Big Banks Ditch Climate Coalition

WSJ What’s News

The Wall Street Journal

News, Daily News

4.1 • 4.2K Ratings

🗓️ 3 January 2025

⏱️ 12 minutes

🔗️ Recording | iTunes | RSS

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Summary

A.M. Edition for Jan. 3. More U.S. lenders withdraw from an ambitious emissions-cutting effort in the latest evidence of corporate America’s pullback from ESG initiatives. Plus, Boeing conducts more surprise quality checks in its factories as it tries to shore up its manufacturing. And the WSJ’s Dov Lieber breaks down a deadly power struggle in the West Bank that could have implications for who governs post-war Gaza. Luke Vargas hosts. Sign up for the WSJ’s free What’s News newsletter. Learn more about your ad choices. Visit megaphone.fm/adchoices

Transcript

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0:00.0	This Sunday, old rivals go head to head as Liverpool take on Manchester United at Anfield.
0:07.4	Can you believe it?
0:09.2	And you can stream it live on Sky Sports, available with no contract on now.
0:14.9	Absolutely brilliant.
0:16.8	Stream Liverpool versus Manchester United, live this Sunday from 4.30 p.m. head to nowTV.com.
0:26.1	18 plus sky sports content streamed via internet. Full turns apply.
0:33.3	U.S. Steel shares tumble pre-market on reports that Nippon Steel's takeover bid
0:38.5	is set to be blocked by President Biden.
0:41.3	Plus, America's big banks head for the exits of a climate coalition
0:45.2	meant to reduce carbon emissions.
0:47.2	And a West Bank power struggle turns deadly as the Palestinian Authority
0:52.3	battles Hamas militants and their allies.
0:55.2	So the PA is making a very risky move here.
0:58.7	If it succeeds, it may win back some legitimacy.
1:01.8	If it doesn't succeed and it kills civilians and it causes a lot of damage and nothing changes,
1:07.7	well, it could lose the legitimacy among Palestinians and it barely has today.
1:12.3	It's Friday, January 3rd. I'm Luke Vargas for the Wall Street Journal, and here is the AM edition
1:17.5	of What's News, the top headlines and business stories moving your world today.
1:25.6	Shares of U.S. steel are dropping sharply in off-hours trading this morning on media reports
1:31.3	that President Biden plans to block the company's takeover by Japan's Nippon Steel.
1:37.1	The Washington Post first reported Biden's planned decision, citing unnamed sources.
1:42.6	Both companies had been making last-ditch efforts to win over
	...

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