These are the headlines you Need2Know:
* **California Wildfire Biggest on Record:**
The Mendocino Complex has grown 80 percent since Friday, burning roughly 283,000 acres in Lake County and destroying 75 homes. Officials said Monday the blaze is only 30 percent contained.
For more on this story, check out the [LA Times](http://www.latimes.com/local/lanow/la-me-ln-california-wildfires-danger-level-20180806-story.html).
* **4 Primaries and 1 Special Election Today:**
Voters cast their ballots Tuesday for primary candidates in Michigan, Kansas, Missouri, and Washington, and will decide who wins the special election for a Columbus, Ohio, House seat. That race could indicate how likely Republicans are to hold off a Democratic challenge for control of Congress. Check out [USA Today](https://www.usatoday.com/story/news/politics/2018/08/03/aug-7-primaries-measure-gop-vulnerability-democratic-tensions/885343002/) for the latest on election results.
* **No Arrests in Chicago After Deadly Weekend:**
More than 70 people were shot, up to a dozen fatally, in a particularly violent weekend in Chicago. Police attributed the violence to gang members, but no arrests have been made. For more, check out the [Chicago Tribune](http://www.chicagotribune.com/news/local/breaking/ct-met-chicago-weekend-violence-20180806-story.html).
* **Paul Manafort's Former Partner Testifies:**
In the trial of President Trump's former campaign chair, Manafort's former protégé Rick Gates testified that he and his partner hid 15 foreign bank accounts from the federal government. Gates pleaded guilty earlier this year to fraud charges and agreed to testify against his former mentor as part of his plea deal. For more, check out the [NY Times](https://www.nytimes.com/2018/08/06/us/politics/rick-gates-manafort-trump-trial.html).
Cheddar's Jill Wagner gets into the latest.
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Unpacking Jerome Powell’s surprise rate cut with Tematica Research CIO Chris Versace—what it signals, who wins, who loses, and what smart investors do now.
Ben & Jerry’s co-founder Jerry Greenfield is leaving the ice cream brand after 47 years. He says the freedom the company used to have to speak up on social issues has been stifled
The Trump administration has issued its first warnings to online services that offer unofficial versions of popular drugs like the blockbuster obesity treatment Wegovy.
Oracle soars as it cashes in on the AI boom, Plus: Starbucks shares continue to fall under its new CEO, and does anybody actually want a new iPhone Air?
Swedish buy now, pay later company Klarna is making its highly anticipated public debut on the New York Stock Exchange Wednesday, the latest in a run of high-profile initial public offerings this year. The offering priced at $40 Tuesday, above the forecasted range of $35 to $37 a share, valuing the company at more than $15 billion. The valuation easily makes Klarna one of the biggest IPOs so far in 2025, which has been one of the busier years for companies going public. Other popular IPOs so far this year include the design software company Figma and Circle Internet Group, which issues the USDC stablecoin..
Oracle co-founder Larry Ellison wrested the title of the world’s richest man from longtime holder Elon Musk early Wednesday as stock in his software giant rocketed more than a third in a stunning few minutes of trading. That is according to wealth tracker Bloomberg. A college dropout, the 81-year-old Ellison is now worth $393 billion, Bloomberg says, several billion more than Musk, who had been the world’s richest for four years. The switch in the ranking came after a blockbuster earnings report from Oracle. Forbes still has Musk as the richest, however, valuing his private businesses much higher.
