Stephen Schwarzman, co-founder and CEO of Blackstone Group, on Nov. 5, 2019. Photo: Pedro Fiúza/NurPhoto via Getty Images

The Blackstone Group agreed to buy British student housing company iQ for $6.06 billion (£4.66 billion) from Goldman Sachs Merchant Banking and Wellcome Trust.

Why it matters: It's Britain's largest-ever private real estate acquisition, and is part of Blackstone's apparent goal to become much of the world's landlord.

The bottom line: "Property firms have turned to Britain’s budding build-to-rent sector, which caters to students and city dwellers seeking affordable accommodation, as traditional home building and selling falters," Reuters reports.

Go deeper: Blackstone Group buys majority stake in Bumble parent company

Go deeper

Updated 13 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 2:30 p.m. ET: 31,717,955 — Total deaths: 973,014 Total recoveries: 21,795,005Map.
  2. U.S.: Total confirmed cases as of 2:30 p.m. ET: 6,913,046 — Total deaths: 201,319 — Total recoveries: 2,646,959 — Total tests: 96,612,436Map.
  3. Health: CDC director says over 90% of Americans have not yet been exposed to coronavirus — Supply shortages continue to plague testing.
  4. Politics: Fauci clashes with Rand Paul at COVID hearing: "You're not listening" — FDA chief vows agency will not accept political pressure on coronavirus vaccine.
  5. Vaccines: Johnson & Johnson begins large phase 3 trial — The FDA plans to toughen standards.
  6. Sports: Less travel is causing the NBA to see better basketball.

California moves to phase out gasoline-powered cars

California Gov. Gavin Newsom. Photo: Justin Sullivan/Getty Images

California Gov. Gavin Newsom is issuing an executive order that seeks to eliminate sales of new gasoline-powered cars in his state by 2035.

Why it matters: California is the largest auto market in the U.S., and transportation is the biggest source of carbon emissions in the state and nationwide.

CDC director says over 90% of Americans have not yet been exposed to coronavirus

CDC Director Robert Redfield said at a Senate hearing Wednesday that preliminary data shows that over 90% of Americans remain susceptible to COVID-19 — meaning they have not yet been exposed to the coronavirus.

Why it matters: The U.S. surpassed 200,000 coronavirus deaths this week — the most recorded in the world — and over 6.8 million Americans have contracted the virus so far.

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