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Biden blocks Japan's Nippon Steel from acquiring U.S. Steel – NBC News

BREAKING: Biden blocks Japan’s Nippon Steel from $15 billion takeover of U.S. Steel

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President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S. Steel by Japanese company Nippon Steel, capping off a yearlong business saga that drifted into election-year politics.
The decision comes after a national security review by a Treasury Department committee failed to reach a consensus on the deal and referred the final decision to the president in December. NBC News had reported in September that Biden was preparing to block the takeover.
The president, who leaves office in little more than two weeks, faced a challenging political calculus over the fate of the iconic Pittsburgh-based firm: Allowing a foreign entity with far greater resources to take it over could put the business on stabler financial footing. But keeping U.S. Steel in American hands risked the company’s survival under intense foreign competition.
“As I have said many times, steel production—and the steel workers who produce it—are the backbone of our nation,” Biden said in a statement. “A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains. … Without domestic steel production and domestic steel workers, our nation is less strong and less secure.”
U.S. Steel’s stock price dropped sharply on the news, declining 8% in pre-market trading Friday.
The roughly 11,000-worker company, founded in 1901, has dwindled since its heyday, when it employed a peak of roughly 340,000 during World War II. Its stock price has barely edged higher since the 1990s as cheaper steel production abroad, especially in Asia, ramped up.
When reached for comment Thursday night, a spokesperson for U.S. Steel referred to a previous statement, saying that the deal “enhances U.S. national and economic security through investment in manufacturing and innovation,” going on to argue that the transaction would “combat the competitive threat from China.”
“It is the best way, by far, to ensure that U. S. Steel, including its employees, communities, and customers, will thrive well into the future,” the spokesperson said. “It is our hope that President Biden will do the right thing and adhere to the law by approving a transaction that so clearly enhances U.S. national and economic security.”
Nippon Steel, Japan’s largest steelmaker, did not immediately respond to a request for comment.
The potential blocking of the deal had raised concerns that it could harm U.S. relations with Japan, a key U.S. ally and the country’s largest foreign investor.
There was no immediate comment from officials in Japan, where Friday was a bank holiday. Japanese government officials have previously declined to comment on matters concerning the management of individual companies but said it is essential for the U.S. and Japan to strengthen economic relations, “including the expansion of mutual investment.”
American and international business groups have also criticized what they say is the politicization of the deal.
The proposed acquisition drew controversy almost as soon as it was announced in December 2023, with Biden saying in a statement that month that it “appears to deserve serious scrutiny in terms of its potential impact on national security and supply chain reliability.”
Biden and his successor as the Democratic presidential nominee, Vice President Kamala Harris, both campaigned against the proposed acquisition, saying U.S. Steel should remain American-owned.
President-elect Donald Trump has also expressed opposition to the sale, saying in December that he would block the bid and revive U.S. Steel through a combination of tax incentives and tariffs.
Nippon Steel tried to assuage politicians’ concerns, saying in September that U.S. Steel would remain an American company owned by Nippon Steel North America. Nippon Steel also said in the September statement that Americans would make up the majority of the board of directors of U.S. Steel, and that the American company, under its new ownership, would stay headquartered in Pittsburgh.
“Nippon Steel will prioritize production at U. S. Steel to meet the demand in the U.S. steel market,” Nippon Steel said in the statement.
Steve Kopack is a producer at NBC News covering business and the economy.
Megan Lebowitz is a politics reporter for NBC News.
Rob Wile is a Pulitzer Prize-winning journalist covering breaking business stories for NBCNews.com.
© 2025 NBCUniversal Media, LLC

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Dozens of backdoored Chrome extensions discovered on 2.6 million devices – Ars Technica

