Jan 4, 2018

Bankrupt nuclear power company Westinghouse gets a buyer

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

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Zipline drones deliver masks to hospitals; vaccines could be next

Zipline's drone drops medical supplies via parachute. Image courtesy of Zipline.

Zipline, a California drone company, has made its U.S. debut by delivering medical supplies to hospitals in North Carolina under a pilot program honed in Africa.

Why it matters: The effort, made possible by a waiver from the Federal Aviation Administration to Novant Health, is the nation's longest-range drone delivery operation and could demonstrate how drones could be used in future pandemics, Zipline officials said.

NHL unveils 24-team playoff plan to return from coronavirus hiatus

Data: NHL; Table: Axios Visuals

The NHL unveiled its return-to-play plan on Tuesday, formally announcing that 24 of its 31 teams will return for a playoff tournament in two hub cities, if and when medically cleared.

Why it matters: Hockey is the first major North American sports league to sketch out its plans to return from a coronavirus-driven hiatus in such detail, and it's also the first one to officially pull the plug on its regular season, which will trigger ticket refunds.

Rising home sales show Americans are looking past the coronavirus

Illustration: Aïda Amer/Axios

Americans are behaving very differently than they have in previous recessions — convinced that the coronavirus pandemic will soon pass, many continue to spend money as if nothing has changed.

Driving the news: The latest example of this trend is the Commerce Department's new home sales report, which showed home sales increased in April despite nationwide lockdowns that banned real estate agents in some states from even showing listed houses.