Californians are set to vote on a significant one-off tax targeting billionaires to support the state’s healthcare system. This initiative is part of a larger discussion during the run-up to the US midterm elections.
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In related economic news, global oil prices plummeted by approximately 8% just before the elections, following Iran’s announcement of active negotiations through mediators towards reaching peace. Iran indicated it could reopen the vital Strait of Hormuz if the United States fulfilled its conditions.
This segment aired on November 2, 2026.
