Michael J. de la Merced has covered global business and finance news for The Times since 2006. Danielle Kaye is a Times reporter, covering business and policy for the DealBook newsletter.

Figma, which makes a design platform, was on the verge of a big payday before regulators quashed the sale. On Thursday, it went public, with its stock ending the day up 250 percent.

Cal Fire announced it's opening a new firefighter training center in Merced as it tries to beef up staffing amid uncertainty over federal staffing.