Squawk Pod 5 Things to Know Before the Opening Bell 6/16/25
Jun 16, 2025
Tensions heat up as Israel claims aerial superiority over Tehran, stirring geopolitical concerns. In a major business move, President Trump greenlights Nippon Steel’s $15 billion acquisition of U.S. Steel. Renault's CEO is set to take the helm at French fashion giant Kering, signaling a crossover of sectors. Taiwan tightens its grip on tech exports by placing Huawei and SMIC on its control list. Meanwhile, a cyberattack against The Washington Post raises alarms about media security.
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Israel Gains Aerial Superiority
- Israel has achieved aerial superiority over Tehran amid ongoing conflict between the two countries.
- The U.S. embassy in Tel Aviv suffered minor damage but no injuries occurred during the fighting.
Trump Greenlights Major Steel Deal
- President Trump approved Nippon Steel's $15 billion acquisition of U.S. Steel.
- The deal includes an $11 billion investment to increase Nippon's production from 63 to 86 million metric tons by 2028.
Kering Names Renault CEO
- French fashion house Kering appoints Renault CEO Luca de Meo as its next CEO, aiming to shift focus outside automotive.
- Renault confirms de Meo's departure to pursue challenges beyond the automotive sector.