Samsung Gains Interest from BYD, Google, AMD as AI Chip Demand Strains TSMC Capacity 
Saudi Aramco Explores Sulphur Business Stake Sale to Raise Billions 
Hyundai to Acquire SoftBank’s Remaining Boston Dynamics Stake for $325 Million 
SpaceX Stock Slides After IPO Rally as Valuation Concerns Grow 
Ukrainian Drone Makers Target Japan and Asia Defense Market 
GM and Lockheed Martin Partner to Strengthen U.S. Defense Manufacturing Capacity 
SoftBank Shares Drop as OpenAI Losses and Rising Costs Spark Investor Concerns 
HSBC Australia Faces A$35M Penalty Over Scam Protection Failures 
SpaceX Surpasses Amazon in Market Value as Post-IPO Rally Accelerates 
Qantas Unveils Wellness-Focused Nonstop Sydney-London Flights to Reduce Jet Lag 
G7 Explores AI Access Deal With U.S. Amid Anthropic Restrictions 
Microsoft Taps AWS to Support GitHub Amid AI Coding Boom 
Chinese Social Media Giant Xiaohongshu Eyes Hong Kong IPO at Over $70 Billion Valuation 
US Raises Concerns Over Possible ASML EUV Machine Transfer to China 
Apple Signals Product Price Hikes Amid Rising Memory Chip Costs 
Trump Administration Delays DeepSeek and CXMT Trade Blacklist Designations Amid U.S.-China Tensions 
Carro Expands Into Australia With Acquisition of Used-Car Platform CarPlace 
Orange County Business Council (OCBC) released the following statement today in response to Governor Brown's transportation package as part of the proposed budget:
"The Orange County Business community applauds Governor Brown for his continued dedication to fixing California's severely degraded roads," said Lucy Dunn, President and CEO, OCBC. "The inclusion of a transportation package in the state's budget signals the hope for a bipartisan effort to address one of the most critical problems plaguing the state's growth and future — without reliable means of movement for goods and people, California's businesses and residents face a major hindrance in economy prosperity."
"California is the world's eighth largest economy and the largest in the U.S., however, its roads are consistently ranked one of the worst in the nation. Motorists spend on average $762 annually to fix auto repairs caused by poor road conditions while the average Southern California driver spends up to 80 hours a year in traffic – clearly money wasted. Not to mention time delayed getting goods to ports of trade."
"OCBC strongly advocates for a long-term funding plan that includes both reform and revenue to address the state's more than $300 million transportation funding shortfall. The business community looks forward to working with Gov. Brown and the legislature to address this critical issue and keep California moving."
About OCBC: Orange County Business Council is the leading voice of business in Orange County, California. OCBC represents and promotes the business community, working with government and academia, to enhance Orange County's economic development and prosperity in order to preserve a high quality of life. OCBC serves member and investor businesses with nearly 250,000 employees and 2,000,000 worldwide. In providing a proactive forum for business and supporting organizations, OCBC helps assure the financial growth of America's sixth largest county. For more information, visit www.ocbc.org.
CONTACT: Delaine Moore, Director of Communications, [email protected] or 949.794.7220
