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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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Jeff Daniels on new season of “Alive and Well Enough”

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Jeff Daniels on new season of “Alive and Well Enough” – CBS News


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Emmy-winning actor and musician Jeff Daniels reflects on his life and career in the second season of his audio memoir.

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Boeing whistleblower expresses safety concerns at satellite factory in company’s space program

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Boeing whistleblower expresses safety concerns at satellite factory in company’s space program – CBS News


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Speaking out for the first time, a technician at the Boeing factory making military and commercial satellites alleges that the company is putting workers’ lives at risk. Craig Garriott said he’s raised between 300 and 400 safety violations with management in the last year. It comes as Boeing’s space program has suffered setbacks, including the company’s Starliner spacecraft returning to Earth without its astronauts in September.

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Supreme Court hears arguments over Tennessee law banning transition care for minors

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Supreme Court hears arguments over Tennessee law banning transition care for minors – CBS News


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Demonstrators rally as justices consider a Tennessee law prohibiting gender-affirming medical care for transgender minors. The outcome could have far-reaching implications for similar laws nationwide.

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