Greetings from Los Angeles for the week.

And welcome back to The Stratosphere. Before we dive into today’s reporting, a reminder about the very special, one-time deal we are offering to Puck: You can get a rare discount on a Puck subscription through this weekend. After that date, you’ll be back to paying full-freight. So take advantage of this deal while it’s on the table, or you’ll find yourself in three weeks wishing that you did when you find a Puck story you want to read. Not only that, if you sign up by Thursday at 12 pm ET, you’ll get an invitation to a call that I and a few other of Puck's founding journalists are hosting later that afternoon.

In tonight’s email, I’ve got three inside stories. First, internal emails that pull back the curtain on an internecine fight in Silicon Valley over a new climate measure supported by Gavin Newsom. Second, the latest dish on the contretemps over Blake Masters in Arizona, including a pair of intriguing fundraisers happening this month. And lastly, has Yvon Chouinard’s $3 billion donation really ushered in a new era of capitalism? (In short, no, but read on…)

Also mentioned: California politicos David Crane and Kristin Hueter; donors Michael Moritz and Bill Fisher; Peter Thiel and Mitch McConnell, plus Steven Law, Tucker Carlson, and many more…

But the Newsom maneuvering that has Silicon Valley insiders buzzing these days is the position he has taken to align himself with some of the state’s biggest tech donors against a nominally pro-climate, anti-billionaire tax being promoted by one of the state’s biggest tech companies. Not only is the Democratic governor attaching his brand to the state’s moderate business community, but Newsom has also made himself the star of the deepening internecine spat, in which Silicon Valley has gone to war with itself over a ballot measure that would jack up taxes on wealthy Californians to further subsidize the electric vehicle industry...