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Google co-founder Sergey Brin has now spent $100 million to fight California’s proposed billionaire tax—he could owe $13 billion if he loses | Fortune 0
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- August 11, 2026
Google co-founder Sergey Brin has now spent more than nine figures combating California’s proposed wealth tax. According to a filing from Friday, Brin donated an additional $20 million to Building a Better California, a PAC and political advocacy organization opposing the state’s billionaire tax and supporting other pro-business policies and housing and infrastructure affordability. He
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Interest on national debt now costs Treasury $3 billion a day, finds the CBO—after U.S. spends $10 billion propping up the currency of its top lender | Fortune 0
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- August 11, 2026
The government’s near-$40 trillion national debt is now costing the Treasury more than $3 billion a day in service payments, according to a new report from the Congressional Budget Office (CBO). In its August budget update, the CBO reported that net interest on public debt totaled $963 billion between October 2025 (when the fiscal year
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LISTEN: Summer Box Office Will Surpass the $4 Billion Benchmark 0
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- August 11, 2026
On today’s episode, in our Box Office segment, Variety’s Rebecca Rubin reports that the good news keeps on coming for the movie biz as “Spider Man: Brand New Day” soars in weekend two and “The Odyssey” becomes Christopher Nolan’s highest-grossing film. Most important, the summer tally to date has already hit the $4 billion benchmark
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Trump’s $200 billion tariff hit swells budget deficit to $2.1 trillion for 2026, CBO confirms | Fortune 0
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- August 11, 2026
The federal government’s tariff windfall is evaporating faster than expected, and the Congressional Budget Office says it’s blowing a $200 billion hole in this year’s budget. CBO now projects the fiscal 2026 deficit will hit $2.1 trillion, according to the nonpartisan scorekeeper’s Monthly Budget Review released Monday—up from the $1.9 trillion the agency forecast in
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OpenAI reportedly completed a $7 billion employee tender offer | TechCrunch 0
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- August 11, 2026
OpenAI has bought back $7 billion worth of shares from employees at the privately held frontier AI lab as part of an effort to provide liquidity to its workforce. The deal, reported by Bloomberg, valued OpenAI at $852 billion, the same as its most recent fundraising round in March, which added $122 billion to the
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Everything’s bigger in Texas: Musk’s planned $16.8 billion chip factory is five times bigger than the world’s current largest building | Fortune 0
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- August 11, 2026
Elon Musk is betting that the next phase of his sprawling technology empire will require a building on a scale that has never existed before. SpaceX and Tesla are building Terafab, a 100-million-square-foot semiconductor manufacturing facility in Grimes County, Texas, more than five times the size of the world’s largest building. “Terafab Texas will be the
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