President Biden is expected to block Nippon Steel’s $14 billion takeover of U.S. Steel, citing concerns about national security and the need to keep the American company American-owned. The decision may lead to legal battles and strain relations with Japan, although it is seen as a necessary move to protect U.S. interests and preserve American jobs. The rejection of the deal could prompt U.S. Steel to seek alternative investment options to upgrade its plants and remain competitive in the steel industry.
Full Article
Trump fires director of the Smithsonian’s National Portrait Gallery
SummaryPresident Trump has dismissed Kim Sajet, the director of the Smithsonian Institution's National Portrait Gallery, citing her strong support for Diversity, Equity, and Inclusion (DEI) as inappropriate for her role. This decision is part of Trump's broader initiative to reshape federal cultural institutions, as he has previously criticized the Smithsonian for what he calls leftist ideologies. In addition, he has signed an executive order to eliminate perceived divisive ideologies from the Smithsonian's programs and has...
Read more