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TOKYO — Lawmakers in Japan voted Monday to retain the embattled Shigeru Ishiba as prime minister despite his long-governing party’s dismal showing in parliamentary elections last month. Ishiba, a straight-talking former defense minister, received 221 votes compared with 160 for Yoshihiko Noda, leader of the opposition Constitutional Democratic Party. Many Japanese officials assume Trump is going to be “more straightforwardly anti-China,” and that Japan will be “somehow miraculously left off the hook,” he said. Though Japan has already pledged to double defense spending to 2% of gross domestic product by 2027, “that’s probably not going to be enough to satisfy Trump,” Boling said. While Abe was “extraordinarily skillful” in dealing with Trump, Ishiba has a different personality, Boling said.

Persons: Shigeru Ishiba, Ishiba, Donald Trump, Yoshihiko Noda, ” Ishiba, Yuichi Yamazaki, Trump, Koichi Nakano, Shinzo Abe, ” Nakano, David Boling, “ that’s, ” Boling, Joe Biden, Kamala Harris, Takahiro Mori, Abe, Boling, “, I’m, Jeff Kingston, ” Kingston, Arata Yamamoto, Jennifer Jett, Peter Guo Organizations: Lawmakers, Liberal Democratic Party, Constitutional Democratic Party, Getty, Trump, Japan Relations, NBC News, U.S, Eurasia Group, Nippon, Pittsburgh, . Steel, Democratic, Nippon Steel, United Steelworkers, ”, Japan Locations: TOKYO, Japan, Washington, Tokyo, China, Russia, North Korea, U.S, York, Japanese, Pittsburgh, ” Japan, United States, Temple, Hong Kong

☆ I've flown on Singapore's world's longest flight in business class. It was nice, but the new seats will be a game changer.
▼ + stars: | 2024-11-08 | by ( Taylor Rains | ) www.businessinsider.com time to read: +4 min

I'm exited Singapore Airlines is adding doors to business class after flying the current seat. AdvertisementIn early 2023, I flew Singapore Airlines on the world's longest flight to experience what is considered a top-tier business class. Taylor Rains/Business InsiderSince then, I've flown in door-equipped business class on Japan's All Nippon Airways and British Airways. The carrier announced plans in November to retrofit 41 Airbus A350 planes with a new door-equipped business class. Air India launched its new pod-like business class in January as it completely overhauls its brand.

Persons: I'm, —, Taylor Rains, I've, Goh Choon Phong, Skytrax's Organizations: Singapore Airlines, Service, All Nippon Airways, British Airways, Boeing 777X, Air India, Air, Turkish Airlines, American Airlines, Korean Locations: Singapore, Qatar

UFC media rights are up for renewal next year, and TKO Group Chief Operating Officer Mark Shapiro tells me he thinks Netflix could be getting in the ring. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports. "I think absolutely, they'll be at the table on UFC," Shapiro said in an exclusive CNBC Sport interview. Still, even with the WWE deal, Netflix didn't fully embrace its new role as a platform for live sports.

Persons: Alex Sherman, Mark Shapiro, Shapiro, They've, We've, Ted Sarandos, Sarandos, it's, Jake Paul, Mike Tyson, Netflix hasn't, we're, Tyson, Paul, It's, Vince McMahon, McMahon, He's, he's, –, We're, Dick Clark, Paul Levesque, Dana White, Stan Kasten, Adam Silver, Adam, I'm, That's, Juan Soto, Shohei, Ohtani, Kasten, Jonathan Kraft, Sportico's, Kraft, Babe Ruth, Collect, Ruth, Red Ruth, Deiveson Figueiredo, Brandon Moreno, Louis Grasse Organizations: CNBC, UFC, Netflix, WWE, Disney, MMA, National Football League, NFL, Dick Clark Productions, Golden Globe, –, Professional Bull Riders, Endeavor, PGA Tour, Comcast, Dodgers, NBA, Major League Baseball, New York Yankees, Nice, CNBC Sport, Ham Fighters, Summer, NBC, Tennis, Consumers, New England Patriots, Boise State, Louis Locations: U.S, Canada, It's, Los Angeles, Ohtani's, Hokkaido Nippon, Oregon, Gila, Glendale , AZ

