Nippon Steel allegedly sends new bid to Biden - Breaking The News
Download our appPlay StoreApp Store

Nippon Steel allegedly sends new bid to Biden

EPA-EFE/FRANCK ROBICHON

Nippon Steel Corp. forwarded a new proposal for the acquisition of United States Steel Corporation to the Biden administration, the Washington Post reported on Tuesday citing a document sent to the White House.

According to the document, the US government would have the power to veto any trimming of the US Steel's "production capacity." The latest bid comes after the Committee on Foreign Investment in the United States (CFIUS) raised concerns that the deal could lead to a fall in domestic output, potentially putting US national security under threat.

Two senior administration officials told the news outlet that Biden has been against the takeover for months now, and has stated this opinion publically. On the other hand, his advisors have been in favor of the agreement.

Related Stocks
US Steel
NIPPON STEEL
Related News
Trump ends Hunter, Ashley Biden's Secret Service detail
United States President Donald Trump announced that former President Joe Biden's children, Hunter and Ashley, would lose their Secret Service protection "effective immediately." He claimed taxpayers had been covering their security for too long, with Hunter having as many as 18 agents. Trump called the cost "ridiculous" and criticized Biden's son for vacationing in South Africa. Ashley Biden, who reportedly had 13 agents, would also lose protection, Trump...
Trump: Biden got us into 'real mess' with Russia
United States President Donald Trump blamed on Friday his predecessor, Joe Biden, for getting Washington into a "real 'mess' with Russia and EVERYTHING ELSE!"In a post on Truth Social, he reiterated that if he had remained president, the war in Ukraine wouldn't have happened and "millions of people" wouldn't have died "needlessly." Trump once again called for a ceasefire and a deal between Moscow and Kiev. The current US head of state also repeated that...
Gabbard revokes security permits for top Biden officials
United States Director of National Intelligence Tulsi Gabbard revoked on Monday security clearances for top-ranking officials from the administration of former President Joe Biden, as per incumbent head of state Donald Trump's instructions.Former Secretary of State Anthony Blinken, National Security Adviser Jake Sullivan, and New York Attorney General Letitia James, among others, were barred from receiving classified information."The President's Daily...
Judge blocks Trump's firing of labor board official
A federal judge on Thursday ruled that President Donald Trump's removal of National Labor Relations Board (NLRB) Chair Gwynne Wilcox was unlawful. US District Judge Beryl Howell reinstated Wilcox, calling Trump's action a "power grab" and emphasizing that a president's power to remove federal officials is limited by law. The judge further stated that Trump's attempt to fire Wilcox violated legal protections designed to keep the NLRB independent from political...

Please observe our Terms of Use. The price information is time delayed to varying extents, but as a rule by 15 minutes or more, according to the regulations of the selected stock exchange and/or licensors and the type of securities.

© 2025 TeleTrader Software GmbH. All rights reserved

This website uses cookies to ensure you get the best experience. Our Terms of Use and Data Protection Policy explain the data we collect, why we collect them, and how we may share them.