U.S. Steel has been a struggling company for years, recently entering the market to find a buyer willing to purchase the company at a premium.
Despite potential benefits of the deal, the U.S. government, under President Biden, appears poised to block the buyout due to national security concerns.
The company's future looks bleak, especially with the possibility of a recession, and the CEO has indicated that job losses may be imminent without support.
There is confusion and debate over the rationale behind these national security concerns, especially since the deal involves a Japanese company rather than one from a more adversarial nation.
[
Collection
]
[
|
...
]