Reported about 19 hours ago
Nippon Steel's $15 billion merger with U.S. Steel is under scrutiny by a U.S. government panel assessing national security risks, with recommendations expected soon. High-profile opposition, including from President Biden and Donald Trump, adds pressure as potential delays may necessitate a new approval process. Should the deal be blocked, U.S. Steel warns of significant job losses, while Nippon Steel prepares for all options to ensure the merger's success.
Source: YAHOO