Two separate campaigns have been stealing credentials and browsing history for months.
As many of us celebrated the year-end holidays, a small group of researchers worked overtime tracking a startling discovery: At least 33 browser extensions hosted in Google’s Chrome Web Store, some for as long as 18 months, were surreptitiously siphoning sensitive data from roughly 2.6 million devices.
The compromises came to light with the discovery by data loss prevention service Cyberhaven that a Chrome extension used by 400,000 of its customers had been updated with code that stole their sensitive data.
The malicious extension, available as version 24.10.4, was available for 31 hours, starting on December 25 at 1:32 AM UTC to Dec 26 at 2:50 AM UTC. Chrome browsers actively running the Cyberhaven during that window would automatically download and install the malicious code. Cyberhaven responded by issuing version 24.10.5, and a few days later 24.10.6.
The Cyberhaven extension is designed to prevent users from inadvertently entering sensitive data into emails or websites they visit. Analyses of version 24.10.4 showed that it was configured to work with different payloads that were downloaded from cyberhavenext[.]pro, a malicious site the threat actor registered to give the appearance it was affiliated with the company. One recovered payload, Cyberhaven said, scoured user devices for browser cookies and authentication credentials for the facebook.com domain. A separate payload recovered by security firm Secure Annex stole cookies and credentials for chatgpt.com; Cyberhaven said the payload didn’t appear functional.
The malicious version came through a spear phishing email sent to the developers Google listed for the Cyberhaven extension on Christmas Eve. It warned that the extension wasn’t in compliance with Google terms and would be revoked unless the developer took immediate action.
A link in the email led to a Google consent screen requesting access permission for an OAuth application named Privacy Policy Extension. A Cyberhaven developer granted the permission and, in the process, unknowingly gave the attacker the ability to upload new versions of Cyberhaven’s Chrome extension to the Chrome Web Store. The attacker then used the permission to push out the malicious version 24.10.4.
As word of the attack spread in the early hours of December 25, developers and researchers discovered that other extensions were targeted, in many cases successfully, by the same spear phishing campaign. John Tuckner, founder of Security Annex, a browser extension analysis and management firm, said that as of Thursday afternoon, he knew of 19 other Chrome extensions that were similarly compromised. In all cases, the attacker used spear phishing to push a new malicious version and custom, look-alike domains to issue payloads and receive authentication credentials. Collectively, the 20 extensions had 1.46 million downloads.
“For many I talk to, managing browser extensions can be a lower priority item in their security program,” Tuckner wrote in an email. “Folks know they can present a threat, but rarely are teams taking action on them. We’ve often seen in security, one or two incidents can cause a reevaluation of an organization’s security posture. Incidents like this often result in teams scrambling to find a way to gain visibility and understanding of impact to their organizations.”
The earliest compromise occurred in May 2024. Tuckner provided the following spreadsheet:
One of the compromised extensions is one called Reader Mode. Further analysis showed it had been compromised not just in the campaign targeting the other 19 extensions but in a separate campaign that started no later than April 2023. Tuckner said the source of the compromise appears to be a code library developers can use to monetize their extensions. The code library collects details about each web visit a browser makes. In exchange for incorporating the library into the extensions, developers receive a commission from the library creator.
Tuckner said that Reader Mode is one of 13 Chrome extensions known to have used the library to collect potentially sensitive data. Collectively, these extensions had 1.14 million installations. The full list is:
As Tuckner indicated, browser extensions have long remained a weak link in the security chain. In 2019, for example, extensions for both Chrome and Firefox were caught stealing sensitive data from 4 million devices. Many of the infected devices ran inside the networks of dozens of companies, including Tesla, Blue Origin, FireEye, Symantec, TMobile, and Reddit. In many cases, curbing the threat of malicious extensions is easy since so many extensions provide no useful benefit.
In the case of other abused extensions, such as the one used by Cyberhaven customers, it’s not as easy to address the threat. After all, the extension provides a service that many organizations find valuable. Tuckner said one potential part of the solution is for organizations to compile a browser asset management list that allows only selected extensions to run and blocks all others. Even then, Cyberhaven customers would have installed the malicious extension version unless the asset management list specifies a specific version to trust and to distrust all others.
Anyone who ran one of these compromised extensions should carefully consider changing passwords and other authentication credentials. The Secure Annex post provides additional indicators of compromise, as do posts here, here, here, and here.
Ars Technica has been separating the signal from the noise for over 25 years. With our unique combination of technical savvy and wide-ranging interest in the technological arts and sciences, Ars is the trusted source in a sea of information. After all, you don’t need to know everything, only what’s important.

