Ion Pacific

“Rivals are seeking to derail the $85 billion merger between Union Pacific and Norfolk Southern, which would create the first U.S. carrier running coast-to-coast.”

“Union Pacific said in May that it would walk away from the merger if the STB grants such remedies, which would require it to pay a $2.5 billion breakup fee to Norfolk Southern... that's no small thing, given that Union Pacific reported having only $2.11 billion of cash and cash equivalents as of June 30.”

“The STB could approve both the access requests and the merger, hoping that Trump isn't digging too deep into the weeds (i.e., merger approval = good). But if Union Pacific complains to the administration, let alone follows through on its threat to bail, then there could be blowback.”

“Moove, the developer of an operating layer for autonomous fleet management, raised a $250 million Series C led by Mubadala, Woven Capital, Toyota's Growth Fund and Ion Pacific at a $2.1 billion valuation.”