Viridor's energy recovery facilities in Runcorn, United Kingdom, in 2019. Photo: Christopher Furlong/Getty Images

KKR agreed to buy Viridor, the waste management unit of British utility Pennon Group for £4.2 billion ($4.9 billion), including assumed debt.

Why it matters: It's the largest post-coronavirus buyout so far. For KKR, comfort came from the fact that Viridor has long-term contracts with government agencies. For Viridor, which reportedly had higher offers from strategics, comfort came from the fact that the deal value isn't subject to the buyer's share price.

The bottom line: "Viridor, which has 1,200 employees, operates recycling, energy-from-waste and landfill facilities, and runs a waste collection service. It has been for sale since September when the company announced a strategic review." — The Financial Times

Go deeper: Trash is a good sign for the economy

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Pompeo: Trump administration is "looking at" TikTok ban

Secretary of State Mike Pompeo told Fox News' Laura Ingraham on Monday that the Trump administration is "looking at" a ban on Chinese social media app TikTok.

Why it matters: Lawmakers have long expressed fears that the Chinese government could use TikTok to harvest reams of data from Americans — and actions against the app have recently accelerated worldwide, highlighted by India's ban.

"Hamilton" is a streaming hit for Disney+

Data: Google Trends; Chart: Andrew Witherspoon/Axios

The debut of "Hamilton" on Disney+ last Friday sent downloads of the app soaring over the weekend.

Why it matters: With theaters closed until 2021, "Hamilton" is the biggest litmus test for whether Broadway will ever be able to successfully transition some of its iconic hits.

Wall Street is no longer betting on Trump

Illustration: Sarah Grillo/Axios

Betting markets have turned decisively toward an expected victory for Joe Biden in November — and asset managers at major investment banks are preparing for not only a Biden win, but potentially a Democratic sweep of the Senate and House too.

Why it matters: Wall Street had its chips on a Trump win until recently — even in the midst of the coronavirus-induced recession and Biden's rise in the polls.