Innovation Beverage Group Enters into Letter of Intent for Potential Merger with BlockFuel Energy, Inc.

Innovation Beverage Group Ltd (Nasdaq: IBG) said it signed a definitive reverse triangular merger with BlockFuel Energy Inc. to close in Q4 2025. The combined company will trade on Nasdaq under ticker “FUEL”. BFE owners are expected to hold 90% and IBG 10%. Equity valuation is expected at US$220M to US$343M.

Innovation Beverage Group (Nasdaq: IBG) said it signed a definitive reverse triangular merger with BlockFuel Energy. The deal is expected to close in Q4 2025, after which the combined company will trade on Nasdaq under ticker FUEL. BlockFuel shareholders are expected to own 90% and IBG shareholders 10%. The equity valuation range is US$220M to US$343M.

Albertsons Companies said it is voluntarily recalling four ready-to-eat products containing jalapeños supplied by Taylor Farms, including items sold at Randalls in Texas. The recall followed a supplier recall tied to an ongoing federal investigation and an FDA probe of a Salmonella Javiana outbreak. FDA reported 345 illnesses in 27 states, 36 hospitalizations, no deaths.

U.S. health authorities are investigating a Salmonella outbreak linked to Mexican jalapeño peppers. The CDC and FDA say 345 people are ill across 27 states, with 36 hospitalizations and no deaths. The supplier, Coast Citrus Distributors, recalled peppers sent to restaurants including Chipotle and QDOBA. Chipotle removed jalapeños from some outlets and shares fell over 8% on Aug. 4.

Alstom said it has a contract for 153 Adessia Stream electric trains for Portugal’s CP. The order totals about €1.03bn, built in two stages: €746m for 117 units signed in Oct 2025, plus a March 2026 addendum adding 36 units for €318m. First passenger service is scheduled from 2029, with deliveries through 2031.

Realty Income (NYSE: O) says it began investing in data centers in late 2023 via a build-to-suit JV with Digital Realty, buying an 80% stake in an up to 48 MW facility. It also formed a hyperscale JV with Cloud Capital, targeting up to $1.4B investment for a 45% stake. Realty Income raised 2024 AFFO guidance to $4.44-$4.45/share and investment outlook to $10B.