Wall Street Breakfast Biden poised to block US Steel deal: report
Jan 3, 2025
President Biden is poised to block Nippon Steel's acquisition of U.S. Steel, citing national security and domestic production concerns. In a surprising twist, Gannett and Reuters are teaming up to enhance local media coverage. Samsung's smart refrigerators are now capable of ordering groceries through Instacart, showcasing innovation in everyday technology. Additionally, the podcast highlights significant market updates, including Tesla's record sales in China and the performance of pizza stocks during cold weather.
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Biden to Block US Steel Deal
- President Biden is expected to block the U.S. Steel - Nippon Steel deal.
- The acquisition poses a national security threat due to potential decline in domestic steel production.
Gannett and Reuters Partner
- Gannett and Reuters will bundle content for U.S. regional and local outlets.
- Reuters will sell the bundle, sharing revenue with Gannett.
Samsung and Instacart
- Samsung smart fridges will integrate with Instacart for grocery ordering.
- Available on 2025 models and via software update for existing AI Family Hub Plus units.