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Barrington Research restated their outperform rating on shares of Dolby Laboratories ( NYSE:DLB – Free Report ) in a research note published on Wednesday, Benzinga reports. They currently have a $100.00 target price on the electronics maker’s stock. Several other equities analysts have also recently issued reports on the company. StockNews.com raised Dolby Laboratories from a “buy” rating to a “strong-buy” rating in a report on Monday, November 18th. Rosenblatt Securities lifted their price target on Dolby Laboratories from $98.00 to $100.00 and gave the stock a “buy” rating in a research note on Wednesday. Read Our Latest Analysis on DLB Dolby Laboratories Trading Up 0.4 % Dolby Laboratories Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Stockholders of record on Tuesday, December 3rd will be paid a dividend of $0.33 per share. This represents a $1.32 dividend on an annualized basis and a dividend yield of 1.64%. This is a boost from Dolby Laboratories’s previous quarterly dividend of $0.30. The ex-dividend date is Tuesday, December 3rd. Dolby Laboratories’s dividend payout ratio (DPR) is 44.28%. Dolby Laboratories announced that its board has initiated a share repurchase plan on Wednesday, August 7th that authorizes the company to repurchase $350.00 million in outstanding shares. This repurchase authorization authorizes the electronics maker to reacquire up to 5% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board believes its shares are undervalued. Insider Buying and Selling at Dolby Laboratories In other Dolby Laboratories news, CEO Kevin J. Yeaman sold 28,512 shares of the company’s stock in a transaction dated Tuesday, October 15th. The shares were sold at an average price of $74.12, for a total value of $2,113,309.44. Following the transaction, the chief executive officer now directly owns 83,721 shares in the company, valued at approximately $6,205,400.52. This represents a 25.40 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link . Also, Director Peter C. Gotcher sold 6,079 shares of Dolby Laboratories stock in a transaction dated Thursday, November 21st. The stock was sold at an average price of $78.96, for a total transaction of $479,997.84. Following the sale, the director now owns 37,593 shares of the company’s stock, valued at approximately $2,968,343.28. This trade represents a 13.92 % decrease in their ownership of the stock. The disclosure for this sale can be found here . 39.54% of the stock is owned by insiders. Institutional Inflows and Outflows Institutional investors have recently bought and sold shares of the business. Blue Trust Inc. grew its position in shares of Dolby Laboratories by 398.8% in the second quarter. Blue Trust Inc. now owns 414 shares of the electronics maker’s stock valued at $35,000 after purchasing an additional 331 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Dolby Laboratories in the 2nd quarter worth about $37,000. GAMMA Investing LLC grew its holdings in Dolby Laboratories by 64.6% in the 2nd quarter. GAMMA Investing LLC now owns 489 shares of the electronics maker’s stock valued at $39,000 after buying an additional 192 shares during the period. Whittier Trust Co. of Nevada Inc. increased its stake in shares of Dolby Laboratories by 192.4% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 576 shares of the electronics maker’s stock valued at $46,000 after acquiring an additional 379 shares during the last quarter. Finally, First Horizon Advisors Inc. lifted its holdings in shares of Dolby Laboratories by 22.7% during the 3rd quarter. First Horizon Advisors Inc. now owns 790 shares of the electronics maker’s stock worth $60,000 after acquiring an additional 146 shares during the period. 58.56% of the stock is currently owned by institutional investors and hedge funds. Dolby Laboratories Company Profile ( Get Free Report ) Dolby Laboratories, Inc creates audio and imaging technologies that transform entertainment at the cinema, DTV transmissions and devices, mobile devices, OTT video and music services, home entertainment devices, and automobiles. The company develops and licenses its audio technologies, such as AAC & HE-AAC, a digital audio codec solution used for a range of media applications; AVC, a digital video codec with high bandwidth efficiency used in various media devices; Dolby AC-4, a digital audio coding technology that delivers new audio experiences to a range of playback devices; and Dolby Atmos technology for cinema and various media devices. Featured Articles Receive News & Ratings for Dolby Laboratories Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dolby Laboratories and related companies with MarketBeat.com's FREE daily email newsletter .

