California’s proposed billionaire wealth tax has qualified for the November ballot after supporters submitted enough signatures. Backers still have until June 25 to decide whether to proceed as opponents, including Gov. Gavin Newsom and major tech figures, mobilize against it.
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A federal appeals court rejected Sam Bankman-Fried’s effort to overturn his conviction and 25-year sentence over the collapse of FTX. The panel said prosecutors’ evidence was “robust” and upheld the case against the former crypto billionaire.