The deal with steel

Marketplace All-in-One

Marketplace

News, Business

4.5 • 1.4K Ratings

🗓️ 3 January 2025

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

President Biden blocked a nearly $15 billion deal for Japan-based Nippon Steel to buy U.S. Steel, citing national security concerns. Both firms say they’ll go to court to keep the deal alive, but can they prove the acquisition won’t put the U.S. in a vulnerable spot? Also in this episode: Small businesses win an anti-gentrification victory in a Los Angeles neighborhood, new car sales are up despite high prices and Orlando, Florida, gets a romance-only bookstore.

Transcript

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