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The Latest Breaking News from US Steel

Two people dead, 10 others injured in explosion at US Steel plant in Pennsylvania

The plant, a massive industrial facility along the Monongahela River south of Pittsburgh, is considered the largest coking operation in North America and is one of four major US Steel plants in Pennsylvania.

Euronews

An explosion at a plant owned by US Steel, an icon of American industry, has killed 2. What to know

An explosion at a U.S. Steel plant south of Pittsburgh has killed two people and injured 10 others

The Independent UK

Officials are still investigating the cause of a Pennsylvania steel plant explosion that killed 2

Officials are still working to determine the cause of an explosion that rocked a steel plant outside Pittsburgh, leaving two dead and 10 injured

The Independent UK

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Explosion ‘like thunder’ at Pennsylvania US Steel plant leaves two dead

Second fatality reported after body of one worker pulled from wreckage of coking facility in Clairton after explosion sent black smoke into the sky

The Guardian - US

One dead, dozens injured in steel plant explosion in Pennsylvania

The massive US Steel coking plant is the largest such facility in North America.

Al Jazeera

Explosion at US Steel plant in Pennsylvania leaves dozens hurt and people trapped under rubble

An explosion at a U.S. Steel plant near Pittsburgh has left dozens wounded and people trapped under the rubble, with emergency workers on site trying to rescue them

The Independent UK

Apple CEO Tim Cook Has Learned the Rules for Getting Ahead in Trump's America

When the line between public and private is erased, politics is all about special favors. That's gross.

Reason

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Trump and Sen. Dave McCormick team up to promote energy investments in Pennsylvania

President Donald Trump and Sen. David McCormick of Pennsylvania are planning on announcing roughly $70 billion of energy investments at a new summit that focuses on energy and innovation

The Independent UK

Trump's Controlling Stake in U.S. Steel Is Indefensible Socialist Nonsense

Any decisions made by U.S. Steel's executives and shareholders will require approval from Trump, his appointees, or his successors.

Reason

Trump Gets 'Golden Share' In $14 Billion US Steel Deal, But Control Shifts To Federal Agencies Under Future Presidents

Nippon Steel Corp. (OTC:NPSCY) completed its acquisition of United States Steel Corp. (NYSE:X), with President Donald Trump securing unprecedented “golden share” powers that grant the U.S. government veto authority over key corporate decisions.

Benzinga

US Steel buyout gives Trump a new power: What about future presidents?

President Trump holds a veto power on specific matters and has the right to appoint an independent director as part of the Nippon Steel takeover.

Euronews

With his 'golden share' in U.S. Steel, Trump turns to a mechanism more common elsewhere in the world

Nippon Steel offered Washington a "golden share," which gives the government oversight over some decisions, to get approval for its takeover of U.S. Steel.

Fortune

Trump-Backed US Steel Deal with Nippon Finalized, Sparks Job Boom

US Steel finalizes deal with Nippon Steel, backed by Trump, promising over 100,000 US jobs and $11 billion in investments.

International Business Times

Nippon Steel finalises US Steel takeover after state opposition

The pursuit by Nippon Steel of the Pittsburgh-based company has hindered by national security concerns

Euronews

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The Guardian - US

Trump news at a glance: president equivocates on Iran as US split over intervention

Possibility of US intervention is exposing sharp divisions in president Donald Trump’s base – key US politics stories from 18 June

International Business Times

Nippon, US Steel Say They Have Completed Partnership Deal

Nippon Steel and US Steel announced Wednesday they have completed a partnership deal in which the US government will essentially have veto power over significant decisions affecting US jobs.

The Independent UK

Nippon Steel finalizes $15B takeover of US Steel after sealing national security agreement

Nippon Steel and U.S. Steel say they've finalized their “historic partnership,” a year-and-a-half after the Japanese company first proposed its deal to buy the iconic American steelmaker for nearly $15 billion

The Independent UK

Oil prices rise and US futures fall as Israel urges residents of Iran's capital to evacuate

Oil prices have resumed their upward climb and U.S. futures are lower after Israel's military issued an evacuation warning to 330,000 people in Iran's capital Tehran

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Reason

ICE on Ice

Plus: Suspect in Minnesota shootings arrested, Iran and Israel still fighting, Ross Ulbricht speaks, and more...

International Business Times

US Steel, Nippon Partnership Proceeds With Security Deal, 'Golden Share'

The partnership between US Steel and Nippon Steel has reached a new phase, with an agreement on US national security guarantees, in addition to the so-called "golden share" advantage obtained by President Donald Trump's administration.

The Independent UK

Trump clears path for Nippon Steel investment in US Steel, so long as it fits the government's terms

President Donald Trump has signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government

Barchart

Stocks Fall and Oil Rallies as Israel Attacks Iran

The S&P 500 Index ($SPX ) (SPY ) is down -0.96%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -1.53%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -1.05%. June E-mini S&P futures (ESM25 ) are down -0.79%, and June E-mini Nasdaq futures (NQM25...

The Guardian - US

‘Another snake-oil salesman’s pitch’: US workers wary of Trump’s steel deal

The president believes his Nippon Steel agreement will revive America’s steel industry – but workers are skeptical

The Guardian - US

Trump’s 50% tariffs on foreign steel and aluminum come into effect

Trading partners around the world express anger including Mexico which buys more steel out of the US than it sends the other way

Euronews

EU 'strongly regrets' Trump's announcement to double steel and aluminium tariffs to 50%

During a rally at a steel plant the US president announced that he will double tariffs on steel imports. Afterwards, he announced the same for aluminium. The measure, which would hit Europe hard, is supposed to come into force on 4 June.

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