Reported about 1 month ago
President Donald Trump stated that Nippon Steel will invest in US Steel rather than buy it, amid a previously controversial bid of nearly $15 billion. During a news conference with Japanese Prime Minister Shigeru Ishiba, Trump misnamed Nippon Steel as 'Nissan' but confirmed plans for an investment, emphasizing mutual benefits and technology transfer. This shift in approach comes as both Trump and President Biden opposed the original merger due to its implications for national security and the political landscape in Pennsylvania.
Source: YAHOO