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Bill Barker discusses the arc of U.S. Steel and why Adobe might be giving up on acquiring Figma. Bill Raduchel talks about how tech has changed over the past six decades, exploring early days of tech, missed opportunities regarding data, and the impact of ChatCHP-T and the future of AI.
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Quick takeaways
- The acquisition of US Steel by Nippon Steel marks the end of an era for the once dominant American steel industry, highlighting the changing landscape and challenges faced by the industry.
- Adobe's cancellation of its acquisition of Figma due to regulatory concerns raises questions about future M&A deals and the risks involved, potentially signaling a more cautious approach from companies in pursuing such deals.
Deep dives
US Steel deal: End of an Era
US Steel, once a giant of the American economy, is being acquired by Nippon Steel for $15 billion. This deal marks the end of an era for US Steel, which has played a significant role in American history, from monopolies to war efforts. However, the deal's likelihood of happening is uncertain due to regulatory hurdles and union opposition. While the steel industry is no longer as dominant as it once was, it still holds importance in areas like construction and car manufacturing.
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