Biden Administration's Block on U.S. Steel Acquisition: Political Ramifications and Industry Impact

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This chapter examines the Biden administration's potential block of Nippon Steel's $14.9 billion acquisition of U.S. Steel, centered around national security concerns. It explores the impact of this decision on American steel jobs, the operational struggles of U.S. Steel, and the political implications tied to the steelworkers union and upcoming elections.

Episode 403: Neal and Toby discuss the US government potentially blocking Japanese steel company Nippon from acquiring US Steel, who is in desperate need of a bail out as it nears moving its Pennsylvania plant and letting workers go. Then, Nvidia has been dominating the AI industry so much that it’s caught the attention of the DOJ, which has them thinking maybe…there might be some monopolistic malfeasance at-play. Uh oh. Also, Topgolf, the once popular casual golfing venue, is splitting away from Callaway after slumping sales in the last fore! quarters. Meanwhile, Neal shares his favorite numbers from ‘Game of Thrones,’ Caltech’s STEM program, and the US Open. Lastly, the J.Crew catalog is back, baby.

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00:00 - Intro

01:00 - The new 9-5

03:35 - US Steel Merger in Peril

07:30 - Nvidia vs DOJ

12:30 - Callaway splitting from TopGolf

16:30 - Neal’s Numbers

23:15 - J. Crew Catalog is back

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