College Notebook: Several Western Nebraska CC athletes earn all-region honorsJoin Sam McKewon and Amie Just as they dive deep into the Husker sports scene — rationalizing, analyzing, and summarizing as only they can! In the latest episode of The Showdown, Sam McKewon and Amie Just break down a jam-packed week for Nebraska Athletics. The open with the football game between Nebraska and Wisconsin, how the Huskers' can come out victorious in the matchup and the weird comments from Luke Fickell about who will be the Badgers' play caller. They move onto the doubleheader between both Nebraska and Creighton basketball teams, including the loss of Natalie Potts and how Creighton's difficult schedule can help the Husker women. The duo also talk the Husker men's chances against the Bluejays and Ryan Kalkbrenner. They close out with Nebraska volleyball's upcoming match against Wisconsin on Senior Day and the looming match against Penn State. Subscribe to HuskerExtra.com Join co-hosts Sam and Amie as they dive deep into the Husker sports scene – rationalizing, analyzing, and summarizing as only they can! Get local news delivered to your inbox!— Oct. 1, 1924: James Earl Carter Jr. is born in Plains, Georgia, son of James Sr. and Lillian Gordy Carter. — June 1946: Carter graduates from the U.S. Naval Academy. — July 1946: Carter marries Rosalynn Smith, in Plains. They have four children, John William (“Jack”), born 1947; James Earl 3rd (“Chip”), 1950; Donnel Jeffrey (Jeff), 1952; and Amy Lynn, 1967. — 1946-1953: Carter serves in a Navy nuclear submarine program, attaining rank of lieutenant commander. — Summer 1953: Carter resigns from the Navy, returns to Plains after father’s death. — 1953-1971: Carter helps run the family peanut farm and warehouse business. — 1963-1966: Carter serves in the Georgia state Senate. — 1966: Carter tries unsuccessfully for the Democratic gubernatorial nomination. — November 1970: Carter is elected governor of Georgia. Serves 1971-75. — Dec. 12, 1974: Carter announces a presidential bid. Atlanta newspaper answers with headline: “Jimmy Who?” — January 1976: Carter leads the Democratic field in Iowa, a huge campaign boost that also helps to establish Iowa’s first-in-the-nation caucus. — July 1976: Carter accepts the Democratic nomination and announces Sen. Walter Mondale of Minnesota as running mate. — November 1976: Carter defeats President Gerald R. Ford, winning 51% of the vote and 297 electoral votes to Ford’s 240. — January 1977: Carter is sworn in as the 39th president of the United States. On his first full day in office, he pardons most Vietnam-era draft evaders. —September 1977: U.S. and Panama sign treaties to return the Panama Canal back to Panama in 1999. Senate narrowly ratifies them in 1978. — September 1978: Egyptian President Anwar Sadat, Israeli Prime Minister Menachem Begin and Carter sign Camp David accords, which lead to a peace deal between Egypt and Israel the following year. — June 15-18, 1979: Carter attends a summit with Soviet President Leonid Brezhnev in Vienna that leads to the signing of the SALT II treaty. — November 1979: Iranian militants storm the U.S. Embassy in Tehran, taking 52 hostages. All survive and are freed minutes after Carter leaves office in January 1981. — April 1980: The Mariel boatlift begins, sending tens of thousands of Cubans to the U.S. Many are criminals and psychiatric patients set free by Cuban leader Fidel Castro, creating a major foreign policy crisis. — April 1980: An attempt by the U.S. to free hostages fails when a helicopter crashes into a transport plane in Iran, killing eight servicemen. — Nov. 4, 1980: Carter is denied a second term by Ronald Reagan, who wins 51.6% of the popular vote to 41.7% for Carter and 6.7% to independent John Anderson. — 1982: Jimmy and Rosalynn Carter co-found The Carter Center in Atlanta, whose mission is to resolve conflicts, protect human rights and prevent disease around the world. — September 1984: The Carters spend a week building Habitat for Humanity houses, launching what becomes the annual Carter Work Project. — October 1986: A dedication is held for The Carter Presidential Center in Atlanta. The center includes the Carter Presidential Library and Museum and Carter Center offices. — 1989: Carter leads the Carter Center’s first election monitoring mission, declaring Panamanian Gen. Manuel Noriega’s election fraudulent. — May 1992: Carter meets with Mikhail and Raisa Gorbachev at the Carter Center to discuss forming the Gorbachev Foundation. — June 1994: Carter plays a key role in North Korea nuclear disarmament talks. — September 