Biden Believes U.S. Steel Sale Warrants 'Serious Scrutiny,' White House Says
The $14 billion deal will likely be reviewed by the secretive Committee on Foreign Investment in the United States.
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The $14 billion deal will likely be reviewed by the secretive Committee on Foreign Investment in the United States.
WASHINGTON (AP) — President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan’s Nippon Steel, the White House said Thursday after days of silence on a transaction that has drawn alarm from the steelworkers union. Lael Brainard, the director of the National Economic Council, indicated the deal would […]
The planned acquisition of U.S. Steel by Japan's Nippon Steel has drawn alarm from the steelworkers union.
The planned sale of the United States Steel Corporation, an industry giant and Northwest Indiana icon for more than a century, has prompted a strong backlash from union leadership and elected officials. Environmental advocates have renewed calls for the company to reduce its carbon emissions in a bid to slow down human-made climate change. On Monday, the Pittsburgh-based U.S. Steel announced ...
The $14 billion deal will likely be reviewed by the secretive Committee on Foreign Investment in the United States.