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Companies face AI-driven challenges and opportunities, with Omnicom navigating mergers, Bitdeer battling crypto volatility, and Wix leveraging AI for growth amid shifting markets.

US transport chief on California high-speed rail: 'We have to pull the plug'

Investing.comThursday, July 17, 2025 at 6:20:47 PM
NegativeFinancial Marketsinfrastructure
US transport chief on California high-speed rail: 'We have to pull the plug'
The US Transportation Secretary is calling it quits on California's high-speed rail project, bluntly stating it's time to "pull the plug." After years of delays, ballooning costs, and political infighting, the federal government seems ready to walk away from what was once a flagship infrastructure dream.
Editor’s Note: This isn't just about a train—it's a symbol of how big, ambitious projects can get bogged down in bureaucracy and budget nightmares. California's high-speed rail was supposed to be a model for modern transit, but its struggles highlight the messy reality of turning bold ideas into reality. If the feds bail, it could send a chilling message to other large-scale infrastructure efforts.
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