Stop the steel

Today, Explained

Vox

Daily News, Politics, News

4.4 • 9.5K Ratings

🗓️ 12 September 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Once the world's largest corporation, the now-struggling US Steel wants to sell itself to Japan's Nippon Steel. The United Steelworkers oppose the deal, and President Biden is backing the union. The Washington Post's David Lynch explains how the steel giant's future became an election-year issue. This episode was produced by Peter Balonon-Rosen, edited by Matt Collette, fact-checked by Laura Bullard, engineered by Andrea Kristinsdottir and Rob Byers, and hosted by Noel King. Transcript at vox.com/today-explained-podcast Support Today, Explained by becoming a Vox Member today: http://www.vox.com/members Photo by Justin Merriman/Bloomberg via Getty Images. Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	Steel. But giant iconic U.S. Steel.
0:30.0	But giant iconic US steel ran into some financial problems and 13 months ago it put itself up for sale. Steel.
0:32.0	It got a multi-billion dollar bid from a Japanese company. The steel would still be made in America, mined in America, melted in America, it would still be called US Steel.
0:41.0	I'm trying to conform.
0:44.0	Heavy.
0:45.0	I'm going to.
0:47.0	Shareholders were thrilled.
0:49.0	The Steel Workers Union was not,
0:51.0	and then the president started meddling and put the Kaibosh on the
0:55.6	Steele deal. Coming up on Today Explained.
0:57.8	Steel.
0:59.8	Support for this show comes from Pendo.
1:03.5	Pendo improves the apps your customers and employees rely on.
1:07.0	Whether you're building applications for customers or managing applications for employees,
1:10.9	Pendo can help deliver better experiences for your users so they can get more value from your software.
1:16.0	Visit pendo.io slash podcast to learn more about how your team can use Pendo to start building better digital experiences.
1:22.0	There you can also check out Pendo's lineup building better digital experiences.
1:22.5	There you can also check out Pendo's lineup of free certification courses,
1:25.9	12 hours of in-depth training for your product management teams
1:29.0	on topics from AI to product analytics
1:31.1	to product-led growth.
1:32.3	That's Pendo. I.O.
	...

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