(Bloomberg) -- German billionaire Mathias Döpfner and KKR are nearing a deal to split up the media giant Axel Springer, according to people with knowledge of the matter. Most Read from BloombergHousing’s Worst Crisis in Decades Reverberates Through 2024 RaceAn Affordable Nomadic Home Design Struggles to Adapt to Urban LifeUS Driving and Congestion Rates Are Higher Than EverA City Finds Success Using 'Trees as Medicine'The Hague Is World’s First City to Ban Oil and Air Travel AdsThe parties could
Nearly a fifth of crude oil production and 28% of natural gas output in U.S. Gulf of Mexico federal waters remains offline in the aftermath of Hurricane Francine, the U.S. offshore energy regulator said on Sunday. Francine marched through prime offshore oil and natural gas producing areas and hit Louisiana as a Category 2 hurricane on Wednesday. The storm toppled trees, flooded coastal areas and cut power in four southern states.
Lawyers for the US Justice Department, TikTok, and a group of the platform’s users are scheduled to argue in court on Monday over a US law outlawing Chinese ownership of the app.
