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United States Steel Newsroom
The U.S. Foreign Investment Committee is reported to have not reached a conclusion regarding the acquisition of U.S. Steel by a Japanese steel company.
According to a report by the Financial Times, the U.S. Treasury has notified Nippon Steel and United States Steel (X.US) that the Committee on Foreign Investment in the United States (CFIUS) has not yet reached a conclusion on resolving the national security issues surrounding their $14.9 billion merger, and indicated that the nine departments involved failed to submit recommendations to President Biden before the deadline. The approval deadline for the merger between Nippon Steel and United States Steel is set for the 22nd of this month. This merger has triggered backlash within the U.S., with current President Biden and the elected President Trump publicly stating their intention to veto the merger.
Express News | Media: The USA Foreign Investment Committee has differing opinions on the Trade of Japan Steel.
Express News | The United States Treasury informed Japan Steel that the group reviewing the proposed acquisition of United States Steel has not reached a consensus on how to reduce security risks.
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On December 13th ET, $United States Steel(X.US)$ had active options trading, with a total trading volume of 170.62K options for the day, of which put options accounted for 38.33% of the total
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On December 12th ET, $United States Steel(X.US)$ had active options trading, with a total trading volume of 186.12K options for the day, of which put options accounted for 37.59% of the total
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How will the United States Steel acquisition case conclude? The Biden administration is reportedly experiencing internal disagreements.
Some observers indicate that one of the reasons Biden is unlikely to change his stance is that he knows Trump will block the Trade, and even if he approves it himself, it would be overturned by the latter.
Express News | The U.S. government reportedly has differences regarding the acquisition case of United States Steel, and Biden is considering blocking the Trade.
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United States Steel Options Spot-On: On December 11th, 202.5K Contracts Were Traded, With 1.89 Million Open Interest
On December 11th ET, $United States Steel(X.US)$ had active options trading, with a total trading volume of 202.5K options for the day, of which put options accounted for 63.9% of the total
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U.S. Stock Outlook | The three major Equity Index futures are mixed, as the market holds its breath for tonight's CPI.
On December 11 (Wednesday) in Pre-Market Trading, the three major U.S. Equity Index futures were mixed.
The White House of the United States: Reviewing the merger Trade between Nippon Steel and United States Steel.
Gelonghui, December 11 | According to Reuters, the White House stated on Tuesday that a National Security review is ongoing regarding Nippon Steel's acquisition of United States Steel for $15 billion. President Biden will observe the results before deciding whether to block the Trade and has warned that he still opposes the Trade. United States Steel fell 9.68% on Tuesday, closing at $35.26.
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Express News | Nippon Steel Says if Necessary, It Will Work With U. S. Steel to Consider and Take All Available Measures to Reach a Fair Conclusion