The Biden administration is likely to delay a final decision on blocking Nippon Steel’s $15 billion bid for U.S. Steel until after the election.
Top Democrats and Republicans agree that Nippon's $15 billion acquisition of U.S. Steel poses risks, leading to a bipartisan consensus against the deal.
Business groups worry that political motivations behind blocking the deal could compromise a process intended for safeguarding national security and U.S. interests.
Concerns from the steelworkers union focus on Nippon’s potential failure to uphold pension agreements and invest in Pennsylvania facilities, threatening workforce stability.
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