Florida's no state income tax and pro-business policies are making it a haven for the wealthy, especially tech billionaires from California. Meanwhile, Iran's attacks on commercial ships and oil refineries in the Persian Gulf have prompted the International Energy Agency to release 400 million barrels of oil from emergency reserves, with the U.S. contributing 172 million barrels. And Noma's head chef René Redzepi is stepping down from the restaurant he helped create in 2003, but his LA pop-up will go on. Read more at https://LATimes.com.

The show will go on for Noma's pop-up restaurant in Los Angeles’s Silver Lake neighborhood, but some of Noma's sponsors like American Express, Resy, and Blackbird are pulling out of the 16-week event after allegations of abusive behavior by chef and co-founder René Redzepi toward his staff. Meanwhile, your trip to LAX might cost you more than usual as the airport starts charging rideshare companies like Uber, Lyft, and taxis higher access fees. The new fees will take effect later this summer when the airport opens its long-delayed automated train known as Skylink. In business, Yamaha Motor Corp. announces it will relocate its California operations to Kennesaw, Georgia, by the end of 2028, and Disney names Thomas Mazloum as the new chairman of Disney Experiences, overseeing theme parks and cruise lines. Read more at https://LATimes.com.

Defense Secretary Pete Hegseth vowed that Tuesday will be the “most intense” day of strikes on Iran. When asked about the timeline of the conflict, Hegseth and President Trump have given mixed messages. On Monday, Trump told CBS News that the war with Iran is “very complete,” before reversing course later in the day. Meanwhile, AI company Anthropic is suing the Department of Defense after being labeled a supply chain risk last week. The company alleges the government violated its First Amendment rights following disputes over how federal agencies could use Anthropic’s technology. In business, Ross has opened two new locations in Alhambra and North Hollywood as part of a national plan to launch 110 stores this year, and Beyond Meat officially rebranded as "Beyond The Plant Protein Co." to reflect its expansion into protein drinks and bars. Read more at https://LATimes.com.

Oil prices surged Monday as the war in Iran escalates. Brent crude, the international benchmark, briefly climbed near $120 a barrel after Iran announced Mojtaba Khamenei will succeed his father as Supreme Leader. Meanwhile, travelers at some airports across the U.S. reported hours-long security lines as TSA agents prepare to go without pay during the ongoing Department of Homeland Security shutdown. In business, Chinese Labubu maker Pop Mart has opened its 22,000-square-foot U.S. headquarters in Culver City, and Grocery Outlet announced it will close 36 underperforming stores by the end of the year. Read more at https://LATimes.com.

The war on Iran continues to quickly escalate into a broader regional conflict. Iran is accusing the United States of an "atrocity at sea" after a U.S. submarine sank an Iranian warship in the Indian Ocean. Civilian casualties from Israeli and U.S. attacks have topped 1,000, according to the Human Rights Activists News Agency. Meanwhile, Paramount's deal to purchase Warner Brothers Discovery could soon bring two of the most powerful networks in television news, CNN and CBS News, together under one roof — forcing the longtime competitors into a potentially complex partnership. The Los Angeles City Council recognized the Brady Bunch home as a historic cultural landmark. California wineries are facing severe decline due to grape oversupply, decreased demand from younger consumers, and international trade boycott. And, Varda Space Industries has leased a former Mattel plant in El Segundo to scale its operations. Read more at https://LATimes.com.

The United States' war on Iran is quickly expanding into a regional conflict. On its fourth day, Iran attacked the U.S. Embassy in Riyadh, Saudi Arabia, coming after their attack on the U.S. Embassy in Kuwait. In total, over 700 Iranians have been killed as of Tuesday afternoon. Meanwhile, all eyes are on Texas, as voters head to the polls to cast their ballots in one of the first primary elections in the country. The race has already become the most expensive primary in U.S. history, with more than $15 million spent on advertising, according to AdImpact. Democrats haven't won a statewide election since 1994, and they're hoping to make history in November. In business, California gas prices may rise due to the U.S. war on Iran, and Paramount plans to merge its streaming platform with HBO Max as part of its $110 billion acquisition of Warner Bros. Discovery. Read more at https://LATimes.com.

Over the weekend, the United States and Israel attacked Iran, killing the country's supreme leader, Ayatollah Ali Khamenei. Since then, over 500 Iranians, four U.S. soldiers, and at least 11 Israelis have been killed, according to reports. Iran has retaliated by striking at least six U.S. military facilities across the Middle East and attacking luxury hotels and airports in Dubai. President Trump says the U.S. military will continue to attack Iran for four to five weeks, if necessary. And, already the war is having dramatic effects on global markets, with oil and gas prices surging nearly 10%. However, about 20% of the world's oil supply flows through the Strait of Hormuz, where tanker traffic has effectively been shut down. In business, compounding factors are driving car insurance prices up in California, and Coco Robotics introduced Coco 2, an upgraded version of its autonomous food delivery robot. Read more at https://LATimes.com.

After more than two months of tug-of-war for Warner Brothers Discovery, Netflix is dropping the rope and clearing the way for Paramount Skydance to take over one of Hollywood's most iconic studios. Meanwhile, more fallout after the FBI raided Los Angeles Unified School District Superintendent Alberto Carvalho's home and office on Wednesday. And from flood watch to heat warnings, Southern California is rounding out February with more extreme weather. After a series of winter storms pummeled the Southland earlier this month, damaging roads and flooding businesses, a high-pressure system is sending temperatures 15 to 20 degrees above normal. In business, the majority of Moreno Valley Mall remains closed after city officials found hundreds of fire safety violations, and Trader Joe's issued a nationwide frozen chicken fried rice due to potential glass contamination. Read more at https://LATimes.com.