logo
episode-header-image
Jan 2025
17 m

Steel Standoff: The Blocked Nippon-US St...

Skip Montreux, Dez Morgan & Samantha Vega | Business English Instructors
About this episode
In a surprising turn of events, the outgoing Biden administration blocked a $14.9 billion deal for Nippon Steel to acquire US Steel, citing national security concerns. This decision has sparked legal battles, raised diplomatic questions, and left the future of one of America’s most iconic companies uncertain. But is this move purely about security, or are th ... Show More
Up next
Sep 26
100 Coffins - The Life and Times of Zhu Rongji
Zhu Rongji went from being branded a political outcast to becoming one of the most important economic reformers in modern Chinese history. As mayor of Shanghai, vice premier, central bank governor and eventually premier, he helped tackle inflation, restructure China’s huge state- ... Show More
32m 20s
Aug 20
The Yen Carry Trade
For nearly thirty years, extremely low interest rates in Japan have made the yen one of the world’s most important funding currencies. Investors have borrowed cheap yen and invested the money in higher-yielding assets around the world. But as the Bank of Japan raises interest rat ... Show More
25m 48s
Aug 10
The Fall and Resurgence of Intel … Maybe
For decades, Intel was one of the most dominant companies in the global technology industry. Its processors powered the majority of personal computers, and its ability to both design and manufacture its own chips gave the company a major competitive advantage. But a series of str ... Show More
22m 45s
Recommended Episodes
Sep 2024
How the Election Is Sinking a $15 Billion Business Deal
<p>In a highly unusual move, the Biden administration signaled last week that it would block a Japanese company from buying an iconic American company in a critical swing state.</p><p>Alan Rappeport, who covers the Treasury Department for The Times, discusses the politics that co ... Show More
20m 23s
Sep 2024
Steel Deal In Jeopardy… And Customers Pause On Microsoft’s Office AI Assistant 9/4/24
<p>Shares of U.S Steel plunging as the Biden Administration prepares to block the merger deal with Japan’s Nippon Steel. What the fallout means for U.S. Steel’s future, and the job cuts that could follow. Plus Microsoft’s AI snag. Customers of the company’s Office AI assistant pu ... Show More
43m 51s
Sep 2024
Stop the steel
Once the world's largest corporation, the now-struggling US Steel wants to sell itself to Japan's Nippon Steel. The United Steelworkers oppose the deal, and President Biden is backing the union. The Washington Post's David Lynch explains how the steel giant's future became an ele ... Show More
25m 22s
Jul 2025
The President's Golden Share in U.S. Steel
LIVE SHOW ALERT: August 18th, NYC. Get your tickets here. When news broke that a Japanese company, Nippon Steel, was buying the storied American steel company U.S. Steel, it was still 2023, just before an election. And right away, politicians from both sides of the aisle came out ... Show More
28m 22s
Jun 2025
Prof G Markets: Tariffs Blocked by Court, U.S. Steel’s Golden Shares & Neuralink’s Funding Round
Follow Prof G Markets: Apple Podcasts Spotify Scott and Ed discuss the trade court’s ruling that Trump lacked the authority to impose most tariffs, Trump Media’s plan to buy bitcoin and Nvidia’s first quarter earnings. Then they discuss Nippon Steel’s acquisition of U.S. Steel, a ... Show More
58m 40s
Jan 2025
What’s next for US Steel?
<p>Eurozone economists warn the European Central Bank has been too slow to cut interest rates, and US Steel faces a bleak outlook after President Biden’s decision to block its sale. UK businesses plan price increases as the Budget drives up costs, and CrowdStrike has more than re ... Show More
11m 2s
Oct 2024
The battle for US Steel
We look at how some leaders in the battleground state of Pennsylvania are fighting for the approval of a deal for a Japanese company to purchase US Steel Corporation. That’s despite strong opposition from the unions and both presidential candidates.(Picture: Edgar Thompson Plant ... Show More
17m 26s
Dec 2023
Adobe Scraps $20B Deal with Figma & Why Apple is Suspending the Next Apple Watch
Episode 216: Neal and Toby discuss why Adobe's $20 billion acquisition of Figma fell through and what it means for major mergers moving forward. Plus, why attacks on oil tankers are disrupting trade routes in the Red Sea and sales of the latest Apple Watch are being stopped due t ... Show More
27m 46s