Photo: Bandar Algaloud via Getty Images

Let's call it: Neither SoftBank nor Saudi Arabia will face any significant U.S. investment losses over the murder of journalist Jamal Khashoggi.

Driving the news: Axios has learned from multiple sources that San Francisco-based freight logistics startup Flexport is in talks to raise around $500 million in a SoftBank-led deal. One source puts the pre-money price talk at around $3 billion (another dissents), which could mean the final investment is smaller if either side becomes concerned about CFIUS approvals (which I'd think they would). [Update: A source closer to the situation puts the pre-money closer to $2 billion]

  • Last week, Silicon Valley-based robotic delivery vehicle-maker Nuro raised $940 million from SoftBank Vision Fund.
  • The Saudi sovereign wealth fund is now so confident that it's planning to open investment offices in U.S. cities like New York and San Francisco.

Between the lines: Just to make it crystal clear, Colony Capital CEO Tom Barrack yesterday joked about the murder from a conference stage in Dubai, arguing that U.S. concerns were a "misunderstanding" about the rule of law in Saudi Arabia. Unclear if Barrack realizes that Khashoggi was killed in Turkey.

Flashback ... The companies who have backed away from Saudi business over Khashoggi

Go deeper

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 11:30 p.m. ET: 30,674,077 — Total deaths: 955,440— Total recoveries: 20,908,811Map.
  2. U.S.: Total confirmed cases as of 11:30 p.m. ET: 6,764,803 — Total deaths: 199,258 — Total recoveries: 2,577,446 — Total tests: 94,211,463Map.
  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.
Updated 5 hours ago - Technology

Trump agrees to TikTok deal

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 6 hours ago - Politics & Policy

Trump says Supreme Court nominee "will be a woman"

President Trump speaking prior to his departure from the White House on Sept. 19. Photo: Sarah Silbiger/Getty Images

President Trump said during a Fayetteville, North Carolina, rally Saturday he'll announce a nominee for Justice Ruth Bader Ginsburg's vacant Supreme Court seat "next week" and "it will be a woman."

Details: Trump told reporters earlier, "The choice of a woman, I would say, would certainly be appropriate."