Bloomberg: The Pentagon group is known internally as “Deal Team Six” in a half-joking reference to the Navy’s elite special missions unit, Seal Team Six. It’s racing to put together creative deals with billions of dollars in equity stakes, long-term price floors, purchase commitments, loans and other financial tools.
“We’re at a five-alarm fire stage,” said Rush Doshi, who was China director at the National Security Council during the Biden administration. “There’s a sense that we don’t have time to ask if it would have been better if we did this with a pure market-mechanism method instead.”…