PRESS DIGEST-New York Times business news - June 16

ReutersJun 16, 2025 5:32 AM

June 16 (Reuters) - The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy.

- Japan's Nippon Steel 5401.T agreed to an arrangement, which would give U.S. President Donald Trump and his successors a permanent stake in U.S. Steel X.N, significant sway over its board, and veto power over a wide array of company actions.

- A constellation of companies and groups paid U.S. President Trump's supporters before they took jobs in his White House, according to new disclosure statements.

- The leaders of two of the nation's labor unions have quit their posts in the Democratic National Committee in a major rebuke to party's new chairman, Ken Martin.

- American consumers are likely to start feeling the impact of the escalating conflict between Israel and Iran, as more expensive oil causes prices at the gas pump to rise.

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