Apple sued OpenAI for trade secret theft, accusing the artificial intelligence startup and its hardware chief of engaging in a coordinated campaign to steal information about upcoming products. Joe Mathieu and Ed Ludlow report https://bloom.bg/4f5fAHD

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Can a man wearing a trash can really take on Reform UK’s Nigel Farage? Lizzy Burden explains what you need to know about Count Binface.
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A few Federal Reserve officials in their most recent policy meeting said there was a case for raising interest rates, though they ultimately supported the decision to leave rates on hold, according to the minutes of the Federal Open Market Committee’s June 16-17 meeting.
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California is considering a one-time, 5% tax on billionaires to fund healthcare shortfalls tied to major federal cuts. Opponents say it will prompt the uber-rich to leave, while supporters argue states can’t afford not to tax wealth that’s grown far faster than ordinary incomes.

Billionaires Fleeing Taxes Flock to Lake Tahoe Haven Across California’s Border: https://bloom.bg/4as0EAk

Massive IPOs and a potential wealth tax are sending a cascade of Silicon Valley money into Nevada’s Incline Village, reshaping the quiet enclave.

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#Economy #Finance #California #Tax #Billionaries

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Anna Edwards, Guy Johnson and Paul Dobson break down today’s key themes for analysts and investors on “Bloomberg: The Opening Trade.”

Chapters:
00:00:00 – MLIV
00:00:00 – Korean Stocks, Kospi
00:01:08 – SK Hynix US Offering
00:02:06 – Zhipu Stock Surges 22%
00:02:48 – China’s Reflation Shows Signs of Peaking
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