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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

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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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Trump says Jan. 6 committee members “should go to jail”

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Trump says Jan. 6 committee members “should go to jail” – CBS News


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In a wide-ranging interview on NBC’s “Meet the Press,” President-elect Donald Trump said members of the House Jan. 6 committee “should go to jail.” CBS News chief election and campaign correspondent Robert Costa has more.

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Person of interest in UnitedHealthcare CEO killing arraigned, denied bail

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Person of interest in UnitedHealthcare CEO killing arraigned, denied bail – CBS News


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Luigi Mangione, a man arrested in Pennsylvania, is being questioned in connection with the murder of UnitedHealthcare CEO Brian Thompson in New York City. Mangione was arraigned in a Pennsylvania courtroom on separate charges and denied bail. CBS News’ Lilia Luciano and Anna Schecter have the latest.

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Some health experts warn against microdosing weight loss drugs

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Some health experts warn against microdosing weight loss drugs – CBS News


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The demand for weight loss drugs, like Ozempic and Wegovy, has skyrocketed in the past few years despite the high cost and unpleasant side effects for some people. The New York Times reports some patients are finding a way around both of these concerns by experimenting with microdosing the drugs. Dr. Jeremy Faust, emergency physician at Brigham and Women’s Hospital in Boston, joins CBS News to assess the safety and risks of the practice.

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