Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy   The Big Story  Trump says he'll block Nippon Steel-U.S. Steel deal President-elect Trump vowed to block Japanese Nippon Steel’s acquisition of U.S. Steel, echoing a promise he made on the campaign trail as he prepares to take office. © Hiro Komae, Associated Press “I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan,” Trump wrote in a post Monday on Truth Social.   The Hill has contacted Nippon Steel for comment.   The Japanese firm announced last year a $14.9 billion deal to acquire U.S. Steel — a move that alarmed and was sharply criticized by both Republican and Democratic lawmakers.   Nippon asked in September to refile its acquisition bid, which put off a decision on the deal until after the presidential election. The deal also faced pushback from the United Steelworkers union. “Our concerns are rooted in a wealth of evidence," David McCall, international president for United Steelworkers, wrote earlier this year.   "Nippon Steel has a long history of strategically importing both substrate and finished products into the United States and countries as it offloads its 16 million tons of over-capacity in Japan and China, all to the detriment of American steelmaking and American steelworkers,”   Trump added in his post that “we will make U.S. Steel Strong and Great Again” through tax incentives and tariffs, which he has threatened to levy on allies and adversaries alike. The Hill's Juliann Ventura has more here.   Welcome to The Hill’s Business & Economy newsletter, we’re Aris Folley and Taylor Giorno — covering the intersection of Wall Street and Pennsylvania Avenue.   Did someone forward you this newsletter? Subscribe here.   Essential Reads  Key business and economic news with implications this week and beyond:   Judge reaffirms ruling invalidating massive Tesla pay package for Musk A Delaware judge again blocked Elon Musk’s multibillion-dollar pay package from Tesla on Monday.   Full Story   Most employees on lookout for or seeking new position: Survey Most employees are on the lookout for or actively seeking a new position as an increasing number of workers feel detached from their jobs, according to a new survey.   Full Story   Job openings bounced in October on need for IT workers The number of job openings and people quitting their jobs ticked upward in October while layoffs edged down, signaling a modest improvement in hiring conditions amid a broader tightening in the labor market.  Full Story {{if !contains(profile.lists,"Evening Report")}   {/if}}{{if !contains(profile.lists,"Evening Report")} COMING UP The Hill's Evening Report breaks down the day's big political stories and looks ahead to tomorrow. Click here to sign up & get it in your inbox {/if}}   The Ticker  Upcoming news themes and events we're watching: The Federal Reserve's new Beige Book is set for release Wednesday at 2 pm ET.   In Other News  Branch out with more stories from the day: Are you a former SmileDirectClub customer? You might be eligible for a refund NEW YORK (AP) — When SmileDirectClub shut down a year ago, scores of existing customers of the teeth-straightening … Full Story   Good to Know  Business and economic news we've flagged from other outlets: S&P 500 ticks higher for another record close on Tuesday (CNBC) Wall Street isn’t buying Trump’s deportation threats or Elon Musk’s spending cut claims (CNN) A judge has once again rejected Elon Musk’s multi-billion-dollar Tesla pay package. Now what? ( The Associated Press)   What Others are Reading  Top stories on The Hill right now: McConnell cries foul after 2 Democratic judges cancel retirement after Trump victory Senate Minority Leader Mitch McConnell (R-Ky.) vented his displeasure Monday after two Democratic-appointed federal judges reversed their decisions to retire in what appear to be efforts to stop President-elect Trump from nominating their successors. Read more Trump’s DEA nominee withdraws from consideration President-elect Trump’s nominee to serve as administrator of the Drug Enforcement Administration (DEA) announced on Tuesday he is withdrawing from consideration. Read more   What People Think  Opinion related to business and economic issues submitted to The Hill: Biden’s Christmas present for Trump: Sticky inflation      You're all caught up. See you tomorrow!  Close Thank you for signing up! Subscribe to more newsletters here The latest in politics and policy. Direct to your inbox. Sign up for the Business and Economy newsletter Subscribe