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. 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 Ta
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. 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
To Mr Netanyahus Demand that israel maintain a Military Presence in the Philadelphi Corridor. Thats a small Buffer Zone between gaza and egypts 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 ministers comments from jerusalem. Tonight, Mr Netanyahu doubled down on his insistence that israeli troops will not be withdrawn from the Philadelphi Corridor. That is the strip of land that separates Southern Gaza from egypt. He said it is absolutely vital that they stay there to stop hamas Smuggling Weapons from egypt into gaza. He said, if we let this happen, we could have another October The 7th all over again. Interestingly though, he had talked in the past about them not moving for at least 42 years. This evening he was referring to 42 days only, so there may be some Wriggle Ro
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
Will see whether they make the boat turned around and go back to france or what will happen. It follows on from the deaths of 12 people including a number of 12 people including a number of children and pregnant woman in the English Channel yesterday. So the french Coastguard Vessel right beside that small boat now. And they do keep sending, the people smugglers, people across. And people are desperate to make the journey. People are desperate to make thejourney. So people are desperate to make the journey. So these people are desperate to make thejourney. So these pictures off the coast of france and we will keep a night on that situation. Now moving on to Ukraine And Russia has mounted another attack in the country a day after 51 people were killed in a city. Air defences over the capital try to bring down russian missiles. The ukrainian military said the whole country had been placed under air alert. These are some of the latest pictures we have had. The Citys Mayor says many buildi