Coverage dated December 19, 2023 to December 21, 2023
President Joe Biden says Nippon Steel deal for U.S. Steel needs 'serious scrutiny'
Headline from UPI, on the newest of 2 developments
The White House weighed into Nippon Steel's announced purchase of U.S. Steel on Thursday, with a top Biden official saying the deal deserved "serious scrutiny."
UPI's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
United States Steel Corp. is proactively seeking a foreign investment review from President Joe Biden’s administration as a condition of its sale to Japan’s Nippon Steel Corp, a move designed to quiet critics of the deal.
A proposed deal that would see US Steel Corp bought by Japan's Nippon Steel should be closely investigated by American authorities, the White House said
The White House said Thursday that the sale of U.S. Steel to a Japanese firm “appears to deserve serious scrutiny” as political pressure mounts to scuttle the deal.
US Steel’s potential acquisition by a Japanese rival steelmaker may face pushback by the US government, according to comments made by US Commerce Secretary Gina Raimondo.
The purchase of United States Steel Corp. by a Japanese company “appears to deserve serious scrutiny,” President Joe Biden’s top economic adviser said, the latest sign of political pressure over the deal.
The White House suggested on Thursday that the $14 billion acquisition of U.S. Steel by Japan's Nippon Steel Corp. warrants a review by the Treasury Department's Committee on Foreign Investment in the United States.
The White House weighed into Nippon Steel's announced purchase of U.S. Steel on Thursday, with a top Biden official saying the deal deserved "serious scrutiny."
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 be reviewed by the secretive Committee on Foreign Investment in the United States.
Japan’s largest steel company’s plan to buy the United States Steel Corporation is facing a wide array of scrutiny, with some calling on the government to step in and scrap the agreement.
The two companies notified the Treasury Department on Monday that they would voluntarily file for review by the Committee on Foreign Investment in the United States.
WASHINGTON — 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, Biden’s national economic adviser, said the takeover of an “iconic American-owned company” by a foreign entity deserved “serious scrutiny.”
Biden “believes the purchase of this iconic American-owned company by a foreign entity ... appears to deserve serious scrutiny in terms of its potential impact on national security and supply chain reliability.”
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President Joe Biden says Nippon Steel deal for U.S. Steel needs 'serious scrutiny' | Since Then
