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At New York City's LaGuardia Airport, two pilots were killed and dozens more injured after an Air Canada plane crashed into a Port Authority fire truck. The Federal Aviation Administration closed LaGuardia until the late afternoon on Monday. The fatal collision comes as anxiety surrounding air travel is already growing due to the ongoing partial government shutdown, which has led to hourslong security lines at some airports tied to a nationwide shortage of TSA agents. Meanwhile, President Trump calmed some market uncertainty brought on by the war in Iran, which is entering its fourth week, announcing a five-day moratorium on U.S. attacks of Iranian energy sites; this caused oil prices to come down, with the Dow Jones, S&P 500, and Nasdaq all ticking up. In business, California lawmakers are debating a bipartisan bill that would prohibit children under 16 from maintaining social media accounts, and Uber is partnering with Rivian to deploy up to 50,000 autonomous R2 robotaxis across North America and Europe by 2031. Read more at https://LATimes.com.
A deal to merge two of the largest local television news companies, Nexstar and Tegna, closed Thursday despite a lawsuit from the attorneys general of eight states to block it. The Federal Communications Commission and the Justice Department approved the $6.2 billion deal, clearing the way for Nexstar to expand its already massive broadcast operation. Meanwhile, Muslims around the world are celebrating the holiday of Eid al-Fitr, marking the end of the holy month of Ramadan. It's a day traditionally greeted with joy as families and friends gather in prayer, enjoy traditional delicacies, and take part in vibrant festivities, but this year the celebration comes amid conflict, with war in and across the Middle East. In business, Edison International's CEO received a significant pay raise despite ongoing scrutiny over its potential role in the fatal Eaton Fires, and a new bipartisan bill restored billions in federal funds to help Southern California aerospace and defense startups. Read more at https://LATimes.com.
Cesar Chavez's name adorns city streets and university buildings, but later this month, Californians for the first time will celebrate Farmworkers Day after lawmakers voted on Thursday to change the name of the state holiday. This comes after a New York Times investigation came out Wednesday under the headline "Cesar Chavez, a Civil Rights Icon, Is Accused of Abusing Girls for Years." It was a watershed moment and a time of reckoning with Chavez's legacy. Meanwhile, the Trump administration is racing to contain a growing global energy crisis as the war with Iran pushes oil prices further. Treasury Secretary Scott Bessent told Fox Business on Thursday that the U.S. government could lift sanctions on Iranian oil, freeing up more than 100 million barrels stranded in the Strait of Hormuz. In business, Josh D’Amaro has officially succeeded Bob Iger as CEO of Disney, and travelers face increasing ticket prices as jet fuel costs surge globally. Read more at https://LATimes.com.
As the Iran War rages on, it's continuing to cause ripples across the global economy, including an increase in the cost of jet fuel, meaning flights might get more expensive for consumers. Meanwhile, as controversial prediction markets take off, one of the biggest names in the industry, Kalshi, is being hit with criminal charges by the state of Arizona. And, just a year after the deadly 2025 Eaton fires, Edison International, the parent company of Southern California Edison, which claimed responsibility for the blaze, rewarded two of their top executives with massive paydays. In business, Amazon has launched a one-hour delivery service in Los Angeles and hundreds of other cities, and Grindr is introducing AI features for premium subscribers to improve user matching and conversation tracking. Read more at https://LATimes.com.