Nippon Steel to acquire U S Steel in 14 1 billion deal
Nippon Steel will pay 55 a share to buy U S Steel in an all cash transaction valued at about 14.1 billion and including debt 14.9 billion. The combined group would rank among the top three global steel producers and expand Nippon's U S and Asia operations.
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Baowu Group
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India
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ASEAN
Salmonella outbreak linked to cantaloupes widens across U S and Canada
The outbreak sickens hundreds in the United States and Canada with at least four deaths in the U S and six in Canada. Investigators trace tainted cantaloupes from Sonora Mexico brands Malichita and Rudy imported by Sofia Produce and Pacific Trellis Fruit. Recalls surpass 36 000 boxes, with sources citing packing plants and variable farm conditions as factors.
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Centers For Disease Control and Prevention
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Sonora
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Los Angeles
U.S. Department of Agriculture
FDA
Trevor Suslow
University of California, Davis
Suslow
New York
Stocks close mixed after seven week winning streak ends
The S P 500 rose 0 5 percent and the Nasdaq gained 0 6 percent while the Dow hovered near flat as retailers and big tech led advances Nvidia rose 2 4 percent Amazon 2 7 percent Etsy 4 7 percent Meta 2 9 percent Netflix 3 percent BP Valero and Marathon rose on oil price gains U S Steel jumped 26 1 percent after Nippon Steel bid worth about 14 1 billion Adobe fell 2 5 percent on Figma buyout collapse Masonite fell 16 percent on PGT deal 13 billion. Treasury yields mostly higher with the 10 year at 3 95 percent. The S P 500 closed at 4740 56 Dow at 37306 02 Nasdaq 14904 81.
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