UPDATE: KCRA 3 News Network Reports "California Lawmakers Block Newsom's Push To Prevent Insurance Companies From Suing Utilities That Cause Wildfires"

Stock Market Today, Aug. 28: PG&E Falls 8% on Wildfire-Liability Uncertainty Ahead of Aug. 31 Deadline

PG&E stock plummeted 7.52% to $16.61 after California lawmakers blocked Governor Newsom's plan to protect utilities from insurer recoupment in catastrophic wildfires. With an Aug. 31 legislative deadline approaching, investors face uncertainty over wildfire-liability protections. Trading volume surged 387% above average as concerns rippled through the utility sector.

Edison International shares are trading lower following a report suggesting that California lawmakers have blocked Gov. Gavin Newsom from pursuing his plan to prevent insurance companies in California from recouping their losses from investor-owned utilities that cause a catastrophic wildfire.

California Lawmakers Block Newsom's Push To Prevent Insurance Companies From Suing Utilities That Cause Wildfires; It Was Part Of A Broader Plan To Limit Utility Payouts

-Journalist Ashley Zavala

Pacific Gas & Electric Stock Slides As California Lawmakers Block Key Wildfire Insurance Reform: Report

PG&E is trading lower Friday after reports that lawmakers rejected Governor Gavin Newsom's bid to shield utilities from insurance claims.

Pacific Gas & Electric shares are trading lower following a report suggesting that California lawmakers have blocked Gov. Gavin Newsom from pursuing his plan to prevent insurance companies in California from recouping their losses from investor-owned utilities that cause a catastrophic wildfire.

'Pentagon Is in Talks With Venezuelan Mogul for Massive Oil Deal' - Bloomberg

https://www.bloomberg.com/news/articles/2026-08-28/pentagon-is-in-talks-with-venezuelan-mogul-for-massive-oil-deal