☆ Is this the world's 'coolest hotel room' for baseball fans? Go inside to see the view
▼ + stars: | 2024-11-05 | by ( Oliver Horovitz | ) www.cnbc.com time to read: +5 min

Es Con Field Hokkaido is a stadium on the Japanese island of Hokkaido with a grass field, retractable roof and space for 35,000 spectators. Es Con Field Hokkaido says it's the world's first baseball stadium with a natural onsen overlooking the field. Ohtani's old teamThe Hokkaido Fighters, founded 78 years ago, compete in the Pacific League of Nippon Professional Baseball, or the NPB. A room with a view at Es Con Field Hokkaido, a stadium built in Japan in 2023. Extra inningsFans routinely arrive at Es Con Field Hokkaido well before the first pitch to partake in pre-game festivities.

Persons: Shohei Ohtani, sleepover, There's, Oliver Horovitz Organizations: Ham Fighters, Fighters, Major League Baseball, Travelers, Es, HKS Architects, Hokkaido Fighters, Pacific League of Nippon Professional Baseball, NPB, Es Con Field Hokkaido, Los Angeles Angels, Japan, Es Con Field Locations: Con, Hokkaido, Hokkaido Nippon, Sapporo, Japan, Es Con, Dallas, Es Con Field Hokkaido

☆ Buy steel stocks if Trump wins or clean energy plays if it's Harris, says JPMorgan
▼ + stars: | 2024-11-04 | by ( Lisa Kailai Han | ) www.cnbc.com time to read: +5 min

Steel stocks would likely outperform under if former President Donald Trump returns to the White House, while clean energy providers might rally if Vice President Kamala Harris captures the presidency, according to JPMorgan. Clean Energy In the same 14-page report, JPMorgan shared the name of specific companies that are likely to benefit should either candidate prevail. Steel and aluminum Conversely, Peterson is bullish on steel and aluminum companies if former President Trump gets a second term. Shares of steel producer Nucor have tumbled nearly 18% in 2024 but could bounce back under a Trump victory, according to JPMorgan. Other potential winners under a Trump presidency include aluminum producer Kaiser Aluminum and rare-earth materials processor MP Materials , said JPMorgan.

Persons: Donald Trump, Kamala Harris, Harris, Bill Peterson, Peterson, EBITDA, William Grippin, Trump, Morgan Stanley, Carlos De, Martin Englert Organizations: White, JPMorgan, Trump, EV, Department of Energy's, Office, Democratic, UBS, DOE, Power, Energy, Republican, Steel, Nippon Steel, U.S . Steel, Seaport Research Partners, Aluminum Locations: Los Angeles, adj, 2H25, Charlotte, Cleveland

☆ Greatest player ever? After Shohei Ohtani’s first World Series title, there’s a ‘legitimate argument’
▼ + stars: | 2024-10-31 | by ( Rustin Dodd | ) www.nytimes.com time to read: +8 min

(I’m) extremely honored to be a part of this.”On the field, Ohtani’s first World Series had not gone quite to plan. “I think there’s a legitimate argument that he’s the greatest player to ever play the game,” Friedman said. The case is also historical: The World Series has been played for more than a century. And somewhere was Freddie Freeman, the World Series MVP and two-time champ. “Not just technically, but also my professionalism.”He was, at last, a World Series champion.

Persons: Shohei Ohtani, Takashi Harada, Hiroshi Sasaki, Sasaki, Harada, Ohtani, ”, ” Ohtani, Hanamake, Tommy John, Kendrick Lamar, Andrew Friedman, Mark Walter, Walter, Friedman, “, ” Friedman, ’, Kiyoshi Mio, Dave Roberts, Walker Buehler, Albert Pujols, Alex Rodriguez, Stan Musial, Yogi Berra, Mickey Mantle, Mike Schmidt, Roy Campanella, Jimmie Foxx, ” Roberts, Stan Kasten, “ We’re Jackie, Sandy, We’re Fernando, Mookie Betts, Freddie Freeman, Yoshinobu Yamamoto, Betts, Freeman, Roberts, “ I’ve, that’s, Mike Lawrence Organizations: Hanamake, High School, Nippon Professional Baseball, Los Angeles Angels, Dodgers, Los Angeles Dodgers, New York Yankees, Yankee, ” Dodgers, Major, Baseball, of Famers, Dodger Locations: Japan, Hanamake Higashi, Iwate Prefecture, Los Angeles, New York, Hanamake

