SCE agrees to $80M payout over Thomas Fire lawsuit
Southern California Edison will be paying the United States $80 million on behalf of the U.S. Forest Service to recoup costs and damages associated with the 2017 Thomas Fire in the Los Padres National Forest that affected both Ventura and Santa Barbara counties. The settlement was finalized on Feb. 23 and announced by the U.S. Read More →
Undocumented immigrants make key contributions to state’s economy
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Apeel appoints new CEO
Goleta-based Apeel Sciences announced that James Rogers will be stepping from his title as CEO and that the company has appointed Luiz Beling to take over the position. Announced Feb. 26, Apeel said in a press release that Beling will transition into the CEO role over the next months, working with Rogers. Rogers, founder of Read More →
Updated: Thousand Oaks biotech firm emerges from stealth with $135M in funding
Editor’s note: This story was updated on Feb. 23 to include more info about the company’s lead treatment. Latigo Biotherapeutics, a Thousand Oaks-based biotech firm that was originally founded by Westlake Village BioPartners, emerged from stealth mode on Feb. 14, announcing $135 million in Series A financing. Latigo is a clinical-stage biotechnology company looking to Read More →
Portfolio watch
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Guest commentary: Volatility and the markets in the first month of 2024
By Arthur G. Swalley Markets closed in 2023 with historically strong performance. US stocks mostly erased 2022’s losses. Bonds closed the year up on the back of a 5% rally in November and December but were unable to recoup 2022’s losses. The fall rally was touched off by Federal Reserve Chairman Jerome Powell saying that Read More →
Dubroff: Will markets shrug off geopolitical jitters and set new highs?
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