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U.S. Steel shares plummet amid questions over the fate of its merger with Nippon Steel

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Pittsburgh-area union members throw support behind Harris as she opposes sale of U.S. Steel


Pittsburgh-area union members throw support behind Harris as she opposes sale of U.S. Steel

02:45

U.S. Steel shares plunged on Wednesday as Wall Street questioned whether its $14.1 billion deal with Japan’s Nippon Steel is at risk of derailing.

Shares of U.S. Steel plunged as much as 25% in afternoon trading after the Washington Post reported President Joe Biden is preparing to formally block the proposed acquisition. As of 2:35 p.m., shares of U.S. Steel were down $7.12, or 20%, to $28.48. 

At an afternoon briefing, a White House official downplayed the Washington Post report, which cited three people familiar with the president’s plans. In a statement, the White House cited a process of review by the Committee on Foreign Investments in the United States, or CFIUS, a panel chaired by the Treasury Secretary. 

“CFIUS hasn’t transmitted a recommendation to the President, and that’s the next step in this process,” a White House official stated.

—This is a developing story and will be updated.



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New alarming Boeing whistleblower concerns

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New alarming Boeing whistleblower concerns – CBS News


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A Boeing worker is making new claims about potentially defective parts that he says appear to be missing. CBS MoneyWatch correspondent Kelly O’Grady breaks down the impact of the allegations.

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Man in Pennsylvania questioned in UnitedHealthcare CEO murder, police sources say

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Search continues for murder weapon in UnitedHealthcare CEO shooting


Search continues for murder weapon in UnitedHealthcare CEO shooting

02:48

NEW YORK — A man in Pennsylvania is being questioned in connection to the murder of UnitedHealthcare CEO Brian Thompson in New York City, police sources tell CBS News New York. 

A source close to the investigation said that a person of interest was being questioned about the murder after Pennsylvania authorities took him into custody on an unrelated incident in Altoona. 

The person was carrying a firearm similar to the one used in Thompson’s murder, the source said. 

This is breaking news. Please check for updates.

contributed to this report.



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Jay-Z denies rape allegations involving 13-year-old girl

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Jay-Z denies rape allegations involving 13-year-old girl – CBS News


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A civil suit filed in October now includes Jay-Z in the list of defendants. The music mogul, who has denied the allegations, is accused of raping a 13-year-old girl back in 2000. CBS News New York’s Allen Devlin reports.

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