Illustration: Aïda Amer/Axios

Global Infrastructure Partners and Brookfield Asset Management are in advanced talks to acquire a 49% stake in Abu Dhabi National Oil Co.’s natural gas pipelines for $15 billion (including debt), per multiple reports.

Why it matters: Neither the pandemic nor energy price volatility has slowed global infrastructure investing.

  • Other investors would include Ontario Teachers’ Pension Plan, GIC, Snam, and NH Investment & Securities.

The bottom line:

"Abu Dhabi has been opening up the operations of its state-owned oil producer to foreign partners as part of a push to diversify its economy and generate additional sources of funding. Adnoc has already sold shares in its distribution unit and brought in international investors to its refining and oil field services business. KKR and BlackRock agreed last year to invest $4 billion in Adnoc’s oil pipeline network. GIC bought a stake in the business later."
Bloomberg

Go deeper: How coronavirus will alter natural gas markets

Go deeper

Dan Primack, author of Pro Rata
Sep 10, 2020 - Economy & Business

Mall owners Simon and Brookfield to acquire JCPenney out of bankruptcy

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Simon Property Group (NYSE: SPG) and Brookfield Property Partners (Nasdaq: BPY) have tentatively agreed to acquire most of the retail operations of JCPenney, as part of a deal that will help the bankrupt retailer avoid liquidation.

Why it matters: The deal could save upwards of 70,000 jobs.

Trump agrees to TikTok deal "in concept"

Illustration: Sarah Grillo/Axios

President Trump on Saturday said he approved "in concept" a deal whereby TikTok will be allowed to continue operating in the U.S., with Oracle as its "trusted technology partner."

Why it matters: TikTok has nearly 100 million U.S. users, and is still growing fast. Trump has threatened to ban it, due to data privacy concerns related to TikTok's ownership by Chinese tech company

Updated 58 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 6:15 p.m. ET: 30,611,684 — Total deaths: 953,820— Total recoveries: 20,836,867Map.
  2. U.S.: Total confirmed cases as of 6:15 p.m. ET: 6,756,781 — Total deaths: 199,090 — Total recoveries: 2,556,465 — Total tests: 93,150,052Map.
  3. Politics: In reversal, CDC again recommends coronavirus testing for asymptomatic people.
  4. Health: The dwindling chances of eliminating COVID-19.
  5. World: Guatemalan president tests positive for COVID-19 — The countries painting their pandemic recoveries green.