U.S. Stock Outlook | The three major Equity Index futures are mixed, as the market holds its breath for tonight's CPI.
On December 11 (Wednesday) in Pre-Market Trading, the three major U.S. Equity Index futures were mixed.
The White House of the United States: Reviewing the merger Trade between Nippon Steel and United States Steel.
Gelonghui, December 11 | According to Reuters, the White House stated on Tuesday that a National Security review is ongoing regarding Nippon Steel's acquisition of United States Steel for $15 billion. President Biden will observe the results before deciding whether to block the Trade and has warned that he still opposes the Trade. United States Steel fell 9.68% on Tuesday, closing at $35.26.
24-hour global political and economic news overview | December 11.
Global Hotspot Sniping.
Express News | Nippon Steel Says if Necessary, It Will Work With U. S. Steel to Consider and Take All Available Measures to Reach a Fair Conclusion
Express News | Nippon Steel Says It "Still Has Confidence in the Justice and Fairness of America and Its Legal System"
Express News | Nippon Steel Says It Is Confident That Proposed Partnership Is Best Path Forward to Secure the Future of U. S. Steel, in Response to Bloomberg Report
Update: Market Chatter: President Biden to Formally Block Proposed Acquisition of US Steel by Nippon Steel
Express News | White House on Nippon-U.S. Steel: President Will Continue to See What the Cfius Process Yields, We Have Not Received Any Cfius Recommendation, Process Ongoing
United States Steel Options Spot-On: On December 10th, 125.1K Contracts Were Traded, With 1.86 Million Open Interest
On December 10th ET, $United States Steel(X.US)$ had active options trading, with a total trading volume of 125.1K options for the day, of which put options accounted for 37.63% of the total
Reports suggest that Biden will officially block Japan's acquisition of United States Steel (X.US) Trade, causing a nearly 10% drop in the stock of United States Steel.
According to Bloomberg, it has been reported that President Biden plans to formally block the Trade of United States Steel (X.US) by Japan under the pretext of National Security later this month. United States Steel fell 9.7% on Tuesday. The report states that the Committee on Foreign Investment in the United States has been reviewing the proposed acquisition for most of this year and must submit its decision to Biden by December 22 or 23.
US Steel Slumps 11%, White House Ready to Formally Block Proposed Buyout by Nippon Steel, Bloomberg Reports
Express News | U.S. Steel Shares Last Down 11.4%
United States Steel Corp Shares Resume Trade
United States Steel Shares Are Trading Lower Amid Circulation of Reports Suggesting Biden Is Set to Stop Nippon Steel's Proposed Purchase of the Company.
Express News | White House: No Update on Nippon Steel-U.S. Steel Deal
Express News | Biden will ultimately block Japan Steel's acquisition of United States Steel.
United States Steel Corp Shares Halted On Circuit Breaker To The Downside, Stock Now Down -8.79%
Express News | NYSE Halt US Steel Corp Add Info Lst $35.610000
Express News | Market News: Japan Steel Company announced the distribution of year-end bonuses to United States Steel employees.
Press Release: Nippon Steel Announces Closing Bonus for U. S. Steel Employees