What insiders know 📶

Energy bundle: UK-listed Bridgepoint struck an £835 million acquisition of US infrastructure investor Energy Capital Partners, bringing approximately $20 billion of assets under Bridgepoint’s oversight.

The hoard: Institutional investors continue to pour cash into everything from power grids to toll to deliver predictable returns and guard against inflation.

Huge merge: Canadian pipeline operator Enbridge agreed to buy 3 utilities from Dominion Energy in a $9.4 billion deal to create North America’s largest natural gas provider.

Owning power: Hungary in discussions to purchase majority stake in Budapest Airport.

Drying up: US city of Chicago may suffer bus and rail-service cuts of 30% or more if state lawmakers don’t find new money to replace federal aid that’ll be drying up by 2026.

Health report: A survey from the Financial Times report that cases of cancer in people under 50 have surged almost 80% around the world over the past three decades.

The switch: China plans to expand its ban on the use of iPhones to state firms and agencies.

Big package: WestRock and Smurfit Kappa are in discussions to merge, potentially creating a packaging giant with a market value of approximately $20 billion.

2023 hurdle: A “shallow trade recession” is in store, according to Oxford Economics, which sees volumes dropping 1.5% this year before rebounding 2.3% in 2024.

Record low: China’s share of US goods imports fell to the lowest level since 2006 in the 12 months through July 2023, according to the US Census Bureau.

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