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...Brown is up for re-election in Ohio, which Trump won in 2016 and 2020, while Casey is in a tight re-election race in Pennsylvania....
...BCG is working with global tech giants and AI companies — from Microsoft and Google to OpenAI and Anthropic — to integrate their technology into company operations and processes....
...The Biden administration has revoked export licences that allow Intel and Qualcomm to supply Huawei with semiconductors as Washington increases the pressure on the Chinese telecoms equipment company....
...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...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”....
...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said....
...The steel plant at Port Talbot, it added, was “losing over £1mn a day, putting it at risk of closure and threatening 8,000 jobs in south Wales and thousands more in the wider supply chain....
...But it’s intriguing that the German supply chain law has managed to affect some powerful companies in ways people didn’t necessarily expect....
...Companies: Abbott Laboratories and infrastructure company Kinder Morgan are scheduled to report first-quarter earnings. Five more top stories 1....
...US Steel shareholders will receive a takeover price more than double the company’s trading value prior to an auction launched this summer. However, closing the deal may prove tricky....
...Joe Biden is preparing to oppose Nippon Steel’s proposed $14.9bn purchase of US Steel, a move that is likely to upset one of Washington’s closest allies but delight key voters in the rustbelt....
...“US Steel says, ‘Oh, it’ll be good for your members because they’re going to invest’,” McCall said in an interview. “But they won’t tell us where....
...The Luxembourg-based steel company, which is chaired by Indian tycoon Lakshmi Mittal, uses the site in Kent to supply reinforcement materials for the construction industry....
...US Steel has plants in Pennsylvania and Michigan, two states Biden is likely to need to win to clinch re-election in November....
...appears to deserve serious scrutiny in terms of its potential impact on national security and supply chain reliability”....
...“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...
...Whether the acquisition is approved or blocked by US authorities for national security reasons, Nippon Steel’s current dilemma has significant implications for Japan Inc as companies pursue growth outside...
...Ten months later and the ITC is still running seminars for companies on how to fill in the forms. (There’s one tomorrow on Webex if you’re interested.)...
...UK Steel wants the government to ensure the industry has enough scrap steel supplies in preparation for what it predicts will be a “surge in demand” in Britain and worldwide....
...Some experts are sceptical that Port Talbot’s EAFs will be able to match the plant’s steel output today — and say that in a geopolitical crisis or a supply squeeze their production could not be ramped up...
...Exhibit A: Nippon Steel’s $14.9bn takeover offer for US Steel....
...Biden will probably need to win Pennsylvania and Michigan, where the company has plants, to clinch re-election in 2024....
...From a political perspective, you’re right to link them: they’re both about Biden’s fight to retain the blue-collar labour vote in states like Pennsylvania, which will be critical to his re-election hopes...
...Still, this does not constitute a full re-rating. Tesla’s enterprise value remains many times the size of carmakers such as Ford. Investors seem keen to give Musk the benefit of the doubt....
...US steel unions have asked President Joe Biden to open a trade investigation into alleged Chinese unfair economic practices in the shipbuilding and maritime logistics sectors....
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