“Newsom’s Power Play, Menendez Parole Shock, Fed Chair on the Hot Seat, $4.

Breaking now — California politics turned upside down! Governor Gavin Newsom just held a press conference after state lawmakers approved a sweeping redistricting plan that could reshape power in Sacramento. Meanwhile, inside the prison walls — a moment decade in the making. Erik Menendez faced the parole board today. His brother Lyle gets his chance tomorrow. 

On Wall Street’s radar — all eyes on Jackson Hole. Futurist Kevin Cirilli is there for the annual economic summit, where the future of interest rates — and even Jerome Powell’s job as Fed Chair — could be on the line. Back here in L.A. — a hardware store with a dirty secret. Police say it was a front for a $4.5 million cargo theft ring. And chaos at the mall — gunfire outside the Cheesecake Factory in Topanga. A woman was shot, but the suspect was arrested moments later.