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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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Appeals court upholds law that would ban TikTok in U.S.

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Appeals court upholds law that would ban TikTok in U.S. – CBS News


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A federal appeals court upheld a law that will ban TikTok in the U.S. in the coming months if its Chinese parent company doesn’t sell its stake in the app. Scott MacFarlane has more.

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Buffalo Bills rookie Ray Davis honors “Big Brother” mentor at game

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Buffalo Bills rookie Ray Davis honors “Big Brother” mentor at game – CBS News


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When Buffalo Bills rookie running back Ray Davis was a kid, a mentor from Big Brothers Big Sister helped provide stability in his life. Last weekend, Davis got the chance to give back with a pregame tribute on Sunday Night Football. Steve Hartman has the story.

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“CBS Evening News” headlines for Friday, Dec. 6, 2024

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“CBS Evening News” headlines for Friday, Dec. 6, 2024 – CBS News


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Here’s a look at the top stories making headlines on the “CBS Evening News with Norah O’Donnell.”

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