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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