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.

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Coronavirus dashboard

Illustration: Eniola Odetunde/Axios

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  2. U.S.: Total confirmed cases as of 9:30 p.m. ET: 4,818,228 — Total deaths: 157,930 — Total recoveries: 1,576,425 — Total tests: 58,903,657Map.
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  5. States: Virginia launches contact tracing app using specs from Apple and Google.
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Facebook, Twitter take down Trump post saying kids are immune to coronavirus

Photo: NurPhoto/Getty Images

Facebook removed a video post from President Trump Wednesday in which he claimed in an interview with Fox News that children are "almost immune" to COVID-19.

Why it matters: It’s the first time that Facebook has removed content from Trump's account for violating policies on coronavirus-related misinformation.

Updated 2 hours ago - Politics & Policy

Trump campaign outraises Biden's by $20 million in July

Combination images of President Trump and former Vice President Joe Biden. Photo: Alex Wong/Getty Images/Mark Makela/Getty Images

President Trump's re-election campaign and the Republican National Committee announced on Wednesday they collectively raised $165 million in July.

Why it matters: With 90 days until the election, Trump and the RNC outpaced the Biden campaign, the Democratic National Committee and their joint fundraising committees, who announced earlier Wednesday that they raised $140 million last month.