Planet Money - The President’s Golden Share in U.S. Steel
When news broke that a Japanese company, Nippon Steel, was buying the storied American steel company U.S. Steel, it was still 2023, just before an election.
And right away, politicians from both sides of the aisle came out forcefully against the deal, saying the company should remain American. Before leaving office, President Biden even blocked the sale.
But in a dramatic twist a few weeks ago, President Trump approved it. With a caveat: the U.S. would get what Trump called 'a golden share' in U.S. Steel.
On our latest show: what even is a "golden share"? When has it been used before, and why? And, could deals like this be a good way to get foreign investment in American manufacturing...or is it government overreach?
Related episodes:
- When Uncle Sam owned banks and factories
- How Big Steel in the U.S. fell
This episode was produced by Willa Rubin and edited by Marianne McCune. Research help from Emily Crawford and Emma Peaslee. It was fact-checked by Sierra Juarez and engineered by Robert Rodriguez. Alex Goldmark is our executive producer.
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Marketplace All-in-One - AI and ‘surveillance’ pricing
Dynamic or 'surveillance' pricing is a relatively common practice. But what's changed is the sheer volume of our personal data available online, and how good AI has become at connecting the dots. With news that Delta Airlines plans to use AI to set up dynamic pricing for a large share of its flights, Marketplace's Kimberly Adams explores how widespread this practice already is in other industries. But first: social media buzz sent an eclectic mix of stocks, or 'meme stocks,' on a volatile ride this week. We look at why traders are making such risky bets. Plus, a snapshot of how things are looking for mortgage brokers and farmers right now.
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Marketplace is more than a radio show. Check out our original reporting and financial literacy content at marketplace.org — and consider making an investment in our future.
Marketplace All-in-One - We have a trade deal with Japan, right?
Earlier this week, President Trump announced a “massive” trade deal with Japan. But as Japanese officials clarify some of the terms, it’s not clear how concrete the deal actually is. We’ll explain. Also, some wealthy Democrats who stand to benefit from Trump’s tax cuts are rallying against them. Plus, we’ll play a round of Half Full/Half Empty!
Here’s everything we talked about today:
- "Cracks widen in Japan and US’s interpretation of tariff trade deal" from The Financial Times
- "Trump’s Tariffs Are Being Picked Up by Corporate America" from The Wall Street Journal
- "Rich liberals do not want their big Trump tax cut" from The Washington Post
- "AI has come for the fragrance industry" from Marketplace
- "Want to pay down the national debt? The US government will take Venmo" from The Verge
- "Meme stocks have staged a surprising return" from Marketplace
- "Restaurants Are Trying to Tariff-Proof The Menu" from Eater
We love hearing from you. Leave us a voicemail at 508-U-B-SMART or email makemesmart@marketplace.org.
A History of Rock Music in 500 Songs - PLEDGE WEEK: “Fruit Tree” by Nick Drake
Newshour - Gaza whistleblower speaks of indiscriminate brutality against civilians
A US military veteran who worked for the Gaza Humanitarian Foundation has told the BBC he's never seen such brutality as that shown by Israeli soldiers and American contractors against starving civilians.
And Israel's ambassador to France tells Newshour a French decision to recognise a Palestinian state will damage international relations. We'll also hear from the Palestinian ambassador to the UN.
Also on the programme: some of Donald Trump's supporters, in Florida, answer questions about the president's links to Jeffrey Epstein; and a study of vast amounts of data showing strong links between air pollution and dementia.
(Photo: A child eats as displaced Palestinians gather outside the Sokar Charity Kitchen to receive limited food rations in Gaza City, northern Gaza Strip, 21 May 2025. Credit: EPA-EFE/Shutterstock)
Reset with Sasha-Ann Simons - WBEZ’s Weekly News Recap: July 25, 2025
The Daily Signal - Victor Davis Hanson: Hunter Biden Slips the Truth We All Knew About Joe Biden’s White House
The disturbing implications? For years, America was led by a cognitively impaired president, while his scandal-plagued son acted as a key adviser behind the scenes. On this week’s episode of “Victor Davis Hanson: In His Own Words,” Hanson asks the question: Who was really running the White House during Biden’s term?
“ He just said about the laptop—in which he is seen using drugs, he's in pornographic poses, but most importantly, he references his father as “the big guy” and "the 10% guy," and he laments that he is the bagman for the family. It's very incriminating. But he doesn't—as he has before—he has never denied that it was his.
“What I'm getting at is this: It's very dangerous to think that for four years we had a president who was mentally challenged, cognitively disabled, suffering dementia. And the close circle around them—whether they were former Obama operatives or Biden senatorial family, or his own real family—that these people were running the country. And the last year or two, if you look at photographs, videos of Biden giving a speech, Biden traveling, there's one constant. It's Hunter Biden. Hunter Biden was his eyes and his ears. And he was a close—and maybe the closest—adviser to his father.”
👉Don’t miss out on Victor’s latest videos by subscribing to The Daily Signal today. You’ll be notified every time a new piece of content drops: https://www.youtube.com/dailysignal?sub_confirmation=1
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👉He’s also the host of “The Victor Davis Hanson Show,” available wherever you prefer to watch or listen. Links to the show and exclusive content are available on his website: https://victorhanson.com
(0:00) Hunter Biden's Interview
(0:59) Hunter Biden's Defense of His Father
(1:42) Attacks on Democratic Figures
(2:17) Hunter Biden's Hypocrisy and Scandals
(3:33) Hunter Biden's Laptop Controversy
(5:07) Conclusion
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WSJ Minute Briefing - S&P 500 Ends the Week With Its Fifth Straight Record Close
The Nasdaq also rose to fresh highs as progress in trade talks bolstered markets. Plus: Intel shares fell after it reported a wider quarterly loss and announced 15% of staff will be laid off. And Samuel Adams brewer Boston Beer said it expects tariffs to have a more moderate effect on its costs. Danny Lewis hosts.
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WSJ What’s News - Corporate America Is Picking Up the Tab for Trump’s Tariffs
P.M. Edition for July 25. American corporations have paid much of the additional $55 billion in tariffs that the U.S. has collected this year. WSJ economics reporter Jeanne Whalen explains why these companies are footing the bill, and when we might expect to see those costs passed on to consumers. Plus, earlier this week Columbia University agreed to pay the Trump administration $200 million to restore its federal funding. We hear from WSJ White House reporter Natalie Andrews about how this agreement may provide a blueprint for negotiations with other schools. And banks are getting picky about who they want as credit card customers. WSJ personal economics reporter Imani Moise discusses what kinds of customers they’re looking for, and the impact this higher bar could have on consumers. Alex Ossola hosts.
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