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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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A Tutor For Every Student | Sunday on 60 Minutes

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A Tutor For Every Student | Sunday on 60 Minutes – CBS News


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Anderson Cooper experiences firsthand how AI-powered tutor Khanmigo could shape the future of education. Sunday on 60 Minutes.

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Details on gun used in UnitedHealthcare CEO shooting, suspect’s arrival in New York

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Details on gun used in UnitedHealthcare CEO shooting, suspect’s arrival in New York – CBS News


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New information is coming out about the suspect in the shooting of UnitedHealthcare CEO Brian Thompson, including the bus they took to New York City and the gun they used in the crime. CBS News’ Anna Schecter has more.

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Jurors deadlocked in Daniel Penny trial after 4 days of deliberations

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Jurors deadlocked in Daniel Penny trial after 4 days of deliberations – CBS News


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The jurors in Daniel Penny’s trial have told the judge in the case that they can’t come to a unanimous agreement on the second-degree manslaughter charge Penny faces. Penny is charged in the chokehold death of Jordan Neely aboard a subway last year. CBS News New York and CBS News contributor Jessica Levinson have the latest on the case.

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