☆ Breakfast with Ohtani: In Japan, watching this World Series may be the national pastime
▼ + stars: | 2024-10-25 | by ( Rustin Dodd | ) www.nytimes.com time to read: +14 min

At World Series Media Day on Thursday, no one was a bigger draw than Ohtani. Ninomiya, 59, grew up in the city of Oita, obsessing over books about Japanese baseball history. The comings and goings of Mamiko Tanaka and Ohtani are regular fodder for Japanese morning shows. In Japan, Ohtani is the face of countless advertising campaigns. Ohtani’s presence — along with starting pitcher Yoshinobu Yamamoto — could help the Japanese World Series audience approach those heights.

Persons: Shohei Ohtani, Tatsuo Shinke, Ohtani, Shinke, Emiko, ” Shinke, “, She’s, Katharine Lotze, Michael Jordan, David Beckham, doesn’t, ”, Robert Whiting, —, Rahm Emanuel, Chicago ”, Jordan, ” Emanuel, Whiting, Hideo Nomo, Ichiro Suzuki, Hideki Matsui, Nomo, Japan — Whiting, Suzuki, Yu Darvish, Tomoki Negishi, I’ve, ” Negishi, Masanori, Negishi, I’m, Chen Liang, Ninomiya, ” Ninomiya, ” Ohtani, Ippei Mizuhara, Mizuhara, It’s, Mamiko Tanaka, Stringer, Hiroshi Kitamura, William & Mary, Aaron, Judge, Fernando, Tatis, Ronald, Acuna, Foster Griffin, Griffin, ” Griffin, Ryan Yamazaki, Bobby Valentine, Yoshinobu Yamamoto —, Rob Manfred, “ Smart, ” Yamazaki, Shigeru Ishiba, Machiko Kondo, Kondo, Ichiro, ” Whiting, she’s, Andy McCullough, Sam Blum, Dan Goldfarb, Jayne Kamin Organizations: Mint, Major League Baseball, Los Angeles Dodgers, Ohtani’s Dodgers, New York Yankees, Los Angeles Angels, Dodgers, Padres, National League, Nikkei, Yankees, Asahi Shimbun, Japan’s Pacific League, Ninomiya, UCLA, NHK, Hokkaido, Ham Fighters, Angels, MLB, Pacific, William &, Kansas City Royals, Yomiuri Giants, Mets, Chiba Lotte Marines, Baseball, WBC, Chicago Cubs, San Diego Padres, Athletic, Fuji, United Nations Locations: Japan, Tokyo, Ohtani, United States, America, American, U.S, Chicago, —, Ōta, Oita, ”, Hokkaido Nippon, Osaka, Fukuoka, Sapporo, South Korea

Pittsburgh CNN —In the years that Pennsylvania Senate candidate Dave McCormick led one of the world’s largest hedge funds, the firm bet millions of dollars against some of the state’s biggest and most iconic companies, financial filings show. For financial institutions, short positions can be lucrative. The fund shorted about four dozen companies from Pennsylvania during McCormick’s tenure, the records show. The fund did invest in stocks of some of the same Pennsylvania companies it shorted in other years, and overall, it reported spending more money buying stocks of Pennsylvania companies than shorting them in four of the five annual reports reviewed by CNN. She argued that the short positions Bridgewater took in Pennsylvania companies didn’t negatively impact employees because they represented a small fraction of each company’s overall value.

Persons: Dave McCormick, McCormick, “, ”, Kevin Boltz, Democratic Sen, Bob Casey –, Casey, Luke Sharrett, Elizabeth Gregory, Dave, ” Gregory, Bridgewater, ” McCormick wasn’t, Andrew Jennings, Dan Mallinson, “ They’re, ” Mallinson, “ That’s, ” Eric Talley, Talley, I’m, Justin Merriman, McCormick’s, Biden, Bernie Hall, ” Hall, Gregory, Michael M, Eric Hovde of, Tim Sheehy, Bernie Moreno, dogging McCormick, Mallinson Organizations: Pittsburgh CNN —, Bridgewater Associates, The Hershey Company, US Steel, CNN, US Department of Labor, Republican, Hershey, Democratic, Bridgewater, Bloomberg, Getty, McCormick’s, Bridgewater Equity Fund, Labor, Securities and Exchange Commission, Comcast, Penn National Gaming, Emory University School of Law, Penn State, Columbia University, Steel, Japan's, Nippon Steel, Keystone, Nippon, Pennsylvania, United Steelworkers, Senate, Penn Locations: Pennsylvania, Bridgewater, Harrisburg, Pittsburgh, China, Eric Hovde of Wisconsin, Montana, Ohio

