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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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Scientists develop novel techniques to help stop human-elephant conflict in Thailand

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Scientists develop novel techniques to help stop human-elephant conflict in Thailand – CBS News


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Decades of deforestation and overdevelopment in Thailand have led to human-elephant conflict, sometimes with deadly consequences. Now, scientists may have a solution after studying elephant behavior.

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Boeing whistleblowers reveal years of concerns over airplane parts | 60 Minutes

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Boeing whistleblowers reveal years of concerns over airplane parts | 60 Minutes – CBS News


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A whistleblower says he was not surprised when a panel on a Boeing airplane blew off in the Oregon sky.

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Crypto cash flooded the election. Here’s why and the impact it may have | 60 Minutes

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Crypto cash flooded the election. Here’s why and the impact it may have | 60 Minutes – CBS News


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The price of Bitcoin hit record highs after President-elect Donald Trump’s win. Ripple CEO Brad Garlinghouse explains why the crypto industry poured millions into super PACs ahead of the election.

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