Jeff Bezos expecting three-day workweeks, Ro Khanna defending California’s proposed billionaire tax and Anthony Scaramucci calculating the cost of higher rates were among the top economic stories this week.

Big Oil And Big AI Face Potential Liability

Former Labor Secretary Robert Reich warned that oil and AI companies could face exposure worth "tens if not hundreds of billions" as climate and AI harms create new legal risks.

He argued that liability lawsuits could force both industries to take those risks more seriously.

Read the full article here.

Ro Khanna Backs California’s Proposed Billionaire Tax

Rep. Ro Khanna (D-Calif.) defended the measure as "an innovative economic solution" for an economy where wealth is increasingly concentrated.

He compared it to Wisconsin’s introduction of an income tax in 1911, arguing that tax systems must evolve with how wealth is created.

Read the full article here.

Scaramucci Calculates The Cost Of Higher Rates

SkyBridge Capital founder Anthony Scaramucci said a 6% interest rate on the $40 trillion national debt would mean $2.4 trillion in annual interest payments.

He called it "just math" and argued that higher taxes might be needed to address the debt.

Read the full article here.

Jeff Bezos Sees Shorter Workweeks Ahead

Amazon.com Inc. (NASDAQ:AMZN) founder Jeff Bezos said AI-driven productivity could make three-day workweeks and single-income households more common.

He cautioned that this shift could make hiring harder for companies.

Read the full article here.

US And Russia Discuss A Possible Nord Stream Investor

Top U.S. and Russian officials have reportedly discussed bringing a U.S. investor into the Nord Stream pipelines, which would require sanctions to be eased.

Jared Kushner and Kremlin adviser Kirill Dmitriev took part in the talks as Kushner works to broker a Russia-Ukraine truce.

Read the full article here.

Disclaimer: This content was partially produced with the help of AI tools and was reviewed and published by Benzinga editors.

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