Biden wants U.S. Steel purchase examined; Kentuck Festival moving to Tuscaloosa; Layoffs surged in Alabama in 2023

President Joe Biden says “serious scrutiny” is warranted for Japan’s Nippon Steel’s planned $14.1 billion purchase of U.S. Steel

Biden: U.S. Steel purchase warrants ‘serious scrutiny’

President Joe Biden says “serious scrutiny” is warranted for Japan’s Nippon Steel’s planned $14.1 billion purchase of U.S. Steel, the Pittsburgh-based company with a major presence in Birmingham. The deal will likely be reviewed by the Committee on Foreign Investment in the United States.Nippon is already a partner with ArcelorMittal in a steel plant in Mobile County. – AL.com

Kentuck Festival moving to Tuscaloosa

The Kentuck Festival of the Arts is moving to Tuscaloosa from nearby Northport in 2024. The arts festival had been in Northport for more than 50 years. The specific site for the festival has yet to be determined. – Bama Buzz

Layoffs surged in Alabama in 2023

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More than 4,000 jobs were eliminated by about 24 companies in 2023 in Alabama. Half of those employers permanently closed their Alabama facilities, according to WARN notices filed with the state. – AL.com

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