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Illustration: Rebecca Zisser/Axios

Simon Property Group canceled Wednesday its $3.6 billion deal for rival shopping mall operator Taubman Centers.

Why it matters: This is one of several mergers agreed to before the coronavirus pandemic that have been scrapped due to pandemic-related performance problems. The spurned targets have often fought back — with a possible precedent-setting trial to occur next month between private equity firm Advent International and enterprise software company Forescout Technologies.

Go deeper

Dion Rabouin, author of Markets
Sep 10, 2020 - Economy & Business

Big companies can't lose with Fed money up for grabs

Illustration: Sarah Grillo/Axios

Business has entered its next evolution — the can't lose market — but only for large companies with access to public markets.

The state of play: Companies with enough size are starting to take advantage of the moment, and backed by a seemingly endless supply of free Fed money can go all-in on whatever they want.

Erica Pandey, author of @Work
43 mins ago - Economy & Business

The winners and losers of the pandemic holiday season

Illustration: Sarah Grillo/Axios

The pandemic has upended Thanksgiving and the shopping season that the holiday kicks off, creating a new crop of economic winners and losers.

The big picture: Just as it has exacerbated inequality in every other facet of American life, the coronavirus pandemic is deepening inequities in the business world, with the biggest and most powerful companies rapidly outpacing the smaller players.

Coronavirus cases rose 10% in the week before Thanksgiving

Expand chart
Data: The COVID Tracking Project, state health departments; Map: Andrew Witherspoon, Sara Wise/Axios

The daily rate of new coronavirus infections rose by about 10 percent in the final week before Thanksgiving, continuing a dismal trend that may get even worse in the weeks to come.

Why it matters: Travel and large holiday celebrations are most dangerous in places where the virus is spreading widely — and right now, that includes the entire U.S.