Energy

PG&E strikes $13.5 billion deal with victims of California wildfires

PG&E in California
Photo: Justin Sullivan / Staff/Getty Images

Pacific Gas & Electric and attorneys for the victims of 2017 and 2018 California wildfires that killed dozens of people and ravaged homes and businesses, agreed on Friday to a $13.5 billion settlement, the New York Times reports.

The impact per the Times: "The agreement could help tens of thousands of residents rebuild while helping to resolve the utility’s bankruptcy."

Elon Musk found not guilty in defamation lawsuit

Elon Musk in court in Los Angeles. Photo: Apu Gomes/Getty Images

Tesla CEO Elon Musk prevailed in a jury trial on Friday over whether his tweets calling a cave expert a "pedo guy" constitute defamation, and he will not be held liable for damages, according to multiple media reports.

Why it matters: Musk is no stranger to getting into trouble for his tweeting habits. Earlier this year, he and Tesla had to pay $20 million settlement each to the Securities and Exchange Commission after he wrote false claims about Tesla financing.