Nippon Steel U S Steel sue over Biden block on deal
Nippon Steel and U S Steel file federal suits alleging the Biden administration made a political decision to block Nippon's 15 billion acquisition of U S Steel. The firms claim the move threatens U S national security and cites investments in Gary Indiana and Mon Valley.
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Biden bans offshore drilling across most U S coasts
President Biden moves to ban new offshore oil and gas leasing along the East and West coasts the Gulf and parts of Alaska under the Outer Continental Shelf Lands Act protecting more than 625 million acres. The action aims to shield coastlines from drilling and curb greenhouse gas emissions amid a transition to clean energy.
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Tech stocks lead market rise on a holiday-shortened week
U.S. stocks rose as tech shares led gains with Nvidia jumping 3.4 percent near CES while the S&P 500 gained 0.6 percent and the Nasdaq rose 1.2 percent. Uber advanced 2.7 percent on a stock buyback plan, and real estate fell as rates pressured the sector before key economic data and Fed minutes.
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