Returning to the subject later, he roped in billionaire mogul Elon Musk, who was in attendance at Trump’s rally, saying, “I don’t think Elon likes that idea. These are not ideas that Elon Musk likes too much.”Trump featured a parade of wealthy benefactors who spoke at the event, including Musk, hedge fund billionaire John Paulson and real estate investor Steve Witkoff. “But you knew everything would be OK when President Trump raised his fist high in the air and shouted ‘Fight! “So every kid in your family is going to grow up and say, ‘I want to be like Elon Musk. I’m going to be like Elon Musk.’ That’s the American dream.”

Persons: Donald Trump, Trump, Hurricane Helene, baselessly, Kamala Harris, ” Trump, Elon Musk, “, Elon, John Paulson, Steve Witkoff, Musk, MAGA, ”, ” Musk, Thomas Crooks, rallygoers, Corey Comparatore, ” Ohio Sen, JD Vance, Trump’s, ” Elon Musk, Trump's Butler, Anna Moneymaker, Comparatore, attendee’s, Harris, Lara Trump, Vance, ” “ Donald Trump, Michael Whatley, We’re, Joe Biden, we’ve, they’ll, Witkoff, Paulson, “ We’re Organizations: Keystone State, Democratic, ”, Republican National Committee, Trump, GOP, Federal Emergency Management Agency, Nippon, Steel, . Steel Locations: Pennsylvania, ” Ohio, North Carolina, Tennessee, South Carolina, Georgia, Western Pennsylvania

☆ U.S. Steel sale to Nippon Steel an issue of national defense, critical supply chains: USW president
▼ + stars: | 2024-10-02 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Steel sale to Nippon Steel an issue of national defense, critical supply chains: USW presidentDavid McCall, President of USW, joins 'The Exchange' to discuss why McCall's thoughts on the U.S. Steel sale to Nippon Steel, if Nippon Steel's operations are superior, and McCall's thoughts on the general election more broadly.

Persons: David McCall Organizations: U.S, Steel, Nippon Steel, U.S . Steel, Nippon

☆ Fund manager reveals his worst trade of the year — and the lessons he learned
▼ + stars: | 2024-10-02 | by ( Ganesh Rao | ) www.cnbc.com time to read: +4 min

Its fund manager, Sean Peche, has a track record in picking winners that have helped the fund beat the S & P 500 over the past two years without owning any of the so-called " Magnificent Seven " technology stocks. The fund manager identified the U.S.-listed Perion Network as its worst-performing stock investment of the year. As an Israeli company not included in major stock indices, the Ranmore fund manager believed it might be undervalued due to reduced investor attention. The Ranmore fund manager noted that the company's cash reserves, which stood at $188 million at the end of 2023, provided some protection against further losses. Despite the setback with Perion Network, Peche remains optimistic about other investments.

Persons: Sean Peche, Peche, Bing, CNBC's Silvia Amaro, Perion, Microsoft's Bing, PERI 1Y, Macron Organizations: Global Equity Fund, Network, Microsoft, Perion, Nippon Locations: U.S, France

☆ Morgan Stanley's shopping list for commodity stocks to get a boost from China stimulus
▼ + stars: | 2024-09-27 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

These commodity stocks could win big as China moves to boost its struggling real estate sector and economy, according to Morgan Stanley. Morgan Stanley's team believe these measures display a heightened "sense of urgency" and signal that China is "taking deflation seriously." Against this backdrop, the firm sees a positive setup for metals and mining stocks that have underperformed the S & P 500 by 25 percentage points since May. Here are some of the names that could benefit from China's stimulus: Within the mining sector, Morgan Stanley names Freeport-McMoRan and Alcoa among its top picks, with shares up about 22% and 17%, respectively, this year. Analysts view U.S. Steel as one of the biggest beneficiaries from a China stimulus along with shares of Nucor .

