California lawmakers passed a landmark bill on Tuesday that threatens to reshape how companies like Uber and Lyft do business.
But shares of Lyft popped as much as 3.9% on Wednesday morning, while Uber climbed more than 2.9% after California Gov. Gavin Newsom told the Wall Street Journal on Wednesday that he’s still engaged in talks with Uber, Lyft and other gig economy companies about possible negotiations around the bill. Newsom recently voiced his support for the bill.
