportedly turned into a stomach-churning fiscal nightmare for California Gov. Gavin Newsom.Back in December, Newsom and Google co-founder Sergey Brin attended the same "treehouse party" hosted by crypto investor Chris Larsen. It was there, according to a Bloomberg report, that Brin broke the news that he would be leaving the state in response to a proposed wealth tax.According to the report, it was a tense, private confrontation so jarring that Newsom reportedly complained about a "lingering cold" he attributed to the interaction for months afterward.Brin allegedly explicitly cited the Billionaire Tax Act, a 5% one-time excise tax on individuals with a net worth exceeding $1 billion, hitting his nearly $289 billion net worth hard.CALIFORNIANS FLEE HIGH COSTS — AND MANY COME OUT AHEAD FINANCIALLY, STUDY FINDSJust this week, the Service Employees International Union–United Healthcare Workers West (SEIU-UHW) said it has collected more than 1.55 million signatures, according to a press release, nearly double the 875,000-signature requirement, to put the one-time tax on billionaire assets on the California ballot this November.If the measure is approved by voters, anyone who was a California resident on Jan. 1, 2026, would owe the tax, according to the proposal.Brin effectively shielded his wealth from the retroactive reach of the proposed tax by buying properties in Nevada and Florida. He has also committed at least $45 million to a group called "Building A Better California" to fight the initiative, with his total spending to kill the tax already reaching $58 million this year."I fled socialism with my family in 1979 and know the devastating, oppressive society it created in the Soviet Union. I don't want California to end up in the same place," Brin told The New York Times this week regarding a story by the outlet that discussed his move.Newsom has publicly opposed the billionaire tax, warning the measure would damage the economy and drive away investment. Since January, it’s estimated that more than $1 trillion in capital has left California.GET FOX BUSINESS ON THE GO BY CLICKING HERE"This is my fear," Newsom previously said in a Politico interview. "It’s just what I warned against. It’s happening.""The evidence is in. The impacts are very real — not just substantive economic impacts in terms of the revenue, but start-ups, the indirect impacts of … people questioning long-term commitments, medium-term commitments," he continued. "That’s not what we need right… [TheTopNews] Read More.17 hours ago - Zimmer Urges FCC to Drop Radio Ownership CapsZimmer Radio of Mid-Missouri is calling on the Federal Communications Commission (FCC) to eliminate longstanding local radio ownership limits, arguing the rules are outdated and hinder broadcasters' ability to compete in today's media landscape. In a letter filed April 27 in MB Docket No. 22-459, company [TheTopNews] Read More.17 hours ago
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