1994: Carter leads a delegation to Haiti, arranging terms to avoid a U.S. invasion and return President Jean-Bertrand Aristide to power. — December 1994: Carter negotiates tentative cease-fire in Bosnia. — March 1995: Carter mediates cease-fire in Sudan’s war with southern rebels. — September 1995: Carter travels to Africa to advance the peace process in more troubled areas. — December 1998: Carter receives U.N. Human Rights Prize on 50th anniversary of the Universal Declaration of Human Rights. — August 1999: President Bill Clinton awards Jimmy and Rosalynn Carter the Presidential Medal of Freedom. — September 2001: Carter joins former Presidents Ford, Bush and Clinton at a prayer service at the National Cathedral in Washington after Sept. 11 attacks. — April 2002: Carter’s book “An Hour Before Daylight: Memories of a Rural Boyhood” chosen as finalist for Pulitzer Prize in biography. — May 2002: Carter visits Cuba and addresses the communist nation on television. He is the highest-ranking American to visit in decades. — Dec. 10, 2002: Carter is awarded the Nobel Peace Prize for his “untiring effort to find peaceful solutions to international conflicts, to advance democracy and human rights, and to promote economic and social development.” — July 2007: Carter joins The Elders, a group of international leaders brought together by Nelson Mandela to focus on global issues. — Spring 2008: Carter remains officially neutral as Sens. Barack Obama and Hillary Rodham Clinton battle each other for the Democratic presidential nomination. — April 2008: Carter stirs controversy by meeting with the Islamic militant group Hamas. — August 2010: Carter travels to North Korea as the Carter Center negotiates the release of an imprisoned American teacher. — August 2013: Carter joins President Barack Obama and former President Bill Clinton at the 50th anniversary of the Rev. Martin Luther King Jr.’s “I Have A Dream” speech and the March on Washington. — Oct. 1, 2014: Carter celebrates his 90th birthday. — December 2014: Carter is nominated for a Grammy in the best spoken word album category, for his book “A Call To Action.” — May 2015: Carter returns early from an election observation visit in Guyana — the Carter Center’s 100th — after feeling unwell. — August 2015: Carter has a small cancerous mass removed from his liver. He plans to receive treatment at Emory Healthcare in Atlanta. — August 2015: Carter announces that his grandson Jason Carter will chair the Carter Center governing board. — March 6, 2016: Carter says an experimental drug has eliminated any sign of his cancer, and that he needs no further treatment. — May 25, 2016: Carter steps back from a “front-line” role with The Elders to become an emeritus member. — July 2016: Carter is treated for dehydration during a Habitat for Humanity build in Canada. — Spring 2018: Carter publishes “Faith: A Journey for All,” the last of 32 books. — March 22, 2019: Carter becomes the longest-lived U.S. president, surpassing President George H.W. Bush, who died in 2018. — September 18, 2019: Jimmy and Rosalynn Carter deliver their final in-person annual report at the Carter Center. — October 2019: At 95, still recovering from a fall, Carter joins the Work Project with Habitat for Humanity in Nashville, Tennessee. It’s the last time he works personally on the annual project. — Fall 2019-early 2020: Democratic presidential hopefuls visit, publicly embracing Carter as a party elder, a first for his post-presidency. — November 2020:The Carter Center monitors an audit of presidential election results in the state of Georgia, marking a new era of democracy advocacy within the U.S. — Jan. 20, 2021: The Carters miss President Joe Biden’s swearing-in, the first presidential inauguration they don’t attend since Carter’s own ceremony in 1977. The Bidens later visit the Carters in Plains on April 29. — Feb. 19, 2023: Carter enters home hospice care after a series of short hospital stays. — July 7, 2023: The Carters celebrate their 77th and final wedding anniversary. — Nov. 19, 2023: Rosalynn Carter dies at home, two days after the family announced that she had joined the former president in receiving hospice care. — Oct. 1, 2024 — Carter becomes the first former U.S. president to reach 100 years of age , celebrating at home with extended family and close friends. — Oct. 16, 2024 — Carter casts a Georgia mail ballot for Democratic presidential nominee Kamala Harris, having told his family he wanted to live long enough to vote for her. It marks his 21st presidential election as a voter. — Dec. 29, 2024: Carter dies at home.

