Reported 3 days ago
President Joe Biden is anticipated to announce a decision as early as Friday regarding Nippon Steel's bid to acquire U.S. Steel, as reported by CBS News. The proposal has faced opposition from the United Steelworkers union and certain politicians, with Biden emphasizing the importance of U.S. national security in his considerations. If he does not act, the merger will be automatically approved. Nippon Steel has proposed granting the U.S. government veto power over significant production cuts to gain approval.
Source: YAHOO