MarketWatch First Take: Big business spent millions to sway Californians’ votes, and received billions in return

Large companies proved Tuesday that spending big bucks to sway Californians’ votes will provide an excellent return on their investment, after spending more than $300 million to win elections and being rewarded with valuation bumps of roughly $10 billion the very next day.

Large companies proved Tuesday that spending big bucks to sway Californians’ votes will provide an excellent return on their investment, after spending more than $300 million to win elections and being rewarded with valuation bumps of roughly $10 billion the very next day.