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This photo taken in August 2013 shows the Nos. 3 and 4 reactors of the Vogtle power plant being constructed by contractor Westinghouse Electric. Photo: Kyodo News via Getty Images

Brookfield Business Partners, a listed unit of Canadian infrastructure investor Brookfield Asset Management, has agreed to buy bankrupt U.S. nuclear power company Westinghouse Electric for around $4.6 billion.

Why this isn't surprising: Westinghouse is the only U.S. company to receive U.S. building permits for new nuclear power plants since the Three Mile Island incident nearly 40 years ago – but billions of dollars in cost overruns led the company to file for chapter 11 protection in March. The mess essentially cost Westinghouse owner Toshiba more than it initially paid to purchase the business in 2006.

Connections: The deal is tied to utility giant Dominion Energy's $14.6 billion acquisition of South Carolina's SCANA Corp., announced Wednesday. SCANA has previously partnered with Westinghouse to build a pair of since-scrapped nuclear reactors.

Go deeper: Private equity bids on bankrupt nuclear power company

Go deeper

Ben Geman, author of Generate
17 mins ago - Politics & Policy

The top candidates Biden is considering for key energy and climate roles

Photo: Alex Wong/Getty Images

Senate Minority Leader Chuck Schumer (D-N.Y.) has urged President-elect Joe Biden to nominate Mary Nichols, chair of California's air pollution regulator, to lead the Environmental Protection Agency, Bloomberg reports.

Why it matters: The reported push by Schumer could boost Nichol's chances of leading an agency that will play a pivotal role in Biden's vow to enact aggressive new climate policies — especially because the plan is likely to rest heavily on executive actions.

U.S. economy adds 245,000 jobs in November as recovery slows

Data: BLS; Chart: Axios Visuals

The U.S. economy added 245,000 jobs in November, while the unemployment rate fell to 6.7% from 6.9%, the government said on Friday.

Why it matters: The labor market continues to recover even as coronavirus cases surge— though it's still millions of jobs short of the pre-pandemic level. The problem is that the rate of recovery is slowing significantly.

2 hours ago - Health

Fauci says he accepted Biden's offer to be chief medical adviser "on the spot"

The government's top infectious-disease expert Anthony Fauci said Friday that he "absolutely" will accept the offer from President-elect Joe Biden to serve as his chief medical adviser, telling NBC's "Today" that he said yes "right on the spot."

Why it matters: President Trump had a contentious relationship with Fauci, who has been forced during the pandemic to correct many of the president's false claims about the coronavirus. Biden, meanwhile, has emphasized the importance of "listening to the scientists" throughout his campaign and transition.