President-elect Donald Trump nominated his former White House domestic policy adviser Brooke Rollins for Agriculture Secretary, he announced on Truth Social Saturday afternoon . President-elect Donald Trump on Saturday selected Brooke Rollins, a former White House domestic policy adviser, to serve as his agriculture secretary. “Brooke’s commitment to support the American Farmer, defense of American Food Self-Sufficiency, and the restoration of Agriculture-dependent American Small Towns is second to none,” Trump said . “As our next Secretary of Agriculture, Brooke will spearhead the effort to protect American Farmers, who are truly the backbone of our Country.” Rollins is the president and CEO of the America First Policy Institute, a think tank led by former Trump officials, which was created with the goal of preparing for the president-elect’s return to the White House. The Wall Street Journal first reported that Rollins was the expected nominee for the cabinet position. If confirmed, she would be tasked with leading a nearly 100,000-person department that handles farm policy but also oversees forestry, food safety, nutrition and rural development programs. Rollins likely would play a role in discussions about Trump’s decisions over implement broad tariffs on US imports , which could ultimately impact American farmers. She also would be expected to shape renegotiations next year of the US-Mexico-Canada trade deal amid disagreements such as Mexico attempting to block imports of genetically modified corn and Canada instituting quotas for dairy imports. Rollins, who described herself as a “small-town ag girl” from Glen Rose, Texas, promised to “fight for America’s farmers and our Nation’s agricultural communities” following the news of her nomination. The former chair of the Domestic Policy Council during Trump’s first term, Rollins previously was seen as a potential contender for serving as the White House chief of staff during his second administration. That post ultimately went to Susie Wiles , who was Trump’s campaign manager during his latest bid for the White House. Trump also had considered nominating former Georgia Senator Kelly Loeffler, whom he has already tapped to co-chair his inaugural committee, to serve as Agriculture Secretary, CNN reported Friday . A representative for Trump’s transition team did not respond to a request for comment. With Post wires.Nebraska women’s basketball player Callin Hake summed it up as well as anyone could. “I think in South Dakota we shot the crap out of it, which is awesome,” the guard from Minnesota said. On that night last weekend in Sioux Falls, South Dakota, the Huskers made a school-record 20 3-pointers on 58% shooting beyond the arc in a 113-70 win against South Dakota. That was three more than the previous record, from 2010. Now comes another game against Creighton where the series at times has at times been defined by the 3-point line — both the ability to make and defend it. The 3-point line is something to watch closely again when the Huskers and Bluejays play at 4 p.m. Friday at Sokol Arena in Omaha, a few hours before the men’s teams from the same schools play at CHI Health Center Omaha. People are also reading... Creighton (1-2) has won two straight in the series. Last year, Morgan Maly made three 3-pointers in the first three minutes of the game and Creighton led the entire game while winning 79-74. Creighton didn’t keep its hot 3-point shooting going the entire game but made nine and outscored the Huskers by 18 points beyond the arc. Nebraska was 3-for-21 on 3-pointers. In 2022, Creighton blasted the Huskers 77-51 after making five of its first eight 3-pointers. “One thing I know is they (Creighton) all shoot it pretty well,” Nebraska coach Amy Williams said. “Last year we gave up eight made threes in the first quarter. That’s something we’ll have to shore up. They’re very, very good off the ball with their movement and cuts so you’re positioning really matters. We’ll have to make the hustle plays and not give them second-chance opportunities.” Creighton has won seven of the last eight meetings with the Huskers. The Bluejays are averaging 10.4 made threes per game during the stretch, while Nebraska is averaging 3.6. The 5-0 and 21st-ranked Huskers faced a major dose of adversity this week when sophomore forward Natalie Potts sustained a season-ending knee injury during Tuesday’s game against North Alabama. She’s scheduled for surgery in two weeks. Williams called the injury is “devastating.” “What a start she’s had to the season, leading our team in scoring and rebounding,” Williams said. “She worked really hard this offseason.” Nebraska's Callin Hake attempts a 3-pointer against Southern on Nov. 12 at Pinnacle Bank