Latest line: A good week for Stanford, a bad week for the Catholic Church

Stanford University

The university’s endowment, which pays for most of its programs, grows to $37 billion, the third-largest in the nation behind Harvard’s and Yale’s, and up 8.6% a year on average over the past 10 years.

Catholic Church

The Archdiocese of Los Angeles agrees to pay $880 million to settle lawsuits from more than 1,300 people who say they were sexually abused by more than 300 priests in cases dating back decades.

Gavin Newsom

California governor signs bill in special session he called requiring oil companies to stockpile larger inventories at refineries to avoid gas price spikes. Two days later, Phillips 66 announces it will close its Los Angleles refinery.