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University of California official says system has $32 billion in holdings targeted by protesters

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University of California official says system has  billion in holdings targeted by protesters


SACRAMENTO, Calif. (AP) — Investments in weapons manufacturers and a wide array of other companies by the University of California targeted by students protesting the Israel-Hamas war represent $32 billion – or nearly one-fifth – of the system’s overall assets, the system’s chief investment officer says.

UC Chief Investment Officer Jagdeep Singh Bachher unveiled the estimate Tuesday at the first public Board of Regents meeting since nationwide pro-Palestinian student protests began in April. The calculation was in response to a letter he received last month from the UC Divest Coalition, which is scrutinizing the system’s overall $175 billion in assets.

The group asked for the system to halt its investments in weapons manufacturers, the investment firms Blackstone and BlackRock, and two dozen companies across the entertainment, technology and beverage industries.

Bachher said that would apply to investments that include: $3.3 billion in holdings from groups with ties to weapons manufacturers; $12 billion in U.S. treasuries; $163 million in the investment firm BlackRock and $2.1 billion in bonds that BlackRock manages; $8.6 billion from Blackstone and $3.2 billion from the other 24 companies.

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“We pride ourselves on a culture of transparency,” Bachher said, adding that it is important to listen to and engage with students.

The University of California system said last month it would not boycott or divest from Israel, and the regents have not indicated a change in position during this week’s meetings.

In 1986, the regents voted to divest $3.1 billion from companies doing business with South Africa’s apartheid government after more than a year of student protests. The system also dropped its investments in fossil fuels in 2020.

For weeks, students at campuses across the country have been protesting and setting up encampments at their universities to call on them to be more transparent about their investments and to divest from companies that financially support Israel. The demonstrations have led to disruptions, arrests and debates over free speech rights. Tensions between protesters, law enforcement and administration at the University of California, Los Angeles, have garnered some of the most attention.

The protests stem from the current Israel-Hamas conflict which started on Oct. 7 when Hamas launched an attack on southern Israel in which militants killed about 1,200 people, mostly civilians, and took roughly 250 hostages. Vowing to destroy Hamas, Israel launched an offensive in Gaza that has killed more than 34,500 Palestinians, around two-thirds of them women and children, according to the Health Ministry in the Hamas-ruled territory. Israeli strikes have devastated the enclave and displaced most of Gaza’s inhabitants.

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In a letter provided to The Associated Press by the UC president’s office, the UC Divest Coalition — which is made up of anti-war student advocates across UC campuses — asked the university system to end any investments in “companies that perpetuate war or weapons manufacturing, including companies that give economic support to the state of Israel, and therefore perpetuate the ongoing occupation and genocide of the Palestinian people.”

“Investment in arms production is antithetical to the UC’s expressed values and the moral concerns of the students, workers, and faculty that the Regents represent,” the letter says.

The United Nation’s top court in January ruled that Israel must do all it can to prevent acts of genocide in Gaza but did not order an end to Israel’s military activities in the territories. The ruling was in response to a case brought by South Africa accusing Israel of committing genocide in violation of international law. Israel has denied that it is committing genocide.

The coalition did not immediately respond to requests for comment sent via email and social media on the letter and the $32 billion estimate.

At a meeting that lasted nearly two-and-a-half hours Tuesday, some students and faculty called for the system to divest from groups with ties to Israel, some faculty raised concerns about antisemitism and Islamophobia on campus, and regents asked investment committee members what it would mean to divest.

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Holly Yu, a student studying ethnic studies at the University of California, Merced, urged officials to recognize that students are “expected to continue our everyday lives” as the death toll rises in Gaza.

“Please listen to the voices of your students and stand in solidarity with us by divesting immediately,” Yu said.

Regents said that the question of what it would mean to divest does not have a straight-forward answer.

“We need to be able to articulate to our students that are demanding divestment as to why it’s not so simple,” Regent Jose M. Hernandez said. “It’s not just a matter of selling a coupon and saying ‘okay, we don’t want this, so we’re going to invest in another company.’”

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Austin is a corps member for The Associated Press/Report for America Statehouse News Initiative. Report for America is a nonprofit national service program that places journalists in local newsrooms to report on undercovered issues. Follow Austin on the social platform X: @sophieadanna

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Two Republicans lead race to be next California governor—New poll

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Two Republicans lead race to be next California governor—New poll


Two Republican candidates are leading the latest poll in California’s gubernatorial race amid concerns that Democrats could be locked out of the general election in the solidly blue state.

Newsweek reached out to the California Democratic and Republican parties for comment via email.

Why It Matters

California is a solidly Democratic state that rarely elects Republicans to statewide office. However, Democrats are facing a potential challenge in next year’s gubernatorial race. The Golden State uses a unique “jungle primary” system where all candidates, regardless of their party, appear on the same ballot and the two candidates who receive the most votes advance to the general election. This means there is a possible, even if unlikely, scenario where two Republicans could advance to the general election and lock Democrats out of the race.

A string of recent polls suggests that could be a possibility in the race next year to replace retiring Governor Gavin Newsom, a Democrat, who cannot run for a third term due to term limits.

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What To Know

California’s gubernatorial race has drawn the interest of several well-known Democrats in the state including Representative Eric Swalwell, former Representative Katie Porter, former Secretary of Health and Human Services (HHS) Xavier Becerra, businessman Tom Steyer, former Los Angeles Mayor Antonio Villaraigosa, Superintendent of Public Instruction Tony Thurmond and former Controller Betty Yee.

By contrast, two well-known Republicans—Riverside County Sheriff Chad Bianco and commentator Steve Hilton—are in the race.

