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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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12/9: The Daily Report – CBS News

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12/9: The Daily Report – CBS News


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Lindsey Reiser reports on a breakthrough in the search for the killer of UnitedHealthcare’s CEO, the state of Syria following the ousting of a decades-long regime, and the effects of microdosing weight loss drugs like Ozempic.

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Person of interest in UnitedHealthcare CEO killing in custody, police say

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Person of interest in UnitedHealthcare CEO killing in custody, police say – CBS News


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A man arrested in Pennsylvania is being questioned in connection with the murder of UnitedHealthcare CEO Brian Thompson in New York City, according to police. Luigi Mangione, 26, was spotted at a McDonald’s by someone who’d seen photos of the person of interest in the case. Lilia Luciano reports.

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Trump administration picks on Capitol Hill courting Senate votes

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Two key Republican senators, Joni Ernst and Lindsey Graham, signaled they’re open to confirming Pete Hegseth as secretary of defense. Scott MacFarlane reports it was a busy day for several of Trump’s choices for top positions.

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