Illustration: Aïda Amer/Axios

All significant merger-and-acquisition transactions require regulatory approval — and a new regulator just got to town.

Why it matters: We're in a tit-for-tat trade war, which means that any action the U.S. takes against China is going to be reciprocated by a similar action taken by China against America. That includes regulatory actions.

Driving the news: The auction for TikTok began when U.S. regulators forced China's ByteDance to sell any operations in the United States.

  • Soon enough, China stepped in to scuttle a potential deal with Microsoft, saying that ByteDance was not allowed to sell the TikTok algorithm to an American company.
  • China also has concerns about America's Nvidia buying the U.K.'s Arm Holdings from Japan's SoftBank. The Chinese press has started reporting that Chinese regulators might seek to block the deal, which, although it has no Chinese component, could have a significant effect on Chinese electronics manufacturers.

The bottom line: Few companies would want to unnecessarily antagonize China by entering into a deal that the Chinese government opposes. That gives Chinese regulators real power. And they're starting to use it.

Go deeper

Ben Geman, author of Generate
Oct 20, 2020 - Energy & Environment

Sizing up China's 2060 plan

Illustration: Sarah Grillo/Axios

China's vow to reach carbon neutrality by 2060 is starting to produce some helpful analyses of how the world's largest greenhouse gas emitter might actually get there.

Why it matters: The plan seems to be achievable, in theory, but the numbers around the needed expansion of carbon-free power, industrial fuels and vehicles are pretty wild.

Updated 13 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Politics: Axios-Ipsos poll: Federal response has only gotten worse. The swing states where the pandemic is raging.
  2. Health: The coronavirus is starting to crush some hospitals. 13 states set single-day case records last week.
  3. Business: Where stimulus is needed most.
  4. Education: The dangerous instability of school re-openings.
  5. States: Nearly two dozen Minnesota COVID cases traced to 3 Trump campaign events
  6. World: Unrest in Italy as restrictions grow across Europe.
  7. Media: Fox News president and several hosts advised to quarantine.
Caitlin Owens, author of Vitals
2 hours ago - Health

The coronavirus is starting to crush some hospitals

Illustration: Aïda Amer/Axios

Some states are seeing dangerous levels of coronavirus hospitalizations, with hospitals warning that they could soon become overwhelmed if no action is taken to slow the spread.

Why it matters: Patients can only receive good care if there's enough care to go around — which is one reason why the death rate was so much higher in the spring, some experts say.