Photo by Brian Ach/WireImage via Getty Images.

Carl Icahn has amassed a stake in VMware, the cloud computing and virtualization software company majority-owned by Dell Technologies, according to CNBC. The position is below 5%, thus not triggering reporting requirements.

Why it's a big deal: Because Icahn is no stranger to throwing a monkey wrench into Michael Dell's plans.

No word yet on his intentions for VMWare, but in 2013 he engaged in a contentious (and ultimately unsuccessful) battle to stop Dell from taking his eponymous company private.

Bottom line, via CNBC's Alex Sherman: "Dell is considering a reverse-merger with VMware, where Dell and its tracker stock, DVMT, would be rolled into one publicly-traded company... A deal remains tricky because VMware shareholders will need to be convinced a transaction is in the company's best interest."

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Biden's China plan: Bring allies

Sarah Grillo/Axios. Photo: Drew Angerer/Getty Images

Joe Biden is planning to confront China across the globe, embracing some of President Trump's goals but rejecting his means.

The big picture: By starting a trade war with China, Trump has fundamentally altered the U.S.- China relationship — and forced both Republicans and Democrats to accept a more confrontational approach towards Beijing.

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Illustration: Sarah Grillo/Axios

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In pictures: Storm Zeta churns inland after lashing Louisiana

Debris on the streets as then-Hurricane Zeta passes over in Arabi, Louisiana, on Oct. 28. It's the third hurricane to hit Louisiana in about two months, after Laura and Delta. Photo: Sandy Huffaker/Getty Images

Tropical Storm Zeta has killed at least two people, triggered flooding, downed powerlines and caused widespread outages since making landfall in Louisiana as a Category 2 hurricane on Wednesday.

The big picture: A record 11 named storms have made landfall in the U.S. this year. Zeta is the fifth named storm to do so in Louisiana in 2020, the most ever recorded. It weakened t0 a tropical storm early Thursday, as it continued to lash parts of Alabama and the Florida Panhandle with heavy rains and strong winds.