Hyperloop One announced Wednesday that it's promoted financial advisor Brent Callinicos to COO and CFO. The company is one of several racing to develop a high-speed train based on a concept developed by entrepreneur Elon Musk.

Top priority: Callinicos' first priority will be raising a Series C in the coming months, he told the Wall Street Journal. While at Uber as the company's CFO for three years, he helped the company raise more than $4 billion in equity and debt funding.

  • The funding round is likely to be large—in October, Forbes reported that the company plans to raise as much as $250 million in early 2017. Reached for comment, Hyperloop One declined to share specifics with Axios about its fundraising plans.

Extra marketing: In the next 90 days, Hyperloop One plans to do a demo of a new track, and while Callinicos says that the fundraising is unrelated to its construction, it will likely be a "flashy public display that is going to cause a spike in demand," he told the Journal.

Why now? Callinicos' promotion is in part due to a recent fight between some of Hyperloop One's executives. Co-founder Brogan BamBrogan and three other execs sued the company last year, alleging mismanagement.

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Trump's outdoor New Hampshire rally postponed due to weather

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President Trump's outdoor campaign rally in Portsmouth, N.H., slated to take place on Saturday, was postponed on Friday due to weather from Tropical Storm Fay, a senior White House official confirmed to Axios.

The state of play: Press Secretary Kayleigh McEnany told reporters on Air Force One that the event would take place in "a week or two" instead. The outdoor rally — which had encouraged the use of face masks — was scheduled after sparse attendance at Trump's indoor comeback to the campaign trail in Tulsa.

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Illustration: Aïda Amer/Axios

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  6. Sports: Sen. Richard Blumenthal calls on colleges to cancel fall sports.

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Illustration: Aïda Amer/Axios

Joe Biden yesterday laid out the broad strokes of his economic policy platform, which seemingly is designed to not freak out centrists and not piss off progressives.

Why it matters: Biden has a better-than-even shot of becoming the next president, which means his tax plans could become everyone's tax bills.