Reported 1 day ago
Nippon Steel is receiving backing for its $15 billion acquisition of U.S. Steel from various steelmaking communities in the U.S., according to President Tadashi Imai. With President Biden facing a decision on the deal, Imai mentioned commitments made to address national security concerns, while local officials urge the president to approve the takeover for the benefit of the U.S. economy. However, opposition remains from Biden and the United Steelworkers union, who question Nippon Steel's long-term commitment to U.S. operations.
Source: YAHOO