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Monday, July 22, 2019

Essential California


Good morning, and welcome to the Essential California newsletter. It’s Monday, July 22, and here’s a look at the week ahead.

On Monday, Fortune will reveal its annual Fortune Global 500 ranking of the world’s largest corporations according to revenue. Last year, California-based companies Apple and McKesson were in the top 10. (McKesson, the biggest U.S. pharmaceutical distributor, has since moved its headquarters from San Francisco to Texas.)

Also Monday: 2020 Democratic presidential candidate Jay Inslee will be campaigning in Los Angeles, with a town hall focused on his primary platform — defeating climate change.

On Wednesday, special counsel Robert S. Mueller III will testify before the House Judiciary and Intelligence committees. California Rep. Adam Schiff (D-Burbank) chairs the House Intelligence Committee.

Friday will mark the end of an era for Netflix, with the release of the seventh and final season of “Orange Is the New Black.” The influential show “was one of the first genuinely original programs in the new medium of streaming” and played a role in the rewriting of TV distribution.

Also Friday: The annual Gilroy Garlic Festival will open in the Santa Clara County city of Gilroy, which has been dubbed the “Garlic Capital of the World.” There will be food laced with more than two tons of fresh California-grown garlic.

And it will be a big week overall for tech giants reporting recent revenue and growth. Snap is scheduled to release its Q2 earnings report on Tuesday, Facebook on Wednesday, Google’s parent company Alphabet on Thursday and Twitter on Friday. 

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