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The Stockholm-based autonomous driving startup will combine with special purpose acquisition company Legato Merger and is set to raise $319 million in the process, the company said Nov. 12.

The House has not been in legislative session since Sept. 19. That's when it passed a short-term funding patch to keep the government open when the new budget year began in October.

The company will use the money to speed production of what CEO Josh Araujo calls the “Swiss Army knife” of military autonomous vehicles. 

“What you’re seeing right now clearly is something of a relief rally when people have been pretty negative on the prospects for both FedEx and UPS,” said Ari Rosa, an analyst at Citigroup.

A record-setting 42-day U.S. government shutdown is on a path to end as soon as Nov. 12 after the Senate passed a temporary funding measure backed by a group of eight centrist Democrats.

Mexican President Claudia Sheinbaum’s plan to impose steep tariffs on Chinese imports has been delayed until at least December as mounting opposition stalls congressional debate.

China said Nov. 10 it is making good on its pledge to crack down on chemicals that can be used to make fentanyl, a key issue for Donald Trump during recent talks with Chinese leader Xi Jinping.

“We have to do this as quickly as possible," said House Speaker Mike Johnson. He's kept the House out of session since mid-September, when it passed a bill to continue federal funding.

For companies that make technology subject to Commerce Department licensing, the expected pause offers a welcome reprieve from a policy they viewed as a massive compliance headache.

UPS and FedEx said Nov. 7 that they were grounding their fleets of McDonnell Douglas MD-11s “out of an abundance of caution." The planes make up about 9% and 4% of their fleets, respectively.