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...The Biden administration defended the LNG pause this week in a letter to the American Petroleum Institute, a Big Oil lobby group that has campaigned against it, saying the approvals process needed updating...
...Biden made no mention of Nippon’s business in China, however, focusing instead on the need to retain American jobs....
...This time it’s Joe Biden’s insistence that Pennsylvania-based US Steel being taken over by a company from the US’s close ally Japan is a threat to national security....
...On Wednesday he vowed to keep US Steel in American ownership, and called for higher tariffs on Chinese steel and aluminium imports in a bid to shore up support with unions....
...And both of those messages, in a way, come down eventually to the same thing, which is about protectionism and about exuding American economic power on the global stage, about resisting China....
...The $1.6tn fund’s chief executive told the FT it was “worrisome” that American companies were outpacing their European rivals on innovation and technology, leading to vast outperformance of US shares in...
...Nippon offered $55 a share in cash for US Steel in December, months after the American company had rebuffed a lower offer from US-based Cleveland-Cliffs....
...“It is important for us to get ahead of China’s new export surge and their continued pressure on prices that make it hard for American steel companies to compete,” said a senior US official, who added that...
...In today’s newsletter: Thames Water’s Chinese lenders AT1 documents fight Blackstone’s luxury sale Thames Water’s Chinese stand-off Critics of Britain’s water company privatisation have recently accused...
...US company Natural Hydrogen Energy has drilled an exploratory well in Nebraska. “It will take a couple of years to ramp up to commercial production,” said Viacheslav Zgonnik, chief executive....
...While Elliott is known for its hardball tactics with creditors — for instance seizing an Argentine naval vessel during a protracted tussle with the Latin American nation — British water company legislation...
...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said....
...And better destroy American families while you’re at it.”...
...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said in a statement on Thursday....
...(In the interest of accuracy we are reckoning in the same feet used by American charts and the Corps of Engineers.) The Chief’s Report was only a recommendation....
...The company declined to confirm the Cfius filing....
...Shipping by water is cheaper and cleaner than by truck or air....
...That is bad news for Biden as he struggles to convince Americans that price rises have been contained — and that they should give him another four years in residence at 1600 Pennsylvania Avenue....
...The former breed in open water, the latter in smaller stagnant pools — with rain and temperature differently affecting their reproduction....
...In raising concerns over the deal Biden did not refer to national security, speaking only of the need to maintain “strong American steel companies powered by American steel workers”....
...Flow, Neumann’s new property company confirmed that “a coalition of half a dozen financing partners . . . submitted a potential bid” two weeks ago....
...Biden will probably need to win Pennsylvania and Michigan, where the company has plants, to clinch re-election in 2024....
...In the US, it and fellow index fund providers BlackRock and State Street have come under scrutiny from the left and right for the influence they wield by holding large stakes in most American public companies...
...Companies: Abbott Laboratories and infrastructure company Kinder Morgan are scheduled to report first-quarter earnings. Five more top stories 1....
...American companies like Microsoft and Alphabet reported strong quarterly earnings this week. Yesterday, Meta, Amazon and Apple had their turn, and they didn’t disappoint either....
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