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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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Lara Trump steps down as RNC co-chair, addresses speculation about Florida Senate seat

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Lara Trump will step down as co-chair of the Republican National Committee as she considers a number of potential options with her father-in-law, President-elect Donald Trump, set to return to the White House.

Among those possibilities is replacing Florida Sen. Marco Rubio, whom Trump tapped to be the next secretary of state. If Rubio is confirmed, Florida Gov. Ron DeSantis will choose who takes the seat through the remainder of Rubio’s term, which expires in 2026.

“It is something I would seriously consider,” she told The Associated Press in an interview. “If I’m being completely transparent, I don’t know exactly what that would look like. And I certainly want to get all of the information possible if that is something that’s real for me. But yeah, I would 100% consider it.”

Elected as RNC co-chair in March, Lara Trump was a key player in the Republicans retaking the White House and control of the Senate while maintaining a narrow House majority. What she does next could shape Republican politics, given her elevated political profile and her ties to the incoming president.

The 2024 Republican National Convention
Lara Trump, co-chair of the Republican National Committee, speaks during the Republican National Convention.

Victor J. Blue/Bloomberg via Getty Images


The idea of placing a Trump family member in the Senate has been lauded in some Republican circles. Among the people pushing for her to replace Rubio is Maye Musk, mother of Tesla and SpaceX CEO Elon Musk.

“The Senate is an old man’s club. We desperately need a smart, young, outspoken woman who will reveal their secrets,” she posted on X. Lara Trump is 42.

Elon Musk, who was with Lara Trump on election night at Trump’s Mar-a-Lago estate in Florida, responded to his mother’s post: “Lara Trump is genuinely great.”

Led by chairman Michael Whatley and Lara Trump, the RNC invested heavily in recruiting roughly 230,000 volunteers and an army of lawyers for what it called its “election integrity” effort, four years after Donald Trump lost his reelection bid to Democrat Joe Biden, citing false or unproven theories about voter fraud. Outside groups such as Turning Point Action and Musk’s America PAC took a greater responsibility for advertising and get-out-the-vote efforts.

While Whatley will remain RNC chairman, Lara Trump said she felt she had accomplished her goals in the co-chair role.

“With that big win, I kind of feel like my time is up,” she said. “What I intended to do has been done.”

Lara Trump praised Musk’s new endeavor, the Department of Government Efficiency, or DOGE, a nongovernmental task force headed by Musk and and fellow entrepreneur Vivek Ramaswamy. They’ve been tapped to fire federal workers, cut programs and slash federal regulations as part of Trump’s “Save America” agenda for his second term.

“I really don’t think we’ve seen movement like this in our federal government since our country’s founding in many ways,” she said. “And I think if they are successful in what they plan to do, I think it is going to be transformative to America in a great way.”

She said she expects a different presidency this time, beginning with the structure of the administration: While Trump’s daughter Ivanka and son-in-law Jared Kushner served as White House advisers in his last administration, Lara Trump said she doesn’t see any family member taking any position in the White House this time around with her father-in-law.

“He really wants to get in there and do a good job for the four years, and that’s all he wants to serve,” she said. “Four years, and he’s out.”

Lara Trump also says she expects the Republican Party to be more unified than it has ever been. When she became co-chair in May, the Trump campaign and the RNC merged, with staffers fired and positions restructured. She said the result could spell trouble for GOP lawmakers who do not agree with Trump’s agenda.

“The whole party has totally shifted and totally changed,” she said. “I think people are feeling a little more bold in coming out with their political views.”



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Juan Soto to join Mets on record 15-year, $765 million deal, reports say

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Yankees have work to do if they plan on re-signing Juan Soto


Yankees have work to do if they plan on re-signing Juan Soto

01:27

NEW YORK — Juan Soto, the four-time MLB All-Star outfielder, has agreed to a record 15-year, $765 million contract with the New York Mets, according to multiple reports.

The New York Yankees reportedly offered $760 million over 16 years. The Boston Red Sox, Toronto Blue Jays and Los Angeles Dodgers were also reportedly interested in signing Soto, the best free agent hitter on the market.

A five-time Silver Slugger, Soto hit a career-high 41 home runs and drove in 109 RBI for the Yankees in 2024, his only season in the Bronx after being acquired in a blockbuster seven-player trade with the San Diego Padres following the 2023 season.

Soto’s three-run home run in Game 5 of the 2024 ALCS ultimately clinched the Yankees’ 41st American League pennant. The Dodgers defeated the Yankees in the World Series in five games.

Soto debuted in 2018 with the Washington Nationals, where he became one of the most-feared power hitters in the majors. In about four and a half seasons with Washington, Soto totaled 119 home runs and an elite .538 slugging percentage. He was the cleanup hitter on the Nationals’ 2019 World Series championship team.

The Nationals sent Soto to San Diego in a deal before the 2022 trade deadline.



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12/8/2024: Boeing’s Whistleblowers; Big Crypto; A Tutor for Every Student; Thai Elephants

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12/8/2024: Boeing’s Whistleblowers; Big Crypto; A Tutor for Every Student; Thai Elephants – CBS News


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First, hear from Boeing whistleblowers on airplane concerns. Then, a look at how crypto cash is shaping politics. Plus, meet Khanmigo: the AI tutor for students. And, can science help end human-elephant conflict?

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