President-elect Donald Trump has reaffirmed his opposition to the proposed $14.9 billion acquisition of U.S. Steel by Japanese company Nippon Steel. Trump pledged to block the deal, continuing the stance taken by the Biden administration earlier this year. He proposed stronger tariffs and tax incentives to reinvigorate the iconic steel company and prevent it from relocating its operations out of Pittsburgh.
China announced Tuesday a ban on exporting certain minerals and metals to the U.S., escalating the ongoing trade and tech war. The targeted materials—germanium, gallium, antimony, and superhard substances—are vital for manufacturing semiconductors, batteries, and military hardware.
President Joe Biden has announced over $1 billion in humanitarian aid to assist individuals displaced by drought and conflict across 31 African nations. This commitment was unveiled during his recent visit to Angola, where he emphasized the United States' dedication to supporting Africa's humanitarian needs.
President-elect Donald Trump has pledged to block the sale of U.S. Steel to Japan’s Nippon Steel, proposing tax incentives and tariffs to preserve the historic American company. Nippon Steel offered $15 billion for the acquisition, but Trump declared his opposition, citing economic and national security concerns.
A Delaware court upheld its decision to block Tesla’s 2018 compensation plan for CEO Elon Musk, valued at over $100 billion today. Chancellor Judge Kathaleen McCormick ruled on Monday that the compensation package was improperly approved, despite overwhelming shareholder support.
Lindy Li, a prominent Democrat megadonor and former member of the DNC finance committee, has raised serious concerns about the handling of campaign funds by the Kamala Harris presidential campaign.
California officials, led by Sen. Alex Padilla, D-Calif., have reaffirmed the state’s commitment to providing legal defense for undocumented immigrants facing deportation, even as President-elect Donald Trump prepares to implement stricter immigration policies. Trump has pledged mass deportations targeting the estimated 2.7 million illegal immigrants residing in California, prompting state leaders to bolster support for deportation defense.
NATO has inaugurated an amphibious warfare center in Sørreisa, Norway, near Russia's Arctic border, to enhance defense capabilities amid escalating tensions with Moscow. This facility provides specialized training for U.S., British, and Dutch forces, improving their ability to conduct operations in Arctic conditions.
