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Key Deals for the Week: Honda, Nippon, Murdoch's News Corp, L'Oreal and More
ABAT, KULR and GME Among Trending Stocks in the Slow Holiday-shortened Week
Nippon Steel plans to delay the acquisition of United States Steel (X.US) until at least March of next year.
According to the Kyodo News, it is no longer possible for Nippon Steel to complete its acquisition of United States Steel (X.US) within the year as originally planned, therefore it has decided to postpone the deadline to no later than March of next year, and strongly hopes that President Biden will provide a fair and fact-based assessment regarding the acquisition. The Committee on Foreign Investment in the United States (CFIUS) has entrusted Biden with the decision of whether to permit the acquisition, and U.S. antitrust authorities are continuing their review, prompting Nippon Steel to change the expected completion time for the acquisition.
Is the acquisition of US Steel in jeopardy? Nippon Steel makes a final effort: requesting Biden to approve the Trade.
① Nippon Steel plans to invest 2 trillion yen to acquire United States Steel, but faces opposition from both parties in the US, leaving the fate of the Trade uncertain; ② Nippon Steel has extended the delivery deadline for the acquisition case to the first quarter of 2025 and is working to gain support from American politicians.
U.S. stock market close | The three major Indexes had mixed performances, with the Dow rising for five consecutive days; Drone Concept stocks surged, with SES jumping 100%; Apple continued to reach new highs, with its Market Cap approaching 4 trillion dol
After the Christmas holiday, trading is quiet. The S&P and Nasdaq briefly turned positive, with Apple reaching a new high and its Market Cap approaching 4 trillion dollars. Tesla fell by 1.8%, NVIDIA's decline narrowed, Broadcom rose over 2%, Drone concept stocks surged, the Chinese concept index rose by 0.9% at one point, Ideal Autos increased by more than 9%, and Kingsoft Cloud rose over 14%.
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