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PRESS DIGEST- New York Times business news - Jan 3
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PRESS DIGEST- New York Times business news - Jan 3
Jan 2, 2025 11:38 PM

Jan 3 (Reuters) - The following are the top stories on

the New York Times business pages. Reuters has not verified

these stories and does not vouch for their accuracy.

- U.S. President Biden has decided to block the $14 billion

takeover of U.S. Steel by Nippon Steel ( NISTF ) of Japan

in an announcement expected as soon as Friday based on grounds

that the sale poses a threat to national security.

- Tesla posted its first annual deliveries decline

in the company's history, as rivals in China, Europe and the

United States introduced dozens of competing electric models,

giving buyers more choice.

- The Biden administration said on Thursday that it was

considering a new rule that could restrict or ban Chinese drones

in the United States citing risk to national security upon

involvement of foreign adversaries.

- A federal appeals court struck down the Federal

Communications Commission's landmark net neutrality rules on

Thursday, ending a nearly two-decade effort to regulate

broadband internet providers as utilities.

(Compiled by Bengaluru newsroom)

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