The math problem for Democrats would be if the high number of Democrats split the vote in a way that allows Bianco and Hilton to narrowly advance to the general election. Early polls show that as a possibility, though there is still time for Democratic voters to coalesce around specific candidates before June’s primary.

On Thursday, pollster Civic Lens Research released a survey showing Bianco and Hilton advancing to the general election. Hilton led with just under 18 percent of the vote, while Bianco followed with about 14 percent.

Swalwell placed third with about 12 percent support, while Porter and Steyer followed with 9 and 7 percent support, respectively. Still, many voters are still unsure of who they are going to support—and could be decisive in the race. Thirty-one percent said they were undecided in the poll.

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The poll surveyed 400 likely California primary voters via a web questionnaire sent by text message between December 14 and 16.

Other polls have also showed a Democratic lockout as a possibility. An Emerson College poll, which surveyed 1,000 likely voters from December 1-2, showed Bianco leading with 13 percent, while Hilton and Swalwell were tied at 12 percent. An FM3 poll showed Hilton lead with 18 percent, followed by Bianco and Swalwell at 17 percent. It surveyed 821 likely voters from November 30 to December 7 and had a margin of error of plus or minus four percentage points.

Zev Yaroslavsky, a former member of the Los Angeles County Board of Supervisors and director of the Los Angeles Initiative at the University of California, Los Angeles, told Newsweek polls are “largely reflecting name identification and party identification.”

“Voters are not focused on the June primary yet,” he said. “With only two Republicans in the mix along with half a dozen or more well-known Democrats, it is not surprising that most of the candidates are bunched up.”

Democratic and undecided voters are likely to “consolidate behind one or two prominent candidates” by the spring, Yaroslavsky said, noting that other candidates will either drop out or “just be relegated to electoral irrelevancy.”

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“The top Democrat will assuredly receive far more than 13% in June. Republicans have a ceiling of what they can hope to get in California, and when Democratic and independent voters coalesce around on or two candidates, at least one of the leading Democratic candidates will come in first or second and advance to the general election. At that point, it’s the Democrats’ to lose,” he said.

What People Are Saying

Corrin Rankin, chairwoman of the California Republican Party, told Newsweek in November: “Poll after poll shows Californians are tired of the decades of failure and corruption by Democrats, and they are turning to Republicans for real solutions and leadership on issues like affordability, public safety, and homelessness.”

Rusty Hicks, chair of the California Democratic Party, told Newsweek in November: “We look forward to electing another Democrat as California’s next Governor in 2026.”

What Happens Next?

The primary is set for June 2, 2026, so candidates will spend the first half of next year making their case to voters to convince them they are the best option to lead the nation’s most populous state.



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California orders Tahoe Truckee schools to leave Nevada sports over transgender athlete dispute

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California orders Tahoe Truckee schools to leave Nevada sports over transgender athlete dispute


The California Department of Education is requiring the Tahoe Truckee Unified School District to follow state law in another clash over transgender athletes in youth sports in the state. 

Currently, student-athletes in Tahoe Truckee Unified play sports in Nevada because of how close they are. But Nevada now bans transgender athletes in girls’ sports, which is against California state law. 

So after decades of playing in Nevada, California’s Department of Education is requiring the Tahoe Truckee Unified School District to compete in California to comply with state laws that allow student athletes to compete based on their gender identity.

David Mack is the co-founder of Tahoe Pride and describes the new youth sports divide in the Tahoe region.

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“So no one’s happy, it’s really sad, it’s quite tragic in that way,” Mack said. “People feel really upset that the school moved so fast on this. They feel blindsided, they feel not listened to, and then other people, like the trans kids, are getting steamrolled over like they’re not recognized in this argument.”

Nevada state lawmakers passed a law in April requiring a mandatory physical signed by a doctor to deem the athlete male or female based on their birth sex. 

“This is a politically manufactured issue to try to divide people,” Mack said. 

The Tahoe Truckee Unified School District is responding to the California Department of Education with a solution that the district legally join the California Interscholastic Federation in 2026, but continue to play in the Nevada Interscholastic Activities Association through 2028.

When asked if transgender athletes would be able to compete while operating in the NIAA, the district said it’s “still in the early stages of this transition, and many details are still being developed.”

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In an October letter addressed to the California Department of Education, the school district’s attorney, Matthew Juhl-Darlington, said the Tahoe Truckee Unified is “not aware of any transgender youth who have expressed interest in participating in its 2025-2026 athletic programs.”

“While the NIAA recently updated its polices to define ‘male’ and ‘female’ based on sex assigned at birth and not as reflected in an individual’s gender identity, as required under California law, the District is interpreting and implementing this policy in a manner consistent with California’s legal requirements,” Juhl-Darlington said in the letter. 

California Republican Rep. Kevin Kiley is opposed to the state order, arguing the weather conditions in Tahoe need to be considered.

“So in order to compete in a California league, you have to deal with this snowy weather and the travel dangers and so forth,” Kiley said.

The school board was expected to explain its solution to both join California’s CIF while playing in the NIAA through 2028 to parents and students Wednesday night at a board meeting.

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So far, the California Department of Education has not said if it will accept this as a solution.



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California wants Verizon to compromise more on DEI

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California wants Verizon to compromise more on DEI


A CA judge recommends approval for Verizon/Frontier but thinks more DEI commitments are neededNotably, the judge determined Verizon’s letter to the FCC doesn’ | A state judge recommended California approve the Verizon/Frontier deal, if the operator agrees to some DEI and workforce commitments.



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