Planet Money - The President’s Golden Share in U.S. Steel

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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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Up First from NPR - Trump Pressures The Fed, Epstein Town Halls, France Recognizes Palestinian State

President Trump personally inspected renovations of the Federal Reserve's headquarters as part of a pressure campaign on chair Jerome Powell, House Republicans are being asked questions back home about the push to release records related to Jeffrey Epstein, and France intends to recognise a Palestinian state.

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Today's episode of Up First was edited by Roberta Rampton, Padmananda Rama, Hannah Bloch, Janaya Williams and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas, Christopher Thomas and Claire Murashima. We get engineering support from Stacey Abbott. Our technical director is Carleigh Strange. And our executive producer is Jay Shaylor.


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The Indicator from Planet Money - Nigeria notches new highs, Magic gathers millions, and crypto climbs

It's ... Indicators of the Week! Our weekly look at some of the most fascinating economic numbers from the news.

On today's episode: Nigeria gets a GDP surprise, Magic the Gathering mutes tariff impact for Hasbro, and Bitcoin reaches record highs following the passage of the GENIUS Act.

Related episodes:
How stable is Stablecoin? (Apple / Spotify)
Episode 609: The Curse Of The Black Lotus

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Sierra Juarez. Music by Drop Electric. Find us: TikTok, Instagram, Facebook, Newsletter.

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Short Wave - Did Spiders’ Ancestors Come From The Ocean?

Whether you love spiders or can't be within 10 feet of them, you probably think of them crawling around on land. Historically, most researchers would probably say the same thing: Based on the fossil record, they've thought the earliest arachnid ancestors existed around 450 million years ago, living and diversifying exclusively on land. But a new study out this week in the journal Current Biology suggests arachnid brains may have originated much earlier in the ocean.

Want to hear more stories about the history of animals on Earth? Email us and let us know at shortwave@npr.org.

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NPR's Book of the Day - ‘No Sense in Wishing’ and ‘Hit Girls’ consider the way culture shapes identity

Two new books explore how culture shapes our identity. First, Lawrence Burney's essay collection, No Sense in Wishing, is an appreciation of the arts and artists that shaped him as he grew up in Baltimore. In today's episode, he speaks with NPR's Juana Summers about his influences, from Gil Scott Heron to local Baltimore rappers. Then, Nora Princiotti's Hit Girls takes a serious look at the impact of female pop stars from the 2000s. In today's episode, she talks with NPR's Ayesha Rascoe about her obsession with millennial pop culture.

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1A - ICYMI: The Senate Moves Ahead With Bove’s Judicial Nomination

President Donald Trump has nominated loyal associates to influential positions over and over. But one recent pick for the federal bench has legal experts and many lawmakers particularly up in arms.

The Senate voted Tuesday to begin considering former Trump defense attorney Emil Bove for a lifetime appointment as a federal appeals judge for the Third Circuit of the U.S. Court of Appeals.

Bove, the president's former defense attorney and now a senior Justice Department official, was the subject of a recent whistleblower complaint. According to that complaint, Bove suggested defying court orders to advance Trump's immigration agenda.

Democrats and at least one Republican have vowed to do everything possible to keep him from being confirmed. We discuss who Bove is and the implications for the judiciary if his nomination goes through.

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Consider This from NPR - Six months in, how Trump has changed the Education Department.

Federal education policy has seen a lot of changes since President Trump's inauguration. For example, the Department of Education itself, which Trump has vowed to close.

But that hasn't stopped the Trump administration from also wielding the Department's power. Most recently, by withholding billions of dollars for K-12 schools.

The Trump administration has drastically changed the federal government's role in education. What does that mean for American classrooms?

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Up First from NPR - Epstein Files Subpoena, Columbia $221 Million Settlement, ‘Woke’ AI

The White House is pushing against the wave of questions around the release of Jeffrey Epstein documents, Columbia University agreed to pay over $220 million to the federal government in order to resolve investigations and restore access to federal research funding, and President Trump signed an executive order instructing tech companies to address what he labeled "woke AI."

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Today's episode of Up First was edited by Dana Farrington, Steve Drummond, Brett Neely, Janaya Williams and Alice Woelfle. It was produced by Ziad Buchh, Nia Dumas and Christopher Thomas. We get engineering support from Zo van Ginhoven. And our technical director is Carleigh Strange.


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NPR's Book of the Day - After 20 years, Mary Jo Bang has completed her translation of Dante’s ‘Divine Comedy’

About 20 years ago, Mary Jo Bang read a poem that inspired her to take on a translation of Dante's Divine Comedy. At first, she began with just three lines – but two decades later, she's completed all three parts: "Inferno," "Purgatorio" and "Paradiso." In today's episode, she joins NPR's Ari Shapiro for a conversation about translating Dante into contemporary language, why English is a "rhyme-poor" language, and the parallels between Dante's journey and her own.

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