Nippon steel s $14 billion bid to acquire united states steel has been caught in the cross hairs of an election year and in the crucial swing state of pennsylvania where us steel is based. Us presidentjoe biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain domestically owned and run. Presidential nominees kamala harris and donald trump have also both committed to keep us steel american, though any move to block the deal could potentially be subject to litigation. Proponents of nippon steel s bid say the us shouldn t reject a bid from a company based in an allied country such as japan, especially one that could create an entity with the scale to compete with china. If the deal is successfully blocked, the fate of us steel is unclear. The company warned that it would imperil thousands ofjobs if the deal falls through. It may also close plants and even move its headquarters out of pittsburgh. Meanwhile, vice president kamala harris is propos
People have been killed and nine others injured in a shooting at a school in georgia, 50 miles north east of atlanta. Police have named a m year old, colt gray, as being the suspect of killing two of his fellow students, and two teachers, at apalachee high school. One eyewitness who lives across from the school described what he saw. Crazy, like it, it looked like. I didn t really pay attention at first, i was like those sound like they were at school, and i look over and the alarm started going off. The school alarms and people were going out around the school. Like, they were doing like the drill, the fire drill stuff. I knew something was seriously wrong then. You don t hear about that happening. You hear about it happening all around the world, but it shows that it can happen anywhere, you know? the local sheriff, jud smith, spoke at a news conference earlier about how the incident will not break the town. I was born and raised here. I went to school in this school system. My kids
That israel maintain a military presence in the philadelphi corridor. That s a small buffer zone between gaza and egypt s sinai desert. Mr netanyahu said israel is committed to destroying hamas and bringing the hostages home. He warned of the potential consequences should israel relieve its military pressure on hamas. Our middle east regional editor mike thomson has more on the prime minister s comments from jerusalem. Tonight, benjamin netanyahu double down on his insistence that israeli troops will not be withdrawn from the philadelphia corridor. That is the strip of land separating southern gaza from egypt. Is that it is absolutely vital that they stay that to stop hamas smuggling weapons from egypt into gaza. He said, if we let this happen, we could have another october the seventh all over again. Interestingly though, he had talked in the past about not moving for at least 42 years. This evening he was referring to 42 days early so they may be some wriggle room there. But he has s
Of cracking the uk market. Live from London, This is business today. It This is business today. IS Packed. Im saLLy bundock. This is business today. Lets get going. We start with AL Chip maker nvidia. Its Record Rise to one of the worLds most vaLuabLe companies has wowed WaLL Street. Now, its breaking records again, but not in the way it wanted. On tuesday, nvidia Lost the most Stock Market VaLue in a day of any company in us history aS Part of a steep seLL off that Hit Tech shareS ParticuLarLy hard. Nvidia continued to faLL after hours as bLoomberg reported that it has received subpoenas from the Department Ofjustice, which is investigating whether it has been abusing its dominance of the market for AL Chips. Lets just show you the numbers because they are pretty staggering. ALmost 279 BiLLIon that was the amount wiped off the vaLue of nvidia over the course of the trading day. It adds to Losses Last week after the companys forecasts disappointed investors. Nvidia has been the corners
Nippon steels 14 Billion bid to acquire united States Steel has been caught in the cross hairs of an Election Year and in the crucial Swing State of pennsylvania where Us Steel is based. Us president Joe Biden has long pledged that the iconic american company, headquartered in pittsburgh, should remain domestically owned and run. Presidential nominees Kamala Harris and Donald Trump have also both committed to keep Us Steel american, though any move to block the deal could potentially be subject to litigation. Proponents of Nippon Steels bid say the us shouldnt reject a bid from a company based in an allied country such as japan, especially one that could create an entity with the scale to compete with china. If the deal is successfully blocked, the fate of Us Steel is unclear. 1 Million or more to 28 instead of president biden s 39. 6 proposal. The Vice President told supporters in New Hampshire she would also push for a 50,000 Tax Deduction for new small businesses which would be a ma