US Steel argued that the transaction boosts national and economic security by investing in innovation and manufacturing, particularly by forging alliances to combat competitive threats from China.
Biden’s administration is under pressure to make a timely decision, with growing opposition from labor unions, who remain skeptical about job security with the potential acquisition.
Biden has a strict timeline of 15 days to either approve the takeover of US Steel by Nippon Steel or extend the decision-making period.
Both Nippon Steel and US Steel emphasized the need for this deal to be assessed based on its merits to strengthen American steel production.
Collection
[
|
...
]