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The ride-hailing company Lyft will pay $272.5 million to settle a California wage-and-hour lawsuit, marking the largest such settlement in the state’s history. The settlement will resolve allegations that Lyft misclassified its workers as independent contractors between 2016 and 2020 and denied them wage and workplace protections that were required under state law at the…

What you need to know:California is investing $48.5 million through the California Jobs First Regional Investment Initiative to support 18 projects across eight economic regions. The investments are expected to support the creation of 20,000 jobs while advancing regional economic priorities in key sectors across the state.