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Shizuo Kambayashi / AP

Toshiba Corp will be paying $2.168 billion through 2022 over two unfinished nuclear reactors in South Carolina that its Westinghouse subsidiary is building, per Reuters. It will pay up regardless of whether they're built or not, per the AP.

Why it matters: Toshiba and Westinghouse are able to walk away from the nuclear construction biz and Toshiba gets to shed its liability for the contracts, both of which sent it on the path to file for bankruptcy this March. (Note: the Georgia project, Vogtle, and the South Carolina plant were the first new nuclear projects in the U.S. for nearly 30 years.)

Context: Toshiba made a similar deal in June for $3.7 billion with regards to utilities with Southern Co. Toshiba might also be weighing bids for its flash memory chip unit.

Go deeper

Biden explains justification for Syria strike in letter to Congress

Photo: Chris Kleponis/CNP/Bloomberg via Getty Images

President Biden told congressional leadership in a letter Saturday that this week's airstrike against facilities in Syria linked to Iranian-backed militia groups was consistent with the U.S. right to self-defense.

Why it matters: Some Democrats, including Sens. Tim Kaine (D-Va.) and Chris Murphy (D-Conn.) and Rep. Ro Khanna (D-Calif.), have criticized the Biden administration for the strike and demanded a briefing.

9 hours ago - Health

FDA authorizes Johnson & Johnson's one-shot COVID-19 vaccine for emergency use

Photo: Illustration by Pavlo Gonchar/SOPA Images/LightRocket via Getty Images

The Food and Drug Administration on Saturday issued an emergency use authorization for Johnson & Johnson's one-shot coronavirus vaccine.

Why it matters: The authorization of a third coronavirus vaccine in the U.S. will help speed up the vaccine rollout across the country, especially since the J&J shot only requires one dose as opposed to Moderna and Pfizer-BioNTech's two-shot vaccines.

Updated 9 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Annelise Capossela/Axios

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