Business
Nippon Buying US Steel for $14.1 Billion
Nippon Steel Corp. will buy United States Steel Corp. for $14.1 billion to create the world’s second-largest steel company and the biggest outside of China with a key role in supplying American manufacturers and automakers. US Steel rejected a $7.25 billion offer from rival Cleveland-Cliffs in August. Bloomberg’s Simone Foxman reports.
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Business
Yardeni Says Inflation, Fed Back in Play on Iran Crisis
Ed Yardeni, president of Yardeni Research, says the flare-up of fighting with Iran rekindles market concern that rising oil prices will stoke inflation — and force the Federal Reserve to hike interest rates. He speaks on Bloomberg Television’s “Surveillance.”
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Business
Trump Says US Will Give Ukraine License to Make Patriot Missiles
President Donald Trump, speaking at the NATO Summit in Ankara, Turkey, says the US plans to give Ukraine a license to make their own air defense Patriot missiles. During a meeting with Ukraine President Volodymyr Zelenskyy, Trump says it’s very complex, but we’ll “show them how to do it.”
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Business
Ukraine Seeks Faster Patriot Production
Axios defense reporter Colin Demarest says President Donald Trump’s proposal to let Ukraine produce Patriot interceptors faces significant manufacturing, licensing and technology hurdles, making it unlikely to address Kyiv’s immediate air defense needs. He says shortages of advanced interceptors continue to raise broader questions about defense industrial capacity, while Ukraine’s rapid innovation in drones is reshaping how allies think about modern warfare.
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Business
Paramount-Warner Bros. Deal Challenged by California, States
A group of 12 states sued Paramount Skydance Corp. Monday seeking to block its $110 billion bid to buy Warner Bros. Discovery Inc., alleging the blockbuster Hollywood deal would leave viewers with higher prices and fewer choices for movies and television. Jennifer Rie, Bloomberg Intelligence Senior Litigation Analyst for Antitrust joins Bloomberg Businessweek Daily to discuss.
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Makary on FDA’s rollback of hormone replacement therapy warnings #shorts #fda #hrt #womenshealth
Dr. Marty Makary, former FDA Commissioner, explains the decision behind the FDA’s rollback of long-standing warnings on hormone replacement therapy. On Wall Street Week we look at the $360 billion women’s health market, Wall Street’s investment in menopause and the challenges of distinguishing evidence-based care from marketing hype https://bloom.bg/3EMZYZX
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@mitsuyamaeda-sub
December 29, 2023 at 1:49 am
The acquisition of US Steel by Nippon Steel would be too burdensome for Japan, as it would put Japan directly involved in America's military industry.
@joetriolo9161
December 29, 2023 at 1:49 am
Corporate greed never takes a holiday. Oh boy, look at the stock price…forget the national security implications and screw the workers…this is shameful and is also a big test for "Union Joe" to step up and walk the walk. If this admin allows this deal to go forward it shows their contempt for their constituents and is a wake-up call to working people telling them you don't matter to them but, hey, Orange Man Bad so step into that voting booth and vote blue. Not.
@boxscorewatcher413
December 29, 2023 at 1:49 am
America getting rekt
@itsabar
December 29, 2023 at 1:49 am
lyers they’re all lyers
@overeasy4175
December 29, 2023 at 1:49 am
"Go Green" politicians made it impossible to make steel with coal in America. Now when outside countries by up those American companies, just for their technologies. Those same exact "go green" politicians run out to a camera to show outrage.
@atkim122
December 29, 2023 at 1:49 am
Nippon: "Michael, we're bigger than US Steel."
@trent7698
December 29, 2023 at 1:49 am
Japan is our ally and they are better that Chinese CCP
@matthewsmith988
December 29, 2023 at 1:49 am
The United States is for sale. It's a global economy. The higher ups already have homes in other countries. They do not care about the future or the past of the United States.
@johnchieze530
December 29, 2023 at 1:49 am
the ultimate job of the ceo and board of directors is to enhance shareholder value, not produce jobs or increase wages which is the responsibility of the fed. in the past 2 years i've watched my holdings of u.s. steel climb from $5/share to $49 -yowzah! pray that the current occupant of the white house okays this, but i can't wait for trump to re-take the helm in 2025
@danielcadnum7214
December 29, 2023 at 1:49 am
What about national security? Isn’t US Steel one of the last US owned steel companies? How things have changed in a century. Those mills built the WWII steel used in the ships to defeat Japan. Amazing 😮
@33Treez
December 29, 2023 at 1:49 am
Myro on Solana!!
@33Treez
December 29, 2023 at 1:49 am
CryptoXr France… Ecomi $OMI what's the famous quote??? "get in early"??
@mopthermopther
December 29, 2023 at 1:49 am
This is a big deal.
@RWROW
December 29, 2023 at 1:49 am
Sounds like the end of an era.