AGP Executive Report
Last update: 5 hours agoHigh-Speed Rail Oversight: California’s rail board curtailed CEO Ian Chowdhury’s contract powers after an audit found more than $680,000 in improper spending, including luxury travel. 2026 Election: Voters will choose a governor between Xavier Becerra and Steve Hilton and weigh 14 statewide propositions on Nov. 3; ballots are being mailed to registered voters. Semiconductors: Applied Materials unveiled a $5 billion Sunnyvale research center, where chipmakers and university researchers will work on next-generation technology for the AI era. Consumer Finance: California enacted a law requiring fair-lending exams of state-regulated banks, credit unions and mortgage licensees. Separately, the state ordered a mortgage lender to pay a penalty and fund an independent audit over repeat interest overcharges.
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