While New York City, San Francisco, New Orleans, and Detroit have seen sharp fluctuations in shipment flows since the outbreak, no city has suffered bigger interruptions than NYC. ...
(Bloomberg) -- A special purpose acquisition company co-founded by billionaire real estate executive Barry Sternlicht is planning to raise about $400 million in an initial public offering.Jaws Acquisition Corp. plans to issue 40 million units at $10 apiece, according to a filing Tuesday with the U.S. Securities and Exchange Commission. It intends to target companies in growth-oriented industries and not compete with Sternlicht’s Starwood Capital Group, which focuses on real estate, lodging, oil and gas and energy infrastructure, according to the filing, which confirmed a Bloomberg News report.Jaws’s founders are its chairman, Sternlich, and Chief Executive Officer Joe Dowling, who also runs Brown University’s endowment. The company also counts Doug Ostrover as a director. Ostrover was a founder of Blackstone Group Inc.’s credit arm, GSO Capital Partners.Going public by merging with blank-check companies has become popular for companies hoping to access capital in a volatile stock market. Fantasy sports operator DraftKings...
The American Trucking Associations and partner Protective Insurance Company will be supplying hand sanitizer to trucker drivers along major U.S. freight corridors. ...
