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A federal committee leaves the decision on the purchase of US Steel in the hands of Joe Biden

The United States Foreign Investment Committee (CFIUS), a federal agency chaired by the Treasury Department, told the White House that it is unable to reach an agreement on the purchase of the steel company US Steel by the Japanese Nippon Steel.

The committee informed Washington that it has not reached a consensus on the risk that the operation – valued at 14.9 billion dollars – would pose in national security, thus passing the final decision to President Joe Biden, who has previously opposed the transaction.

“The CFIUS has notified us that the committee has not been able to reach a consensus on the transaction and has sent it to the president to make a decision,” the American company reported today in a statement released on its social networks.

The company indicated that the operation is “the best way” to ensure that US Steel, its employees, communities and customers, “thris in the future.”

And he added that “it improves US national and economic security through investment in manufacturing and innovation and forges a steel alliance to combat China’s competitive threat.”

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“We hope that President Biden does the right thing and adheres to the law,” he said.

Biden, who has previously alleged that “US steel companies should be owned by Americans,” is expected to block the operation before leaving the White House.

Last December, Nippon Steel reached an agreement for the acquisition of the American company that was founded 122 years ago, although since then the operation has been quarantined by the US authorities.

The Japanese company also offered to invest another 2.7 billion in modernizing its plants (which are spread throughout the country), guaranteeing jobs and the majority presence of Americans in its management team and its Board of Directors.

The operation – which would create the third largest steel company in the world – has also been opposed by President-elect Donald Trump, who spoke out “totally against the once large and powerful US Steel being bought by a foreign company.”

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They ask Nippon for guarantees

Likewise, the president of the United Steelworkers (USW) union, David McCall, is also against the transaction, who has asked Nippon Steel to guarantee the “protection of jobs,” as he believes that the Japanese company will “abandon” the company.

For his part, the company’s CEO, David Burritt, told The Wall Street Journal in September that if the sale was not authorized, U.S. Steel would have to close plants and eliminate thousands of jobs in the country.

The acquisition, designed to compete against Chinese rivals, would create the third largest steel mill in the world.
After the news was announced, US Steel shares on the Wall Street stock exchange fell by 3% in operations after closing.

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International

Protests erupt over Florida’s ‘Alligator Alcatraz’ migrant jail in the Everglades

Hundreds of environmentalists, Indigenous leaders, and activists gathered on Saturday to protest against the planned opening of a migrant detention center dubbed “Alligator Alcatraz,” which, according to Florida Governor Ron DeSantis, could begin operating as early as Tuesday and hold up to 3,000 migrants.

The protest took place amid active construction at the site, located in the Everglades Natural Park—an ecologically sensitive wetlands region west of Miami. Demonstrators raised concerns about the environmental impact on an area that is home to 36 native species of plants and animals that are threatened or endangered.

Protest signs read messages such as: “This scam will cost us $450 million and destroy our precious Everglades,”“Continuing with ‘Alligator Alcatraz’ is criminal,” and “These are concentration camps on Indigenous land.”

The backlash intensified after a televised segment aired the night before on Fox and Friends, where DeSantis toured the facility—built on an abandoned airport—and suggested the detention center could start receiving migrants as early as Tuesday.

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Internacionales

Jalisco’s grim discovery: drug cartel mass grave found in construction site

A mass grave was discovered in a residential area under construction in the municipality of Zapopan, part of the metropolitan area of Guadalajara, the capital of the Mexican state of Jalisco.

“After analyzing the recovered remains, they correspond to 34 individuals,” said a state official during a press conference. Jalisco has one of the highest numbers of missing persons in Mexico, largely due to the activity of drug cartels.

As of May 31, official data shows that Jalisco has recorded 15,683 missing persons, according to the state prosecutor’s office. Authorities attribute most of these cases to criminal organizations, which often bury or cremate their victims clandestinely.

“The construction company notified us at the end of February after discovering some remains,” explained the official, González, adding that excavation efforts have been ongoing since then.

The Jalisco New Generation Cartel (CJNG) operates in the region and was designated as a foreign terrorist organization earlier this year by the administration of U.S. President Donald Trump. Washington has accused CJNG and the Sinaloa cartel of being the main sources of fentanyl trafficking, a synthetic opioid responsible for tens of thousands of overdose deaths in the U.S.

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Mexico has accumulated more than 127,000 missing persons, most of them since 2006, when the federal government launched a heavily criticized military-led anti-drug offensive.

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International

U.S. targets families of sanctioned drug traffickers with new Visa restrictions

U.S. Secretary of State Marco Rubio announced on Thursday a new visa restriction policy targeting the family members and close associates of individuals sanctioned for drug trafficking, as part of efforts to combat the spread of fentanyl.

Overdoses from this synthetic opioid remain the leading cause of death among Americans aged 18 to 44. According to official sources, more than 220 overdose deaths are reported daily in 2024, and over 40% of Americans know someone who has died from opioid-related causes.

“Today, I am announcing a new visa restriction policy (…) which will apply to close family members and personal or business associates of individuals sanctioned for drug trafficking,” Rubio said in a statement.

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