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Hyundai Translead expects between 50 and 100 to reach the U.S. next year, and forecasts that number to grow in 2027 and beyond, a spokeswoman said in an email.

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.

J&R Schugel celebrated its 50th anniversary in 2024 and became 100% employee owned in 2014. The merger was effective Oct. 31.

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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.