Arena. Creighton has reached the NCAA Tournament the past three seasons, making the Elite Eight in 2022, the first round in 2023 and the second round in 2024 with several of the same players that are on the team this year. Creighton may be the most experienced team the Huskers face all season, as the Bluejay playing rotation includes five graduate students, two seniors and two juniors. “We’re incredibly familiar with their roster, and they’re incredibly familiar with our roster,” Williams said. Creighton guard Lauren Jensen has already gone off this season, scoring a career-high 32 in an 80-72 win against Drake. She was 6-for-10 on threes and made each of her six two-point shots. One thing new to the series for Nebraska is Britt Prince, the freshman from Elkhorn North getting her first taste of playing against her hometown school. In the past two games combined, Prince is 15 for 21 shooting. She’s driving to the basket, and also shooting 3s. “She’s gotten more aggressive, and I’d like to see her be even more aggressive,” Williams said. The 113-70 win against South Dakota showed the Huskers what it can look like this season. The Huskers zipped passes around the perimeter to get lots of good 3-point chances. Nebraska had 33 assists on 41 field goals. Hake felt like a lot of inside-outside passes helped the Huskers to the fourth-best scoring total in program history. “When you have posts that are willing to kick it out and give you dimes for passes that makes shooting in a guard’s job a lot easier,” Hake said. “I think we really wanted to carry that forward. But we don’t want to live and die by the three.” Projected starters Nebraska (5-0) G – Britt Prince; 5-11; Fr.; 13.0 G – Callin Hake; 5-8; Jr.; 6.0 G – Alberte Rimdal; 5-9; Sr.; 10.4 G – Logan Nissley; 6-0; So.; 8.0 C – Alexis Markowski; 6-3; Sr.; 13.8 Creighton (1-2) Player; Ht.; Yr.; PPG. G – Molly Mogensen; 5-7; Sr.; 6.0 G – Lauren Jensen; 5-10; Sr.; 21.3 G – Kiani Lockett; 5-8; Jr.; 11.3 G – Mallory Brake; 6-0; Sr.; 2.7 F – Morgan Maly; 6-1; Sr.; 15.3 Photos: Nebraska women's basketball hosts North Alabama — Nov. 19 Nebraska head coach Amy Williams greets the team after defeating North Alabama, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Jessica Petrie (right) scores next to North Alabama's Rhema Pegues, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Alberte Rimdal (left) is defended by North Alabama's Veronaye Charlton, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Britt Prince (left) scores next to North Alabama's India Howard, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Logan Nissley (2) defends against North Alabama's Sofia Ceppellotti, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. North Alabama's Cameron Jones (left) defends against Nebraska's Alexis Markowski, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Callin Hake (left) looks to score next to North Alabama's Veronaye Charlton, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Alexis Markowski attempts a free throw against North Alabama, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Callin Hake (left) scores next to North Alabama's India Howard on Tuesday at Pinnacle Bank Arena. Nebraska's Natalie Potts is taken off the court after an injury during the North Alabama game, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Natalie Potts is helped off of the court after suffering an apparent knee injury in the Huskers' win against North Alabama on Tuesday at Pinnacle Bank Arena. Nebraska's Natalie Potts is taken off the court after an injury during the North Alabama game, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Callin Hake (right) picks up a turnover next to North Alabama's Sarang West, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Kendall Moriarty scores a 3-pointer against North Alabama, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Alexis Markowski (right) is defended by North Alabama's Cameron Jones (left) and Alyssa Clutter, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Amiah Hargrove (center) is defended by North Alabama's Katie Criswell (left) and Jazzy Klinge, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Natalie Potts (right) grabs a rebound next to North Alabama's Rhema Pegues, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Nebraska's Natalie Potts grabs a rebound against North Alabama, Tuesday, Nov. 19, 2024, at Pinnacle Bank Arena. Reach the writer at 402-473-7435 or bwagner@journalstar.com . On Twitter @LJSSportsWagner. Subscribe for the best Husker news & commentary Be the first to know Get local news delivered to your inbox! Husker volleyball/women's basketball reporter {{description}} Email notifications are only sent once a day, and only if there are new matching items.

