PRESS DIGEST- New York Times business news - Jan 3

Reuters
01-03
PRESS DIGEST- New York Times business news - Jan 3

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 X.N by Nippon Steel 5401.T of Japan in an announcement expected as soon as Friday based on grounds that the sale poses a threat to national security.

- Tesla TSLA.O 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)

((globalnewsmonitoring@thomsonreuters.com))

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