Update babel monorepo (#40060)

* Update babel monorepo
* search: Exclude corejs `exnext.iterator.` polyfills to avoid bloating the bundle.

---------

Co-authored-by: Renovate Bot <bot@renovateapp.com>
Co-authored-by: Brad Jorsch <brad.jorsch@automattic.com>

Committed via a GitHub action: https://github.com/Automattic/jetpack/actions/runs/11693139393

Upstream-Ref: Automattic/jetpack@41ee4b3

CHANGELOG.md

@@ -2,6 +2,13 @@
 
 ### This is a list detailing changes for the Jetpack RNA Connection Component releases.
 
+## [0.35.16-alpha] - unreleased
+
+This is an alpha version! The changes listed here are not final.
+
+### Changed
+- Updated package dependencies.
+
 ## [0.35.15] - 2024-11-04
 ### Added
 - Enable test coverage. [#39961]
@@ -882,6 +889,7 @@
 - `Main` and `ConnectUser` components added.
 - `JetpackRestApiClient` API client added.
 
+[0.35.16-alpha]: https://github.com/Automattic/jetpack-connection-js/compare/v0.35.15...v0.35.16-alpha
 [0.35.15]: https://github.com/Automattic/jetpack-connection-js/compare/v0.35.14...v0.35.15
 [0.35.14]: https://github.com/Automattic/jetpack-connection-js/compare/v0.35.13...v0.35.14
 [0.35.13]: https://github.com/Automattic/jetpack-connection-js/compare/v0.35.12...v0.35.13

package.json

@@ -1,6 +1,6 @@
 {
 	"name": "@automattic/jetpack-connection",
-	"version": "0.35.15",
+	"version": "0.35.16-alpha",
 	"description": "Jetpack Connection Component",
 	"homepage": "https://github.com/Automattic/jetpack/tree/HEAD/projects/js-packages/connection/#readme",
 	"bugs": {
@@ -32,8 +32,8 @@
 	},
 	"devDependencies": {
 		"@automattic/jetpack-base-styles": "^0.6.34",
-		"@babel/core": "7.24.7",
-		"@babel/preset-react": "7.24.7",
+		"@babel/core": "7.26.0",
+		"@babel/preset-react": "7.25.9",
 		"@storybook/addon-actions": "8.3.5",
 		"@testing-library/dom": "10.4.0",
 		"@testing-library/react": "16.0.1",