President Biden has blocked Nippon Steel's $14.9 billion takeover bid for U.S. Steel, citing national security concerns. Tesla shares fell over 6% after reporting a decrease in annual deliveries. Despite a choppy start to the year, U.S. stock futures edged up slightly. Meanwhile, bitcoin surged over 3%, reaching nearly $97,234.80.
U.S. President Joe Biden has decided to block Nippon Steel's $14.9 billion takeover bid of U.S. Steel , according to a Washington Post report. Shares of Tesla fell on Thursday after the automaker reported its first drop in annual delivery numbers. U.S. stock futures rose slightly Friday after a choppy trading session kicked off the new year. Futures tied to the S&P 500 edged up 0.1% Friday after a choppy trading session kicked off the new year, according to the Washington Post.
The White House is expected to announce Biden's decision as soon as Friday, according to the Washington Post. The decision was referred to Biden on Dec. 23 after the Committee on Foreign Investment in the United States failed to reach a consensus. The CFIUS was concerned that Nippon Steel could cut the production capacity of U.S. Steel following the acquisition, which would pose a risk to U.S. national security. The company's fourth-quarter vehicle production and deliveries report said deliveries dropped to 1,789,226 in 2024 compared with 1.81 million in 2023. Deliveries are the closest approximation of sales reported by Tesla but are not precisely defined in the company's shareholder communications. Tesla shares were down more than 6% following the report on Thursday.bitcoin rose 3% to $97,234.80 Thursday, bringing its new year gain to nearly 4% when counting trading from the Jan. 1 session. Despite a record postelection rally that sent bitcoin above $100,000, crypto assets slid at the year's end. But investors are optimistic that President-elect Donald Trump will follow through on his promises to create a more favorable regulatory environment for the industry once he's in office. They also hope Congress will pass its first-ever crypto-focused legislation to help structure the market.when they did choose to go out for food. Overall U.S
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