Connect with us

CBS News

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

Avatar

Published

on


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.



Read the original article

Leave your vote

CBS News

Could Kari Lake become Trump’s ambassador to Mexico?

Avatar

Published

on


Could Kari Lake become Trump’s ambassador to Mexico? – CBS News


Watch CBS News



Kari Lake, a two-time unsuccessful candidate for statewide office in Arizona, is a leading contender to be President-elect Donald Trump’s pick for ambassador to Mexico, according to a new report from Semafor. Shelby Talcott, a politics reporter for Semafor who wrote the article, and Laura Davison, politics editor for Bloomberg, join “America Decides” to discuss.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

Lawmakers race to avert government shutdown with deadline nearing

Avatar

Published

on


Lawmakers race to avert government shutdown with deadline nearing – CBS News


Watch CBS News



Congress only has 10 days left to figure out government funding before the shutdown deadline. CBS News congressional correspondent Nikole Killion explains why House Speaker Mike Johnson will almost certainly have to lean on Democrats to keep the lights on.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

CBS News

How mass deportations could devastate the U.S. economy

Avatar

Published

on


How mass deportations could devastate the U.S. economy – CBS News


Watch CBS News



President-elect Donald Trump plans to deport up to 11 million undocumented immigrants. But how much will it cost? Jeremy Robbins, executive director for the American Immigration Council, joins “America Decides” to look at the impact many say will go far beyond the billions needed just to carry out the removals.

Be the first to know

Get browser notifications for breaking news, live events, and exclusive reporting.




Read the original article

Leave your vote

Continue Reading

Copyright © 2024 Breaking MN

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.