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Hollywood Hills and Other L.A. Fire News: 5 Dead; Economic Toll Nears $60B - Barron's

1. Fires in Los Angeles caused extensive damage, affecting power and evacuations. 2. Edison International (EIX) shares fell 10% due to safety power shutdowns. 3. Economic losses from wildfires estimated between $52 billion and $57 billion. 4. Film studios in Burbank shut down operations amid fire disruptions. 5. Insurance losses from the fires could reach $10 billion, affecting major companies.

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FAQ

Why Bearish?

EIX's significant share drop indicates negative market reactions to disaster impacts.

How important is it?

The wildfires and their impact on EIX highlight significant risks to operations and profits.

Why Short Term?

Immediate effects on EIX from wildfire power outages; recovery may take time.

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