Nippon Steel is playing its hand close to its vest and hasn’t commented on the reports of the deal being blocked. Its nearly $15 billion offer was approved by US Steel shareholders in the spring, and it would be highly unusual for a company from a close ally like Japan to be prohibited from investing in the US.
Shares in US Steel fell by roughly 18% on Wednesday’s news, trading around $29, well under the $55 per share value that Nippon Steel offered in December 2023. The company warned thousands of jobs were at risk in the key — if not downright determinative — swing state of Pennsylvania should the deal fall through. Nonetheless, Democrats are betting that this decision will help them win the state by playing up protectionist bonafides. We’ll see if the theory holds.
Prime Minister Narendra Modi, with President of the European Council António Luís Santos da Costa, and President of the European Commission Ursula von der Leyen, at Hyderabad House, in New Delhi, India, on Jan. 27, 2026.
On Tuesday, the world’s largest single market and the world’s most populous country cinched a deal that will slash or reduce tariffs on the vast majority of the products they trade.
Canadian Prime Minister Mark Carney has repeatedly tussled with US President Donald Trump, whereas Mexican President Claudia Sheinbaum has tried to placate him. The discrepancy raises questions about the best way to approach the US leader.
10,000: The number of Hamas officers that the militant group reportedly wants to incorporate into the US-backed Palestinian administration for Gaza, in the form of a police force.
Walmart is investing $350 billion in US manufacturing. Over two-thirds of the products Walmart buys are made, grown, or assembled in America, like healthy dried fruit from The Ugly Co. The sustainable fruit is sourced directly from fourth-generation farmers in Farmersville, California, and delivered to your neighborhood Walmart shelves. Discover how Walmart's investment is supporting communities and fueling jobs across the nation.