Biden will decide on US Steel acquisition after influential panel fails to reach consensus
- Nippon Steel's $15 billion bid for U.S. Steel has been referred to U.S. President Joe Biden for a decision within 15 days, as stated by a White House spokesman.
- The Committee on Foreign Investment in the United States referred the bid after failing to reach a consensus on national security risks.
- CFIUS warned that allowing Nippon Steel to acquire U.S. Steel could lead to lower domestic steel production, posing a national security risk, according to the Washington Post.
- Both President Joe Biden and President-elect Donald Trump have expressed opposition to the $15 billion deal announced by Nippon Steel last December.
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Total News Sources0
Leaning Left26Leaning Right19Center40Last UpdatedBias Distribution47% Center
Bias Distribution
- 47% of the sources are Center
47% Center
L 31%
C 47%
R 22%
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