Reported 28 days ago
Nippon Steel Corp. is making a final effort to gain support for its $14.1 billion acquisition of United States Steel Corp., a deal met with opposition from President Biden, Vice President Harris, and former President Trump. While major union leadership opposes the acquisition, some local union members and stakeholders favor the deal due to Nippon Steel's commitment to invest significantly in U.S. facilities. The Committee on Foreign Investment in the United States is reviewing the deal, which has become a point of contention in the political landscape, particularly amidst the upcoming presidential election.
Source: YAHOO