The news: DoorDash made a $3.6 billion offer to acquire UK-based delivery platform Deliveroo earlier this month, a move that would vastly expand its international business.

• While discussions between the two companies are ongoing, Deliveroo said it would be inclined to recommend the offer to its shareholders.
• DoorDash has until May 23 to submit an official bid, per UK rules.

Zigging while others zag: The timing for the deal is interesting, to say the least, since most companies are currently in cost-cutting mode due to tariffs and widespread economic uncertainty. While DoorDash is not directly exposed to the new wave of import duties, it is vulnerable to a tariff-induced pullback in restaurant spending—which is already taking shape as consumers hunker down.