LAURA NELSON

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Blockbuster public offerings from SpaceX, Anthropic and OpenAI will mint a new generation of millionaires and billionaires overnight, newfound wealth that could deliver a windfall for America’s philanthropic organizations. Nonprofits are hoping for an influx of cash from the newly wealthy—not only those looking to whittle down tax bills but a new crop of donors with deeply held convictions about charitable giving. Copyright ©2026 Dow Jones & Company, Inc. All Rights Reserved.

Jean Eaglesham, Laura J. Nelson California officials took legal action Monday against State Farm, accusing the insurer of unlawfully delaying, denying and underpaying home-insurance claims from survivors of last year's Los Angeles wildfires. The state is seeking millions of dollars in damages, the highest penalty sought this century following a wildfire disaster, the California department of insurance said Monday.