Bain Capital agreed to buy Chinese data center operator Chindata Group for $3.16 billion, beating out a rival bid from China Merchants Capital.
Why it matters: This suggests that U.S. private equity firms aren't too worried about an expansion of President Biden's executive order on outbound investment. Or that the Treasury Department will take a liberal view of what it means to be a company operating in the AI sector.
Canada's military was deployed to help fight massive wildfires in the country's Far North — where evacuation orders were issued for hundreds of people due to 233 blazes burning across 5.2 million acres in the region Sunday.
The big picture: Four firefighters have died responding to wildfires in Canada this year, which have razed some 33.4 million acres in the country's worst-ever fire season.
