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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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How a New York chef made her restaurant both a dining destination and neighborhood spot

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How a New York chef made her restaurant both a dining destination and neighborhood spot – CBS News


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Suzanne Cupps spent 15 years working in some of the top kitchens of New York City, and now she’s finally leading her own. Cupps opened Lola’s in April. The restaurant uses impeccably sourced ingredients and surprising flavor combinations to make it a dining destination and local favorite. Dana Jacobson has more.

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Dominican Republic officials seize record-setting amount of cocaine, found hidden in bananas

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Meth, cocaine found in jalapeño paste shipment


Meth, cocaine found hidden in jalapeño paste shipment

00:22

Authorities in the Dominican Republic confiscated nearly 9.5 tons of cocaine from a banana shipment at the country’s most important seaport. 

The drugs were found nestled inside a shipment from Guatemala that had arrived at the Caucedo port in Santo Domingo, the nation’s capital, said Carlos Devers, a spokesman for the Dominican Republic’s Anti-Drug Agency. The shipment was bound for Belgium

The seized shipment, equivalent to around 19,000 pounds, is worth $250 million, officials said. 

Dominican Republic Drugs
Anti-drug police officers present packages of drugs seized, in Santo Domingo, Dominican Republic, Friday, Dec. 6, 2024.

Jose Adames / AP


Ten suspects have been detained, Devers said at a press conference. 

It’s yet another large seizure by the nation’s authorities. The country seized nearly 47 tons of drugs in 2024, including a 660-pound stash found on a boat in waters near Puerto Rico

Earlier this year, officials in Spain seized 13 tons of cocaine from a banana shipment. In February 2024, British authorities found more than 12,500 pounds of cocaine hidden in a shipment of bananas. Both of those discoveries also set records. 

Dominican Republic Drugs
Dominican anti-drug police officers present packages of drugs seized, in Santo Domingo, Dominican Republic, Friday, Dec. 6, 2024.

Jose Adames / AP


The Dominican Republic has long been considered a major drug transit point. Before this, the largest seizure on record was in 2006, when officials found more than 5,680 pounds, or nearly three tons, of cocaine at the Caucedo port. This seizure is more than triple that size. 



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President-elect Trump makes first overseas trip since election

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President-elect Trump makes first overseas trip since election – CBS News


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President-elect Donald Trump is making his first overseas trip since the election, joining world leaders for the reopening of the Notre Dame Cathedral, which was destroyed by fire. President Biden is not there, but first lady Jill Biden is in attendance.

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