Illustration: Aïda Amer/Axios

Genesee & Wyoming (NYSE: GWR), a Darien, Conn.-based freight railroad owner and leasor with a market cap of nearly $5 billion, is considering a sale of all or part of itself, per Bloomberg. Potential suitors include Brookfield Asset Management.

Why it matters: This reflects how railroads have been winning back market share from trucking companies, which have been stymied by driver shortages and new driver regulations, plus the glut of capital raised for infrastructure funds (i.e., prospective buyers).

  • Pricing: The company's stock is up 16.9% so far in 2019, although over half of that came after yesterday's Bloomberg report. That said, it remains below trading levels from just last fall.

The bottom line: "Genesee & Wyoming has a history of deals with private investors. In 2012, Carlyle Group LP agreed to invest as much as $800 million in the company to enable it to acquire RailAmerica. In 2016, Genesee & Wyoming bought Glencore Rail and concurrently sold a 49 percent stake in that business to ... Macquarie Infrastructure." — Gillian Tan & Scott Deveau, Bloomberg

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Ohio Gov. Mike DeWine tests negative for coronavirus after positive result

Photo: Justin Merriman/Getty Images

Ohio Gov. Mike DeWine (R) tested negative for the coronavirus after initially testing positive earlier Thursday, his office announced.

Why it matters: 73-year-old DeWine was set to meet President Trump Thursday on the tarmac at an airport in Cleveland and was tested as part of standard protocol. He is the second governor known to have contracted the coronavirus, after Oklahoma Gov. Kevin Stitt (R).

Updated 11 mins ago - Politics & Policy

Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

  1. Global: Total confirmed cases as of 9:30 p.m. ET: 18,996,008 — Total deaths: 712,476— Total recoveries — 11,478,835Map.
  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 4,877,115 — Total deaths: 159,990 — Total recoveries: 1,598,624 — Total tests: 59,652,675Map.
  3. Politics: Pelosi rips GOP over stimulus negotiations: "Perhaps you mistook them for somebody who gives a damn" — Ohio Gov. Mike DeWine tests positive.
  4. Public health: Majority of Americans say states reopened too quicklyFauci says task force will examine aerosolized spread Study finds COVID-19 antibodies prevalent in NYC health care workers.
  5. Business: The health care sector imploded in Q2More farmers are declaring bankruptcyJuly's jobs report could be an inflection point for the recovery.
  6. Sports: Where college football's biggest conferences stand on playing.

Trump issues order banning TikTok if not sold within 45 days

Illustration: Aïda Amer/Axios

Americans and U.S. companies will be banned from making transactions with ByteDance, the Chinese owner of TikTok, in 45 days, according to a new executive order President Trump issued Thursday evening.

The big picture: Last week Trump announced his intention to ban TikTok but said he'd leave a 45-day period for Microsoft or other U.S.-based suitors to try to close a deal to acquire the popular video-sharing app.