Business & Industry-Specific Dynamics

U.S. Steel and Nippon Steel have filed lawsuits against President Biden and Cleveland-Cliffs, alleging political corruption in the merger review process and collusion to block their deal, highlighting tensions in the steel industry.

Michael Barr's departure as Fed Vice Chair for Supervision raises questions about the influence of political changes on financial regulation. His tenure included efforts to revise regulations that faced significant opposition from various stakeholders.

The C.F.P.B. has filed a lawsuit against Vanderbilt Mortgage, a Berkshire Hathaway subsidiary, alleging it issued risky loans to manufactured home buyers. The lawsuit demands changes in practices and restitution for affected customers, highlighting ongoing concerns about lending practices in the manufactured housing sector.

The U.S. has added Tencent and CATL to its blacklist of Chinese military companies, prompting Tencent to assert that the designation will not affect its business. This move signals potential risks for U.S. businesses engaging with these firms.

Journalists at The Athletic are seeking to unionize under the Times Guild, advocating for the same benefits as New York Times members. This move follows The Times' acquisition of The Athletic and the disbanding of its own sports section.

Amazon's recent deal to produce a film about Melania Trump has intensified scrutiny on Jeff Bezos's relationship with the incoming administration, amid ongoing turmoil at The Washington Post, including staff departures and layoffs.

U.S. Steel and Nippon Steel have filed lawsuits against President Biden and others, claiming a conspiracy to block their $14.1 billion merger, which was rejected over national-security concerns.

Disney is set to merge Hulu + Live with FuboTV, a move aimed at consolidating live TV streaming services and resolving ongoing litigation related to the Venu Sports joint venture.

Citi has downgraded CME Group to neutral, citing expectations of muted growth after two years of double-digit revenue increases. The firm prefers to wait for clearer catalysts before investing further.

Siemens's Smart Infrastructure CEO emphasizes that the global supply of green energy is insufficient for data centers, urging operators to seek alternative solutions to meet the rising energy demands of AI technologies.

Guardian Bikes, after relocating production to Indiana, still relies on Chinese parts. The company aims to source American-made components, especially in light of potential tariffs from the Trump administration.

Oil futures experienced a decline after a five-day increase, influenced by a weaker dollar and cold weather, while concerns over speculative trading and bearish fundamentals contributed to market volatility.