US Steel Shares Plunge Amid Trump’s Foreign Acquisition Warning
December 3, 2024 - 14:05
Shares of US Steel are experiencing a notable decline on Tuesday following a strong statement from President-elect Donald Trump. Trump expressed his opposition on Truth Social to the potential acquisition of US Steel by the Japanese company Nippon Steel, asserting that he is “totally against” the deal. He further pledged to take action to “block” the acquisition, which has raised concerns among investors and analysts regarding the future of the company.
In a separate development, Tesla is preparing to appeal a judge's recent decision to reject CEO Elon Musk’s substantial $56 billion pay package. Musk took to social media platform X to voice his disagreement, stating, “Shareholders should control company votes, not judges.” This controversy has sparked discussions about corporate governance and executive compensation in the tech industry.
Other companies making headlines today include Super Micro Computer, Intel, and Zscaler, as market participants closely monitor the evolving financial landscape.
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