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Cooling towers, right, and nuclear reactor containment buildings area, left, at Plant Vogtle Nuclear Power Plant in Waynesboro, Ga. Photo: John Bazemore / AP

Westinghouse is negotiating with other U.S.-based companies to make a group bid worth about $12 billion for nuclear power reactors in Saudi Arabia, according to Reuters, which cited three industry sources.

Big picture: The U.S. would be signaling it still has skin in the game if the bid goes through, especially since the group of industry leaders involved in nuclear reactor construction is so small.

Context: Westinghouse filed for bankruptcy earlier this year and U.S. utilities abandoned two Westinghouse reactors, so this group deal is a big move for the Toshiba-owned company. Toshiba is looking for a buyer for Westinghouse.

Who's involved: One industry source said Bechtel Corp. was involved in talks, another said Exelon was.

  • Russian and South Korean companies have already expressed interest in bidding on the reactors in Saudi Arabia.

Go deeper

Ina Fried, author of Login
36 mins ago - Technology

Google's parent shuts down effort to deliver internet via balloons

Image: Loon

Alphabet is shutting down Loon, one of its "moonshots," which aimed to deliver internet service via high-altitude balloons.

Why it matters: The effort was one of several approaches designed to get high-speed connectivity to some of the world's most remote spots and proved useful in the aftermath of disasters that shut down traditional infrastructure.

Dave Lawler, author of World
52 mins ago - World

What has and hasn't changed as Biden takes over U.S. foreign policy

Photo Illustration: Brendan Lynch/Axios. Photo: Chip Somodevilla/Getty Images

President Biden swiftly recommitted the U.S. to the Paris climate pact and the World Health Organization, but America's broader foreign policy is in a state of flux between the Trump and Biden eras.

Driving the news: One of the most striking moves from the Biden administration thus far was a show of continuity — concurring with the Trump administration's last-minute determination that China had committed "genocide" against Uyghur Muslims.

Updated 2 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Health: New coronavirus cases down, but more bad news ahead — Fighting COVID-19's effects on gender equality.
  2. Politics: Biden unveils "wartime" COVID strategyBiden's COVID-19 bubble.
  3. Vaccine: NYC postpones vaccine appointments following shipment delays — Private companies step in to fill vaccine logistics vacuum.
  4. World: Biden will order U.S. to rejoin World Health OrganizationBiden to bring U.S. into global COVAX initiative for equitable vaccine access.