DR. WALLACE: I live with my father and my two younger brothers. I’m a girl who is 17, and my brothers are 13 and 11. Our mother unfortunately got involved in some pretty bad things, including drugs, and she ended up participating in a robbery that put her in prison for over 10 years. This now means that I do the cooking and most of the cleaning at our house. I also wash all of the clothes, but I will give my little brothers credit that they do help me from time to time and they also help my father in the backyard and in our garden. My dad gives me a decent allowance for all the work I do, but I sure would like to save time. He insists on driving me to the market every week to buy groceries even though I’ve told him many times we can get the same or maybe even better prices with online deliveries directly to our door. How can I get my father to consider saving us time, fuel and money by having groceries and other small items delivered to our home? After all, we will soon be living in the year 2025, not 1925! Between my homework, my limited social life and my responsibilities at home, I’d like to save time wherever I can. — A Very Busy Teenager, via email A VERY BUSY TEENAGER: I commend you for doing so much to help your family, and I do agree with the logic you have presented regarding home delivery of recurring items, especially groceries. Speak to as many of your relatives or family friends as you can and try to find at least one or two of them who do receive products delivered to their homes. At this point, you could have them speak to your father about the convenience, the cost savings and so forth. On your end, you could create a spreadsheet to show your father what typical items would cost delivered versus what you’re paying for them “all-in” considering your fuel and time to retrieve them from the local stores. Many large companies such as Amazon, Walmart and Costco have same-day delivery of groceries these days, especially if you live in or near a large metropolitan area. I’M ONLY REQUESTING ONE CUP IN THE MORNING DR. WALLACE: I turn 17 in three weeks, and I’d really like to have a cup of coffee in the morning before I go to school. My parents are telling me to wait until I’m 18 to have coffee! I think this is ridiculous, since there’s no classmate of mine who’s not allowed to have coffee or tea whenever they would like it. Do you think it’s a problem for a soon-to-be 17-year-old to have a cup of coffee here and there? All I’m asking for is a cup in the morning; I’m not planning to drink it all day. It’s pretty cold, and it would warm me up as well. — I’d Like One Cup of Coffee a Day, via email I’D LIKE ONE CUP OF COFFEE PER DAY: I personally don’t see a problem with a single cup of coffee in the morning, even for a teenager who is 16 and not quite yet 17. Many cultures drink hot tea regularly at all ages, which also contains caffeine, albeit in smaller increments. Recent studies indicate that up to 73% of Americans drink at least one cup of coffee per day, so a slight caffeine boost in the morning is something nearly three-quarters of our nation participates in. You could also mention to your parents that you’re planning to stay away from highly caffeinated energy drinks, which likely would be worse for your overall health than a single cup of coffee in the morning.