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Which Cryptocurrencies Will Be Airdropped in 2025?…Pump.fun, Phantom, and More in Focus – Bloomingbit


Recently, cryptocurrency projects like HyperLiquid (HYPE) have caught the market's attention with airdrops (distributing coins for free to eligible individuals), and various cryptocurrency projects are also announcing airdrops for 2025.
On the 2nd, BeInCrypto cited a post by cryptocurrency analyst KarenZ, introducing nine cryptocurrencies with announced airdrops.
First is the meme coin creation platform Pump.fun based on Solana. According to recently released data, Pump.fun has generated over $1.9 million in cumulative revenue on a single trading platform, raising high expectations among investors. In October, the Pump.fun X Space podcast attracted a total of 11,000 listeners. At that time, Safi Jiju, the founder of Pump.fun, stated, "Pump.fun's airdrop will be the most profitable cryptocurrency in terms of profitability."
Next, Solana's wallet Phantom also made the list. Previously functioning only as a Solana-exclusive wallet, Phantom has recently transformed into a multi-chain platform, heightening investor expectations for airdrops.
The liquidity proof layer 1 Berachain (BERA) is also a cryptocurrency with an announced airdrop that is attracting investor interest. Berachain has raised approximately $140 million to date. The testnet has already been launched, and the mainnet launch is also announced.
Additionally, AbstractChain, Story Protocol, Monad, Nillion, Morph, and Eclipse have made the list.
Contact us help@bloomingbit.io

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Who holds power in Arizona government? 5 politicians to watch in 2025 – The Arizona Republic

