Business

Plus, Elon's Twitter blues. | Friday, March 31, 2023   Open in app View in browser   Presented By Apollo   Axios Pro Rata By Dan Primack · Mar 31, 2023     Top of the Morning Illustration: Annelise Capossela/Axios   Q: What do a truck stop electrification company and a defunct pro basketball league have in common? A: Nothing. Except that they just merged. Driving the news: Shorepower, an Oregon-based firm founded in 2004, has gone public via a reverse merger with the United States Basketball League, which operated between 1985 and 2008. Background: Other than having a few recognizable NBA names like Manute Bol and Hot Rod Williams — and, of course, the three-time champion Atlantic City Seagulls — the USBL was best known for offering public stock in 1996. When the league went under, its shares kept...

Plus, a big tire transaction. | Thursday, March 30, 2023   Open in app View in browser   Presented By Apollo   Axios Pro Rata By Dan Primack · Mar 30, 2023 Morning greetings from the world-famous "Cafe at DCA," just after the escalators and just before TSA security check at Reagan National Airport. My menu recommendation is ... don't. A few quick notes to kick us off, as I spent all yesterday hobnobbing at the Axios What's Next Summit...     Top of the Morning Illustration: Sarah Grillo/Axios   Brain bucks: EQT Life Sciences yesterday announced the close of its debut LSP Dementia Fund, with €260 million in capital commitments. This is the first dementia-focused fund ever raised entirely by a VC firm, although there was an earlier one in 2013 that was partially formed and funded ...