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HARRISBURG, Pa. (AP) — President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp. , and he's pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker. Trump had vowed early in the presidential campaign that he would “instantaneously” block the deal, and he reiterated that sentiment in a post on his Truth Social platform on Monday night. “I am totally against the once great and powerful U.S. Steel being bought by a foreign company” and will use tax incentives and tariffs to make U.S. Steel “Strong and Great Again, and it will happen FAST!” he wrote. “As President," he continued, "I will block this deal from happening. Buyer Beware!!!” President Joe Biden , like Trump, also opposes Nippon Steel's purchase of Pittsburgh-based U.S. Steel. Biden’s White House in September said that it had yet to see a report from the secretive Committee on Foreign Investment in the United States , which was reviewing the transaction for national security concerns. The committee, which is chaired by the treasury secretary and includes other Cabinet members, can recommend that the president block a transaction, and federal law gives the president that power. Ahead of the November election, the proposed merger carried political importance in Pennsylvania, a critical swing state that Trump eventually won. Biden publicly sided with the United Steelworkers, the labor union, in seeking to reject the deal. When he announced his opposition in a March statement, Biden said: “U.S. Steel has been an iconic American steel company for more than a century, and it is vital for it to remain an American steel company that is domestically owned and operated.” Nippon Steel has said it is the only company that can make the necessary investment in U.S. Steel's factories and strengthen the American steel industry. Both Nippon Steel and U.S. Steel on Tuesday released statements in support of the acquisition. "This transaction should be approved on its merits. The benefits are overwhelmingly clear. Our communities, customers, investors, and employees strongly support this transaction, and we will continue to advocate for them and adherence to the rule of law," U.S. Steel said. The deal follows a long stretch of protectionist U.S. tariffs that analysts say has helped reinvigorate domestic steel, including U.S. Steel. U.S. Steel's shareholders have approved the deal, but the United Steelworkers oppose it. In a statement Tuesday, the union said the deal carries “serious long-term implications for U.S. economic and national security.” “It’s clear that President Trump understands the vital role a strong domestic steel industry plays in our national security, as well as the importance of the jobs and communities the industry supports," the union said. The deal has drawn bipartisan opposition in the U.S. Senate, including from the incoming vice president, Republican Sen. JD Vance of Ohio, although the federal government's objections to the deal have drawn criticism that the opposition is political. Some U.S. Steel workers would prefer Nippon Steel acquire the company, given that it appears to have a better financial balance sheet than another potential buyer, Cleveland-Cliffs. U.S. Steel “provided a very, very good life for our families for a lot of years,” said Jack Maskil, a vice president at the Steelworkers local branch in West Mifflin, Pennsylvania. “And we feel that with the Nippon deal that a lot more families for futures to come will be able to share the same.” West Mifflin Mayor Chris Kelly said he met with Nippon Steel executives and found himself satisfied by their commitments. Located southeast of Pittsburgh, West Mifflin is home to U.S. Steel's Mon Valley Works–Irvin Plant. “There’s no question in my mind that it’s the best deal moving forward,” Kelly said at a panel hosted on Tuesday by the conservative think tank Hudson Institute, where Maskil was also speaking. The Biden administration committee vetting the merger is scheduled later this month to decide on the acquisition or possibly extend the ongoing review. William Chou, a deputy director at the Hudson Institute specializing in relations with Japan, said that "President-elect Trump's view on the deal are important." But given the upcoming deadline, “It's up to President Biden to recognize how this deal will advance the interests of future generations of U.S. Steel union steelworkers.” Trump’s statement came two weeks after Nippon Steel’s vice chairman, Takahiro Mori, visited Pittsburgh and Washington to meet with lawmakers, local officials and workers in an ongoing persuasion campaign. That campaign has included Nippon Steel's promises to boost its capital commitments beyond the original deal and, more recently, a pledge that it won’t import steel slabs that would compete with U.S. Steel’s blast furnaces. As part of its proposed $14.9 billion purchase of U.S. Steel, Nippon Steel also pledged to invest at least $1.4 billion in USW-represented facilities, not to conduct layoffs or plant closings during the term of the basic labor agreement, and to protect the best interests of U.S. Steel in trade matters. Boak reported from Washington.

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