After more than five years of implementation and regulatory processes, on Aug. 10, 2023, the California Public Utilities Commission (CPUC) voted to approve groundbreaking resolutions allowing autonomous vehicle (AV) companies Cruise and Waymo to operate like taxis and charge passenger fares at any hour in San Francisco (technically a “Phase I Driverless Autonomous Vehicle Passenger Service Deployment permit”).
The Small Business Administration (SBA), the federal agency that administers the 8(a) Business Development Program, recently suspended 8(a) applications in response to a federal district court injunction.
On Aug. 9, 2023, the Biden administration issued a long-anticipated Executive Order restricting equity, venture capital, and joint venture investments in China.