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Illustration: Aïda Amer/Axios

The Blackstone Group and Global Infrastructure Partners have made a second offer to buy Kansas City Southern (NYSE: KSU), as first reported by the Wall Street Journal. No word yet on price, but any accepted deal expected to be worth north of $20 billion.

Why it matters: Kansas City Southern is one of North America's largest freight railroads, with a major share of traffic between the U.S. and Mexico.

  • Market reax: Kansas City Southern stock rose more than 4% on the news, giving it a current market cap of around $18.3 billion.
  • The bottom line: "Kansas City Southern is in the midst of implementing a new operating plan that calls for running fewer, longer trains on a tighter schedule. The overhaul will require fewer locomotives and railcars and has boosted the company’s profits and shares." — Cara Lombardo & Miriam Gottfried, WSJ

Go deeper

Dion Rabouin, author of Markets
Sep 15, 2020 - Economy & Business

Nikola and the battle for the soul of the stock market

Data: FactSet; Chart: Axios Visuals

The fate of one of Wall Street's most polarizing stocks — embattled electric truck maker Nikola, the company accused of being an “intricate fraud built on dozens of lies” and now facing a reported SEC investigation — will be decided almost entirely by long-only investors and mostly by retail traders.

Why it matters: This could be the ultimate test of Wall Street's current buy-the-dip ethos and the option market mania that has driven equity prices and valuations through the roof despite a withering economy.

2 hours ago - World

Map: A look at world population density in 3D

This fascinating map is made by Alasdair Rae of Sheffield, England, a former professor of urban studies who is the founder of Automatic Knowledge. It shows world population density in 3D.

Details: "No land is shown on the map, only the locations where people actually live. ... The higher the spike, the more people live in an area. Where there are no spikes, there are no people (e.g. you can clearly identify ... the Sahara Desert)."

Biden's Day 1 challenges: The immigration reset

Illustration: Aïda Amer/Axios

President-elect Biden has an aggressive Day 1 immigration agenda that relies heavily on executive actions to undo President Trump's crackdown.

Why it matters: It's not that easy. Trump issued more than 400 executive actions on immigration. Advocates are fired up. The Supreme Court could threaten the Deferred Action for Childhood Arrivals (DACA) program, and experts warn there could be another surge at the border.