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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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Extended interview: Pearl Jam – CBS News

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Extended interview: Pearl Jam – CBS News


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Pearl Jam’s Eddie Vedder and Jeff Ament sit down with “Sunday Morning” correspondent Anthony Mason to discuss their album, “Dark Matter,” their songwriting process, their aspirations as a band, and more.

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Watch: 2025 Golden Globes nominations revealed by Mindy Kaling and Morris Chestnut

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Watch: 2025 Golden Globes nominations revealed by Mindy Kaling and Morris Chestnut – CBS News


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Mindy Kaling and Morris Chestnut announced the 2025 Golden Globes nominations on Monday, unveiling 10 categories exclusively on “CBS Mornings.” Watch the full coverage.

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National security adviser Jake Sullivan on rebel takeover of Syria

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National security adviser Jake Sullivan on rebel takeover of Syria – CBS News


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President Biden is calling the toppling of Bashar al-Assad’s regime in Syria a “moment of historic opportunity.” His national security adviser, Jake Sullivan, spoke with “CBS Mornings” about this weekend’s developments.

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