Persons: Morgan Stanley, Morgan Stanley's, Stephen Cheung, Carlos De Alba, Biden Organizations: Alcoa, Vale SA, Steel, . Steel, Japan's Nippon Steel, NBC Locations: China, Freeport, McMoRan, Indonesia, Nucor .

☆ Japan's private equity market is 'finally getting into its groove,' says Nippon Sangyo Suishin Kiko
▼ + stars: | 2024-09-25 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailJapan's private equity market is 'finally getting into its groove,' says Nippon Sangyo Suishin KikoJun Tsusaka, Nippon Sangyo Suishin Kiko's founder, CEO, CIO and Chair of the ESG committee, discusses Japan's merger and acquisition environment.

Persons: Suishin Kiko Jun Tsusaka Organizations: Nippon, Suishin

☆ U.S. Steel CEO defends sale to Nippon, says deal will 'win on its merits'
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailU.S. Steel CEO defends sale to Nippon, says deal will 'win on its merits'U.S. Steel CEO David Burritt joins 'Money Movers' to discuss the company's growth strategy, a possible merger with Nippon, and more.

Persons: David Burritt Organizations: U.S . Steel, Nippon, . Steel

☆ Watch CNBC’s full interview with U.S. Steel CEO David Burritt
▼ + stars: | 2024-09-24 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with U.S. Steel CEO David BurrittU.S. Steel CEO David Burritt joins 'Money Movers' to discuss the company's growth strategy, a possible merger with Nippon, and more.

Persons: David Burritt Organizations: U.S . Steel, . Steel, Nippon

☆ U.S. Steel CEO defends planned sale to Japan's Nippon, believes deal will ‘close on its merits'
▼ + stars: | 2024-09-24 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

U.S. Steel CEO David Burritt on Tuesday defended the company's planned sale to Japan's Nippon Steel, expressing confidence that the deal will "close on its merits" despite President Joe Biden's vocal opposition. "We strongly believe the deal closes on its merits," Burritt said in an interview on CNBC's "Money Movers." "It strengthens national security, it strengthens economic security and it strengthens job security." CFIUS told Nippon that the sale could "lead to a reduction in domestic steel production capacity," according to a letter obtained by Reuters earlier this month. The committee said supply chains could be disrupted in sectors critical to national security such as transportation, infrastructure, construction and agriculture.

Persons: David Burritt, Joe Biden's, Burritt, Biden, Kamala Harris, Donald Trump, CFIUS Organizations: . Steel, Japan's Nippon Steel, Steel, NBC News, Nippon, U.S, Foreign Investment, Reuters Locations: American, Nippon North America, U.S, United States

☆ Trump plays the fear card on the economy – and it seems to be working
▼ + stars: | 2024-09-24 | by ( Stephen Collinson | ) edition.cnn.com time to read: +11 min

In another twist of his extreme rhetoric, Trump also seems to be seeking scapegoats should he lose the election in just over 40 days. Last week, at an event on antisemitism, the former president warned that “the Jewish people” would be partly to blame if he loses in November. As president, I have to be your protector.”Former President Donald Trump holds a fighting antisemitism event at Trump National Golf Club Bedminster on August 15, 2024, in Bedminster, New Jersey. On Monday, the former president warned that if Congress tried to block him from imposing new tariffs on China, he’d just ignore lawmakers. Like Trump, Harris argues that US Steel should remain American owned in opposing a sale to Nippon Steel — Japan’s biggest steelmaker.

Persons: Donald Trump, “, ” Trump, Kamala Harris, Harris, ”, Trump, Benjamin Netanyahu, he’s, Biden, Netanyahu, —, Adam Gray, We’re, Viktor Orbán, ” mused Trump, Republican Party —, Xi Jinping, Xi, he’d, John Deere, “ I’m, haven’t, Joe Biden, Win McNamee Organizations: CNN, Democratic, Fox News Town, America, Trump National Golf Club Bedminster, Getty, Farmers, Capitol, Republican, Republican National Convention, Republican Party, Monday, Investments, Trump, The New York Times, Siena College, Steel, Nippon Steel Locations: Pennsylvania, China, Israel, Bedminster , New Jersey, Harris, America, Hungarian, Beijing, Mexico, United States, Illinois, Ramos, Sprankle's, Kittanning , Pennsylvania, Arizona , North Carolina, Georgia

