U.S. Steel CEO urges Donald Trump to look into Nippon deal
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U.S. Steel CEO David Burritt criticized President Joe Biden's decision to block a deal involving Nippon, calling it 'corrupt.' This comes amid a market decline led by tech stocks due to strong economic data reducing the likelihood of a January rate cut.
January 07, 2025 | 9:45 pm
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U.S. Steel's CEO criticized the Biden administration for blocking a deal involving Nippon, labeling it as 'corrupt.' This could lead to increased scrutiny and potential legal challenges.
The CEO's strong language against the Biden administration could lead to increased scrutiny and potential legal challenges, which may negatively impact U.S. Steel's stock in the short term.
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