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US Steel and Nippon Steel both indicated in statements that they’re open to legal fights to get the deal approved, no matter what actions is announced by Biden. Shares of US Steel (X) closed down 17.5% on the news at $29.37, well below the $55 a share that Nippon Steel agreed to pay for the stock back in December when the deal was announced. US Steel said the future of this and other union-represented plants at the company are at risk unless it gets approval to be purchased by Nippon Steel. US Steel says it has more than 3,000 employees in the state in its remaining steel mills along the Monongahela River just outside of Pittsburgh. The union says it doesn’t believe in the promises made by Nippon Steel so far and that it remains opposed to the purchase.

Persons: Joe Biden, Biden, “, Biden’s, Kamala Harris, Donald Trump, JD Vance, Harris, David Burritt’s “, Gene J, Philip Gibbs, ” Gibbs, ”, Gibbs, “ You’re, you’re, CFIUS, Michael Leiter, Skadden’s CFIUS, ” – CNN’s Matt Egan Organizations: Washington DC CNN, Nippon, US Steel, White, Foreign Investment, White House, Treasury, Steel, Nippon Steel, “ Nippon Steel, Washington Post, Labor, United Steelworkers, Justice, KeyBanc, CNN, steelworkers, “ Nippon, National Security Locations: United States, Japan, American, Pittsburgh, shoring, Gary , Indiana, “, Clairton , Pennsylvania, Pennsylvania, Monongahela, America

The settlement with environmental groups Clean Air Council and PennEnvironment and the Allegheny County Health Department was filed in federal court Monday for a judge to review, the groups said. PennEnvironment and the other plaintiffs accused the steel producer of more than 12,000 violations of its air pollution permits. The rest is a $5 million penalty that U.S. Steel agreed to pay to fund clean air efforts. It is one of the largest-ever fines nationally in a citizen-enforced lawsuit under federal clean air laws, Clean Air Council and PennEnvironment said. ___This story has been corrected to show the number of alleged air pollution permit violations is more than 12,000, instead of more than 1,200.

Persons: PennEnvironment, polluters, David Masur, ”, Kurt Barshick, U.S . Steel Organizations: —, Steel, Clean Air Council, PennEnvironment, Allegheny County Health Department, U.S . Steel, Valley Works, U.S, U.S . Locations: HARRISBURG, Pa, Pittsburgh, Allegheny County, U.S

☆ I binge-listened to tech podcasts for a week, and what I learned about Silicon Valley is kind of scary
▼ + stars: | 2022-10-04 | by ( Adam Rogers | ) www.businessinsider.com time to read: +19 min

2: The hosts don't know what they don't knowThe problem is, VC podcasts don't stick to the core issues of venture capital. 3: The hosts want us to believe what they don't knowThere's a shocking amount of this kind of drivel on the tech podcasts. This is what a good tech podcast should do: Use access to the best and most successful investors and innovators to illuminate the way Silicon Valley works. But that's not what matters in the world of tech podcasts. But after 40 hours of listening to tech podcasts, I feel kind of bad about it.

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