Giant us steel have fallen sharply, after President Biden weighed in to oppose a near 15 billion takeover of the firm by a japanese company. Us steel is based in pittsburgh, pennsylvania a key battleground in this years election. The takeover deal, agreed in december, has caused major controversy there. But any move to block it could raise tensions with japan a vital ally for the us as it tries to counter the growing power of china. From new york, erin delmore reports. President biden is taking a stand against a deal in the making. Us steel, an american company, is set to be bought by nippon steel, a japanese company. But President Biden says that us steel should stay in the us. L115 says that us steel should stay in the us in the us. Us steel the stronger in the us. Us steel the stronger america in the us. Us steel the stronger america is in the us. Us steel the| stronger america is made in the us. Us steel the stronger america is made here. The president praised the iconic 123 year o
Will be on oppenheimer to see if it collects the most gongs. Now on bbc news it is time for talking business. Hello, everybody. A very warm welcome to talking Business Weekly with me, aaron hazelhurst. Lets go and take a look at whats on the show. Translation people have been using cannabis for as long as you can remember for millennia. And nothing will stop them, no prohibition. And thats why they should be able to do it safely. Yep. The money in marijuana. Were going to take a look into the Big Business Of Cannabis as germany becomes the latest in a string of countries to legalize its use in the us alone, where 2a states allow its Recreational Use, that market is huge, nearly 40 billion. So im going to be discussing all of that with these two. There they are, the big boss of the body that monitors drugs and Drug Addiction across europe, who tells me theres been a huge rise in cannabis based drugs in recent decades. And a top exec at one of americas biggest cannabis retailers, which S
Our reporter ben king has the details. When drinkers gather at londons King Charles Pub this evening, there will be a new tax regime in place. Changes announced in March Come Into Effect today taxing stronger drinks more and weaker drinks less. At the same time, Alcohol Duties rise with inflation up by io. I . The result a complex series of changes. 12 sparkling wine will be i9p cheaper as higher rates for fizz are abolished. A can of pre mixed gin and tonic will be 5p cheaper. But a bottle of 12 still wine will rise 44p. A bottle of vodka up 76p and a bottle of 20 port up £1. 30. So among drinkers, there will be some winners and losers. But the wine and spirits industry, which sees many of its products hit with higher taxes, says customers will see higher prices and less choice. We have the biggest duty increase in almost 50 years at the same time as we have inflation rife and a cost of living crisis. On top of that, we have Raw Materials like glass that are increasing in price expon