☆ A portfolio manager who's outperformed a major value index for over a decade shares 4 cheap stocks that the market's overlooking
▼ + stars: | 2024-09-18 | by ( Christine Ji | ) www.businessinsider.com time to read: +5 min

Market disconnectsSpeaking of mistakes in the market, Rosenthal thinks the current composition of the market is untenable and due for a correction. "We don't think the equal-weighted S&P or any kind of index ex the Mag Seven is at an extremely low valuation," Rosenthal said. Rosenthal holds CVS (CVS) in his portfolio. Nippon Sanso (NPXYY) is a Japanese oil and gas company that Rosenthal believes is undervalued. Combined with the structural tailwind of corporate reforms within Japan, Rosenthal believes this Japanese company's stock is well-positioned to appreciate in the coming years.

Persons: —, Scott Rosenthal, Rosenthal, Rosenthal's, it's Organizations: Service, Hotchkis & Wiley Capital Management, Wiley Global Value Fund, Business, Econ, CVS, Nippon Locations: Japan

☆ Stocks making the biggest moves midday: Intuitive Machines, U.S. Steel, Victoria's Secret and more
▼ + stars: | 2024-09-18 | by ( Sarah Min | ) www.cnbc.com time to read: +2 min

Check out the companies making headlines in midday trading: Intuitive Machines — Shares soared 51% after the space exploration company secured a roughly $5 billion space network contract from NASA. The move is likely intended to push a decision on the politically controversial takeover past the presidential election in November. Victoria's Secret — The intimate apparel maker gained 5% after Barclays upgraded shares to equal weight from underweight, citing a more balanced risk/reward backdrop. The investment firm said VF Corp should start to see benefits from last year's CEO change this fall. Casella Waste Systems — The recycling company fell 5% after announcing a $400 million public offering of its Class A common stock.

Persons: Steward, McGrath RentCorp —, McGrath, Eli Lilly's GLP, — CNBC's Sean Conlon, Michelle Fox, Lisa Han, Yun Li, Jesse Pound, Pia Singh Organizations: NASA, United States Steel, Nippon Steel, Barclays, Medical Properties, Medical Properties Trust, WillScot Holdings, Wolfe Research, Casella Waste Systems Locations: U.S

☆ US Steel: Biden administration gives Nippon Steel more time to make case for purchase of steelmaker
▼ + stars: | 2024-09-18 | by ( Kayla Tausche | ) edition.cnn.com time to read: +2 min

President Joe Biden, Republican presidential nominee Donald Trump and Democratic nominee Vice President Kamala Harris have all voiced opposition to the deal. The United Steelworkers union, which has endorsed Harris for president, has also been a leading opponent of the acquisition. Earlier this month, US Steel said it would be forced to lay off workers and shutter mills without Nippon’s backing. US Steel put itself up for sale in 2023 after receiving an unsolicited $7 billion takeover offer from Ohio-based Cleveland Cliffs. The $14.9 billion deal with Nippon Steel, Japan’s largest steelmaker, resulted from that sale process.

Persons: Joe Biden, Donald Trump, Kamala Harris, Sen, Sherrod Brown of, John Fetterman of, Harris, Fumio Kishida, Janet Yellen Organizations: CNN — Nippon Steel, US Steel, CNN, Republican, Democratic, Foreign Investment, Steel, Sherrod Brown of Ohio, The United Steelworkers, Nippon Steel Locations: American, United States, Pittsburgh, Tokyo, John Fetterman of Pennsylvania, Ohio, Cleveland

☆ Stocks making the biggest moves premarket: General Mills, U.S. Steel, V.F. Corp., ResMed, and more
▼ + stars: | 2024-09-18 | by ( Brian Evans | ) www.cnbc.com time to read: +1 min

United States Steel — Shares advanced more than 3% after Reuters reported the Committee on Foreign Investment in the United States granted a request to push back a review of Nippon Steel's bid for U.S. Steel until after the November election. General Mills — Shares were 1% lower after profit for the packaged foods company dropped 14% last quarter on lighter margins due to higher input costs. Intuitive Machines — Shares of the space exploration company surged more than 52% after it received a nearly $5 billion space network contract from NASA . ResMed - Shares slipped 2.7%, on light trading volume, following a downgrade at Wolfe Research to underperform from peer perform. Corp to overweight from equal weight , saying the risk-reward for the apparel company behind The North Face and Vans is attractive.

