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Cleveland-Cliffs, Nucor reportedly plan offer to buy US Steel

Cleveland-Cliffs (CLF) and Nucor (NUE) are reportedly planning an all-cash offer for US Steel (X), according to reports from CNBC. The reports come after the Biden administration blocked the sale of US Steel to Japanese steel-making giant Nippon Steel. Senior Markets Reporter Ines Ferré joins Catalysts co-hosts Seana Smith and Madison Mills to break down the reported deal and what it means for US Steel. To watch more expert insights and analysis on the latest market action, check out more Catalysts here. This post was written by Naomi Buchanan.

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Moderna cuts sales forecast on weaker vaccine demand

Moderna shares slumped Monday on the company's downgraded 2025 outlook.

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Moderna stock plunges on sales forecast cut

Moderna (MRNA) shares tumble after the pharmaceutical company lowered its sales forecast amid weak demand for COVID and RSV vaccines. Seana Smith and Brad Smith outline what investors need to know about the sales cut. The sales outlook cut comes ahead of President-elect Donald Trump’s return to the White House, fueling uncertainty given that Trump’s Food and Drug Administration (FDA) nomination, Robert F. Kennedy Jr., has been outspoken with his antivaccine views. To watch more expert insights and analysis on the latest market action, check out more Morning Brief here. This post was written by Naomi Buchanan.

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Why U.S. Steel Stock Soared Today

U.S. Steel (NYSE: X) has been in the news for months since Japan's Nippon Steel made a generous offer for the iconic American steelmaker. Nippon's $14.9 billion bid in late 2023 represented a nearly 40% premium to U.S. Steel's share price at the time. Most recently, President Biden blocked Nippon's $55-per-share cash bid on national security concerns.

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Biotech stocks put up a split showing at JPM, where names like BridgeBio, ARS and Harmony stood out with strong preliminary reports.

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Why Fertilizer Makers, Including NTR and CF, Are Climbing Today

Multiple fertilizer makers are climbing today after investment bank Piper Sandler upgraded several names in the space today. Nutrien (NTR) is advancing 4.7%, while CF Industries (CF) is gaining 7% and LSB Industries (LXU) is soaring 22%. Rare Double Upgrades Piper raised its rating on NTR, CF, and LXU by two levels in a note […]

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The Dow Jones rose even as other indexes fell on the stock market today. Nvidia swooned on a Biden AI move. Bill Ackman made an offer.

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Cleveland-Cliffs and Nucor Mull Fresh Bid for U.S. Steel

Cleveland-Cliffs is discussing joining with Nucor on a possible bid for U.S. Steel that is still likely months away from happening, according to people familiar with the matter. U.S. Steel had planned to sell itself to Japanese steelmaker Nippon Steel but President Biden earlier this month blocked the transaction over concerns about foreign ownership and national security. Cleveland-Cliffs aims to purchase all of U.S. Steel with cash, and then sell Big River Steel, a mill in northeast Arkansas, to Nucor, the people said.

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Cleveland-Cliffs and Nucor Consider Joint US Steel Bid

(Bloomberg) -- Cleveland-Cliffs Inc. is partnering with Nucor Corp. to weigh a potential joint bid for United States Steel Corp., according to a person familiar with the matter. Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyA Blueprint for Better Bike LanesWhat Robotaxis Brought San FranciscoAmbitious High-Speed Rail Plans Advance in the Baltic RegionThe companies are considering an offer that would involve Cleveland-Cliffs acquiring most of US Steel and Nucor

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The Nasdaq and the S&P 500 slump as Biden's new AI rules rattle Nvidia and other tech stocks

The Nasdaq and S&P 500 fell on Monday as a continued selloff in tech stocks extended losses sparked by stronger-than-expected job reports.

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Moderna stock crashed Monday after the firm slashed its outlooks for 2024 and 2025, and announced an expanded cost-cutting initiative.

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These Stocks Are Moving the Most Today: Nvidia, Micron, Moderna, Intra-Cellular Therapies, D-Wave Quantum, Edison, U.S. Steel, and More

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Abercrombie and Fitch (ANF) Stock Trades Down, Here Is Why

Shares of young adult apparel retailer Abercrombie & Fitch (NYSE:ANF) fell 19.9% in the morning session after the company reported underwhelming sales and earnings forecasts, falling short of high expectations for retail stocks fueled by strong demand ahead of the holiday shopping season. ANF bumped its sales growth outlook for Q4 2024 to a range of 7-8% from a prior range of 5-7%. However, this modest increase lags far behind the robust double-digit growth the company achieved in the same quart

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Cancer-Focused Phio Pharmaceuticals Stock Gains 300% On Monday - Here's Why

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US Steel Stock Jumps as Cleveland-Cliffs and Nucor Reportedly Mull Joint Bid

U.S. Steel shares jumped Monday on a report that Cleveland-Cliffs is teaming up with rival Nucor for a potential bid for the company, whose $14.1 billion buyout by Nippon Steel was recently blocked by President Joe Biden.

Investopedia 2 hours ago

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Cleveland-Cliffs and Nucor plan joint bid for US Steel

Cleveland-Cliffs and Nucor are set to launch a joint bid to acquire US Steel just weeks after US President Joe Biden blocked the $15bn takeover...

PREMIUM
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Why U.S. Steel (X) Stock Is Climbing Today

United States Steel (X) stock is advancing 8.5% today after it was reported that two American steel firms are interested in buying it. Also importantly, the Biden administration delayed the implementation of its order which would kill a proposed takeover of X by Japan’s Nippon Steel (NPSCY). Cleveland Cliffs Is Reportedly Interested in Buying X […]

Insider Monkey 2 hours ago

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J&J Announces A Splashy $14.6 Billion Deal, While Lilly Tacks On A Cancer Drug

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Top Stock Movers Now: Moderna, Macy's, Valero Energy, and More

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Return	0418.HK	HANG SENG INDEX
YTD	+6.00%	-5.82%
1-Year	+168.35%	+16.19%
3-Year	+32.50%	-22.65%

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