>>Ahead Of The Bell
(New York, NY) -- The opening bell rings this morning on Wall Street after stocks closed mixed yesterday. This comes after a sell-off on Tuesday to start the new month. Investors are prepared for more volatility this month, with some getting ready for a pullback of five-percent or more. At the closing bell, the Dow Jones Industrial Average gained 38 points to 40-974. The S&P 500 fell by eight points to 55-20. The Nasdaq dropped by 52 points to 17-084.
>>Biden Expected To Block U.S. Steel Takeover
(Washington, DC) -- President Biden is expected to block the proposed 15-billion-dollar acquisition of U.S. Steel by Japan's largest steelmaker. While the White House hasn't confirmed the move yet, the Washington Post on Wednesday cited three people familiar with the matter. Nippon [[ Nih-PAWN ]] Steel's purchase of U.S. Steel has been opposed by both former President Trump and Vice President Harris on the campaign trail, with the Democratic presidential nominee arguing the historic company should remain in American hands. At the same time, the CEO of U.S. Steel is warning that blocking the deal would likely cause the company to close plants and move its headquarters out of Pittsburgh.
>>Marathon Petroleum Refinery Employees Strike
(Detroit, MI) -- Members of Teamsters Local 283 in Detroit hit the picket lines today at a Marathon Petroleum Refinery. More than 200 strikers were out in force before the sun was up. The union and Marathon began contract talks last December. Workers say they want better pay and safer working conditions. Plant officials say operations and supply are unlikely to be affected by the strike.
>>SpaceX Hoping For Launch Today
(Cape Canaveral, FL) -- Bad weather got in the way of SpaceX's plans this week. The company had to move yesterday's planned launch from the Cape Canaveral Space Force Station to this afternoon because of unfavorable conditions in the Atlantic Ocean. The plan is to send another batch of nearly two dozen Starlink internet satellites into low-Earth orbit.
