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The Latest Breaking News from US Steel

The GOP's 'Capitalism' is Central Planning with MAGA Branding

Socialism is government control of the means of production. When the government becomes your largest shareholder, that's a strong first step.

Reason

Heavy Hand: Free-market US Tested As Trump Takes Stakes In Private Companies

The Trump administration is in talks to take an equity stake in Lithium Americas, which would insert the government into another private enterprise in the latest challenge to American free-market traditions.

International Business Times

The White House says it blocked US Steel's decision to stop processing steel at Illinois plant

The White House says it intervened to block a decision to stop processing raw steel at U.S. Steel’s Granite City Works plant in Illinois

The Independent UK

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Trump is already wielding his 'golden share' authority at U.S. Steel, overriding the company’s plans for an Illinois plant, report says

This marks the latest move by the administration to exert power over private industry.

Fortune

Trump's Economic Intervention

What to Make of Washington's Increasingly Hands-On Approach to Big Business

Kiplinger

Before the U.S. Steel Explosion, a Legacy of Cost-Cutting and Broken Promises

Canceled upgrades, insufficient maintenance and political lobbying preceded deadly explosion at Pennsylvania’s aging steel plant.

Capital & Main

Trump says Intel agreed to give the government 10% of the chipmaker. ‘We do a lot of deals like that. I’ll do more of them’

Commerce Secretary Howard Lutnick previously said the U.S. government should receive equity in return for the CHIPS Act cash grants Intel has received.

Fortune

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Trump administration considers 10% stake in Intel to rescue embattled chip maker: reports

Talk of a potential U.S. share in the chip maker comes after Trump called on the CEO of Intel to resign earlier this month over his China ties

The Independent UK

Fatal explosion at U.S. Steel's plant raises questions about its future, despite heavy investment

The explosion this week at U.S. Steel's Pittsburgh-area plant has reignited debate about its future

The Independent UK

Gas valve failure during routine maintenance work may have led to fatal explosion, US Steel says

U.S. Steel says preparations for a routine maintenance task may have led to an explosion at a U.S. Steel coal-processing plant near Pittsburgh that left two dead, sent 10 to hospitals and damaged part of the sprawling facility

The Independent UK

Intel Is Reportedly the Latest Company Trump Wants a Piece Of

Since returning to office in January, Trump has floated several deals that would involve the feds taking a piece of an American company.

Reason

Air quality concerns linger in the wake of steel plant explosion in Pennsylvania

Allegheny County is increasing air quality monitoring after an explosion at a U.S. Steel plant south of Pittsburgh killed two people and injured more than 10 others

The Independent UK

Who is Ethan Guo? The teenage influencer trying to fly across all seven continents solo

Authorities say 19-year-old landed his small plane illegally in Chilean territory and he was charged on June 29 with handing false information to ground control and landing without authorization

The Independent UK

Dad of three was killed in Pennsylvania steel plant explosion and his sister is demanding answers on lack of information

Timothy Quinn, a father of three who worked at the U.S. Clairton Coke Works plant, was one of two victims in an explosion at the plant on Monday.

The Independent UK

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Benzinga

US Steel Clairton Coke Plant Rocked By Explosion: 2 Dead, 10 Injured

An explosion at U.S. Steel's Clairton Coke Works outside Pittsburgh killed two people and sent at least 10 to area hospitals Monday, heavily damaging part of the sprawling Mon Valley facility and sending a plume of black smoke over nearby neighborhoods, officials said.

Euronews

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.

The Independent UK

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

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The Guardian - US

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

Al Jazeera

One dead, dozens injured in steel plant explosion in Pennsylvania

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

The Independent UK

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

Reason

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.

The Independent UK

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

Reason

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.

Benzinga

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.

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