The Arizona political landscape may lack superstars currently who could single-handedly reshape policy following November’s election, but voters and pundits will want to keep an eye on several key players.
State government remains divided politically, with a Republican majority again dominating the state House and Senate, Democratic Gov. Katie Hobbs at the ready with her veto stamp, Republican elected officials in Maricopa County with vastly different ideas about election reform and Democratic party members calculating their next steps after local losses.
Some leaders will stand out over others based on their ideas or personalities. Here are five people in state politics to watch in 2025.
How Hobbs comports herself in 2025, the third year of her four-year term, will help determine whether she’s reelected or ousted a year later. She’ll need to repel the political assault of an emboldened and slightly larger Republican majority in the state Legislature following November’s election.
It’ll be a challenging year in which she’ll see the rise of a potentially strong Republican competitor in Karrin Taylor Robson, who was recently endorsed by President-elect Donald Trump, while also facing a possible challenger from her own party.
She’ll need to appear strong, or in the words of Republican lobbyist and consultant Kevin DeMenna, “not make it look like Chad (Campbell, Hobbs’ chief of staff) is making all the important decisions.”
Yet she’ll also have to avoid completely alienating right-leaning independents and anti-MAGA conservatives who might help her overcome a Republican registration advantage in 2026.
“Gov. Hobbs is going to have to take note of this 2024 election, where Democrats vastly outspent Republicans and yet Republicans gained seats,” said political consultant Barrett Marson. “She is going to have to be more amenable to Republican priorities in general, and specifically on the border.” 
Montenegro’s an immigrant who moved to Arizona from El Salvador with his parents when he was 5 years old. He was voted in by his peers to serve as the state’s first Latino House speaker in the upcoming legislative session.
A veteran Republican lawmaker who’s served about 14 total years in the state Legislature with a break from 2018 to 2022, Montenegro replaces outgoing House Speaker Ben Toma, who served in the position for two years. He’ll set the agenda, negotiate a budget with Hobbs and Senate President Warren Petersen, and try to keep 32 fellow Republican House members in line. Some members of the conservative Arizona Freedom Caucus publicly grumbled after he was selected to lead the chamber by secret ballot.
Because he’s starting a new second term as a House member, “he’ll be in that position potentially for six years, which will put him in a great position of influence,” said Daniel Scarpinato, who worked as chief-of-staff for former Gov. Doug Ducey.
Democratic leaders are rallying in support of a second term for Bejarano despite losses in the election, including a failed attempt to tie or win a majority in the Legislature. Assuming no coup when Democrats meet to elect their leaders next month, she’ll stay in the saddle to help reorganize and plan the party’s strategy following this year’s disaster.
Democratic registration dropped in Arizona over the past two years, a prime factor in the losses. But supporters credit Bejarano, an experienced union organizer, with boosting Democratic fundraising this year and supplying more get-out-the-vote resources. Her leadership at the Democratic party over the next year will help determine the course of potential wins for Democrats in 2026.
Shamp, who was reelected to her second term office in November, has become a rising star in state Republican circles. She was just named Senate majority leader by Petersen. The cowgirl-hat-wearing nurse from Surprise has been at the forefront of major issues locally, like sponsoring the Arizona Border Invasion Act this year. After Hobbs vetoed that bill, Republican lawmakers reshaped its key provisions into the Secure the Border Act, a ballot measure voters passed overwhelmingly in November.
“She’s a rock star,” said lobbyist Michael Gardner. “She’s got the passion, the street cred, and she’s smart. She knows how to manage difficult people in intense situations.”
Gardner said another of her advantages is not being a member of the conservative Arizona Freedom Caucus — a group that occasionally upsets the plans of Republican leadership — while still being recognized as “Freedom Caucus-adjacent.” That shows she’s “respected from all sides” of the GOP, he added.
Yet Shamp is also a lightning rod for criticism of her culture-war positions, including her condemnations of COVID-19 vaccinations and child transgender surgeries. She chaired a special pandemic committee last year, the name of which used the same initials as a common QAnon motto, “Nothing Can Stop What Is Coming.”
The new legislative session begins Jan. 13 with a reduced Freedom Caucus membership following November’s elections. But Hoffman’s energized and already showing up in the spotlight.
He chaired a hearing in December accusing the Phoenix Fire Department of violating state law with its diversity, equity and inclusion practices and is demanding an audit of the Arizona State Schools for the Deaf and Blind, saying he would reveal its yet-unspecified “financial mismanagement.”
The well-connected Republican politician, owner of political marketing businesses, father of five children, chair of the Arizona Freedom Caucus and Republican National Committeeman for Arizona, was recently reelected to his third term in the state Legislature and his second as a state senator.
Petersen again assigned him to chair the state Senate’s Committee on Director Nominations, setting the stage for more blustery criticism by Hoffman of Hobbs’ nominees for agency director jobs. Hobbs blamed Hoffman for forcing her to abandon the Senate confirmation process for her nominees. But a judge ruled her workaround was unlawful, and she struck a deal with Petersen to restart the nomination hearings.
Another area of Hoffman’s political life worth watching: He’s still facing felony prosecution related to his role in connection with the fake electors case, which may linger for a year or more without much progress but also could see Hoffman’s defense making headway in 2025. His legal team got Maricopa County Judge Bruce Cohen kicked off the case last month after the surfacing of politically biased emails Cohen authored.
Reach the reporter at rstern@arizonarepublic.com or 480-276-3237. Follow him on X@raystern.

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First $100,000 Cash5 jackpot winning ticket of 2025 sold in New London – NBC Connecticut

Someone won the $100,000 Cash5 jackpot on Thursday night and this was the first jackpot winner of the year for the game.
The winning numbers were 3-4-6-11-25.
>Free 24/7 Connecticut news stream: Watch NBC CT wherever you are
The ticket was sold at Sully`s Mobil Mart at 382 Vauxhall St. in New London, according to the Connecticut Lottery.

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