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 proposing raising the capital gains t
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
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
Anyway, we ll also meet the actors who say their voices have been manipulated by ai. This is formula student, a world series of events that took place this summer, featuring electric cars built by teams of students from 100 universities across the globe. On tracks throughout europe, the cars competed in disciplines including autocross, racing through formula i like twists and turns as fast as possible. . . . . An endurance trial through more than 20km of track to push the limits of battery management. . . . . A test of grip and downforce by. . . Basically going round in a circle as fast as possible and then there s acceleration. It s a drag race, basically, and it s this last challenge that one team, amz racing, absolutely blasted last year, going from 0 to 100km an hour in. . . Well, i ll let you know a bit later. Amz includes students from lucerne university of applied sciences and arts and eth zurich, and i dropped in on the team s swiss hq. And up here is the electronics departme
Let s turn our attention to us as well and talk about the us jobs data, that s out this friday. Will that have any impact on what the fed decides to do? we know they re meeting in a few weeks. We are looking at potentially the highest risk economic event of the year so far. Because what we have seen so far, august was unprecedented for some global markets volatility and one of the catalysts behind this was concerns that us economic momentum after being very robust and resilient for the past 18 months or so is showing signs that those rocks are falling and the momentum is falling with it. We do expect the fed, the us central bank, to cut interest rate this month but what s concerning is that fed policy makers have had a poker face of not giving too much away until recently. We had a weak economic data release for the monthly jobs report in august and we have also seen a data revision where up to 850,000 jobs were potentially overestimated between april of last year and march of this yea