Persons: Mills, Eli Lilly's GLP, — CNBC's Michelle Fox, Sarah Min Organizations: United States Steel, Reuters, Foreign Investment, Nippon, U.S . Steel, Casella Waste, NASA, Wolfe Research, —, Barclays upgra ded, Corp, Microsoft, BlackRock Locations: United States

☆ U.S. decision on Nippon's bid for U.S. Steel pushed back until after election
▼ + stars: | 2024-09-17 | by ( ) www.cnbc.com time to read: +1 min

A tugboat pushes a barge near the United States Steel Corp. Clairton Coke Works facility in Clairton, Pennsylvania, US, on Monday, Sept. 9, 2024. CFIUS, the Committee on Foreign Investment in the United States, needs more time to understand the impact of national security and engage with the parties, the person added. Refiling sets a new 90-day clock to review the proposed tie-up and make a decision. President Joe Biden, Democratic presidential candidate Kamala Harris and Republican presidential hopeful Donald Trump have said they want U.S. Steel to remain in American hands. CFIUS, U.S. Steel and Nippon Steel did not immediately respond to requests for comment from Reuters.

Persons: Joe Biden, Kamala Harris, Donald Trump Organizations: United States Steel Corp, Clairton Coke, Nippon, U.S, Biden, Foreign Investment, Democratic, Steel, U.S . Steel, Nippon Steel, Reuters Locations: Clairton , Pennsylvania, United States, U.S

☆ Fate of US Steel merger expected to be pushed beyond election day as politics cloud outlook
▼ + stars: | 2024-09-13 | by ( Kayla Tausche | Matt Egan | ) edition.cnn.com time to read: +4 min

CNN —As presidential politics cloud the outlook of US Steel’s merger with its Japanese rival, a national security review of the deal is now not expected to be decided until after the election, according to people familiar with the matter. Prime Minister Fumio Kishida, during a White House visit in April, told reporters that the legal reviews would determine the deal’s outcome. US Steel put itself up for sale in 2023 after receiving an unsolicited, $7 billion takeover offer from Ohio-based Cleveland Cliffs. The $14.9 billion deal with Nippon Steel, Japan’s largest steelmaker, resulted from that sales process. The White House has said it would await the recommendation of the committee, which has yet to make a decision on the matter, CNN has learned.

Persons: Joe Biden, Biden, Fumio Kishida, Janet Yellen, Kamala Harris, Donald Trump, Ohio Sen, JD Vance, Sen, Sherrod Brown of, John Fetterman of, Saloni Sharma, ” Saloni, Josh Shapiro, Harris, “, ” Manuel Bonder Organizations: CNN, Foreign Investment, US, Washington Post, US Steel, Steel, Nippon, Sherrod Brown of Ohio, Nippon Steel, White, ”, Democrat Locations: United States, Pittsburgh, Delaware, American, John Fetterman of Pennsylvania, Ohio, Cleveland, ” Pennsylvania, Western Pennsylvania

TOKYO — U.S. opponents of a Japanese steelmaker’s $14.9 billion bid for U.S. Steel cite concerns about national security and a reluctance to relinquish a storied American company. That could complicate efforts to strengthen ties with Japan, a key U.S. ally, in an effort to counter China’s growing influence in the Asia-Pacific and around the world. Washington has also been pushing Tokyo to align itself with U.S. export controls that limit China’s ability to produce advanced semiconductors. The opposition to the deal “also places Japan in the unenviable company of China in terms of Washington’s politicization of economic issues,” Kingston said in an email. Other U.S. Steel employees have rallied in support of the deal, which was announced last December.

Persons: Joe Biden, Jeff Kingston, “, ” Kingston, Donald Trump, Kamala Harris Organizations: U.S, Steel, Nippon Steel, NBC, Temple University Japan, Rust Belt, Biden, U.S . Steel, The United Steelworkers Locations: TOKYO, U.S, American, Japan, Asia, Pacific, Washington, Tokyo, China, Pennsylvania

☆ Nippon makes last-ditch bid to save deal with U.S. steel
▼ + stars: | 2024-09-11 | by ( Joe Kernen | ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailNippon makes last-ditch bid to save deal with U.S. steelCNBC's Joe Kernen reports on a potential merger in the steel sector.

Persons: Joe Kernen Organizations: Nippon

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