U.S. President Joe Biden has decided to block Nippon Steel's $14.9 billion takeover bid of U.S. Steel, according to a Washington Post report.
Shares of Tesla fell on Thursday after the automaker reported its first drop in annual delivery numbers.>Sign up for NBC Philadelphia's News Headlines newsletter. U.S. stock futures rose slightly Friday after a choppy trading session kicked off the new year. Futures tied to the, the Washington Post reported on Friday, citing two unnamed administrative officials. The White House is expected to announce Biden's decision as soon as Friday, according to the Washington Post. The decision was referred to Biden on Dec. 23 after the Committee on Foreign Investment in the United States failed to reach a consensus.
rose 3% to $97,234.80 Thursday, bringing its new year gain to nearly 4% when counting trading from the Jan. 1 session. Despite a record postelection rally that sent bitcoin above $100,000, crypto assets slid at the year's end. But investors are optimistic that President-elect Donald Trump will follow through on his promises to create a more favorable regulatory environment for the industry once he's in office.
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