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Trump touts ‘blockbuster agreement’ between US Steel, Nippon: ‘Stays an American company’

President Donald Trump on Friday touted the steel deal that will allow Nippon Steel to invest in U.S. Steel without an outright acquisition of the company during a rally with steelworkers in West Mifflin, Pennsylvania. Nippon Steel initially proposed buying U.S. Steel in 2023 for $14.9 billion, but the deal was put on hold due to political opposition. Former President Joe Biden blocked the deal on national security grounds in January before leaving office, though the two…

Finance news

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PBS Sues Trump Over Funding Cuts to Public Media

2025-05-30T21:23:44Z Share Facebook Email X LinkedIn Copy link lighning bolt icon An icon in the shape of a lightning bolt. Impact Link Save Saved Read in app This story is available exclusively to Business Insider subscribers. Become an Insider and start reading now. Have an account? Log in. PBS sued…

Business

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Markets

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Elon Musk Tells the Story Behind His Black Eye

Elon Musk is no stranger to rolling with the punches — and a recent one apparently landed.Musk was sporting a black eye while standing next to President Donald Trump in the Oval Office on Friday.The bruise was visible beneath his DOGE hat, and the Tesla CEO was eventually asked about…

Investing

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Stellantis CEO Filosa To-Do List Topped By Profitability Restoration

New Stellantis CEO Antonio Filosa’s check list includes restoring profitability, negotiating his way around the U.S. tariff upheaval, facing down the electric vehicle revolution, and then figuring out what to do with all those brands. Stellantis’s operating profit margin in 2024 was 5.5%, down sharply from 2023’s 12.8%. Stellantis had…