Express News | Former President Trump will reiterate his commitment to block Nippon Steel's plan to purchase united states steel at a rally in Pennsylvania.
Express News | Trump to Reiterate Pledge to Block Nippon Steel's Planned Purchase of U.S. Steel at Pennsylvania Rally - Speech Excerpts
Biden reaffirmed his position, still hoping that united states steel will be controlled by Americans.
September 29th, Gelonghui｜Regarding Nippon Steel's plan to invest 14.9 billion US dollars to acquire United States Steel, President Biden stated that he has not changed his view on the deal, hoping that the control of United States Steel will remain in American hands. Biden and Vice President Harris have both expressed their desire for United States Steel to be owned by Americans. Earlier reports suggested that the Committee on Foreign Investment in the United States (CFIUS), responsible for reviewing the deal, was inclined to inform both companies that the deal would not be approved on national security grounds. However, CFIUS subsequently announced an extension of the review period, with a decision on the deal to be made after the November presidential election.
Biden Says He Hasn't Changed His Stance On US Steel
Express News | President Biden: The United States does not understand nor participate in the (Israeli) attack on Beirut. There has been no change in the position regarding the sale of United States Steel Company.
Stocks anomaly | United States Steel falls more than 2.3%. The United Steelworkers still hold a negative attitude towards the acquisition.
Gelonghui September 26th | United States Steel (X.US) fell more than 2.3%, closing at $37.33. On the news front, on Wednesday, the arbitration committee ruled in favor of Nippon Steel's $14.9 billion acquisition of the company, but the United Steelworkers (USW) disagreed with this decision. The arbitration committee, jointly selected by the company and the union, ruled that United States Steel has met all the conditions of the succession clause in the basic labor agreement (BLA) signed with USW. However, the union stated that this decision did not change its opposition to the agreement.