Tag #Cfius

Showing 13 to 23 of 23 results

aljazeera.com

🌐 85% Global Worthiness

Jan 6, 22:09

US Steel, Nippon Steel Sue Biden Administration Over Blocked Merger

Nippon Steel and US Steel are suing the Biden administration for blocking their \$15 billion merger, alleging political interference by the president, the United Steelworkers union, and a rival steelmaker; the lawsuit claims this cost US Steel jobs and investment.

US Steel, Nippon Steel Sue Biden Administration Over Blocked Merger

Nippon Steel and US Steel are suing the Biden administration for blocking their \$15 billion merger, alleging political interference by the president, the United Steelworkers union, and a rival steelmaker; the lawsuit claims this cost US Steel jobs and investment.

Progress

60% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate consequences of President Biden blocking the Nippon Steel-US Steel merger, and how does this impact US economic interests?

Nippon Steel and US Steel filed a lawsuit against the Biden administration for blocking their \$15 billion merger. The lawsuit alleges that the president interfered with the CFIUS review process, violating the companies' rights to a fair review and potentially costing US Steel jobs and investment.

theglobeandmail.com

🌐 85% Global Worthiness

Jan 6, 16:11

U.S. Steel, Nippon Steel Sue Biden Over Blocked Merger

Nippon Steel and U.S. Steel sued President Biden on Monday, alleging he unconstitutionally blocked their \$14.9 billion merger through a politically motivated national security review, violating their right to a fair process and seeking to overturn the decision.

U.S. Steel, Nippon Steel Sue Biden Over Blocked Merger

Nippon Steel and U.S. Steel sued President Biden on Monday, alleging he unconstitutionally blocked their \$14.9 billion merger through a politically motivated national security review, violating their right to a fair process and seeking to overturn the decision.

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What role did political considerations play in the decision to block the merger, and how did this influence the CFIUS review process?

The lawsuit alleges President Biden influenced the Committee on Foreign Investment in the U.S. (CFIUS) decision for political gain, violating the companies' rights to a fair review. Both Biden and Trump previously opposed the merger to appeal to Pennsylvania voters, highlighting the deal's political sensitivity.

cnbc.com

🌐 85% Global Worthiness

Jan 6, 01:05

CEO's prediction dooms $14.9B steel deal

Cleveland-Cliffs CEO Lourenco Goncalves' repeated assertions to investors that President Biden would block Nippon Steel's $14.9 billion bid for U.S. Steel, ultimately proven correct, raise questions about the influence of corporate lobbying on governmental decisions.

CEO's prediction dooms $14.9B steel deal

Cleveland-Cliffs CEO Lourenco Goncalves' repeated assertions to investors that President Biden would block Nippon Steel's $14.9 billion bid for U.S. Steel, ultimately proven correct, raise questions about the influence of corporate lobbying on governmental decisions.

Progress

40% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What was the impact of Lourenco Goncalves' actions on the outcome of Nippon Steel's bid for U.S. Steel?

Lourenco Goncalves, CEO of Cleveland-Cliffs, actively lobbied against Nippon Steel's $14.9 billion bid for U.S. Steel, repeatedly predicting its failure to investors. His comments, documented in investor call summaries, sometimes preceded drops in U.S. Steel's share price. President Biden ultimately blocked the deal, citing national security concerns.

abcnews.go.com

🌐 85% Global Worthiness

Dec 24, 10:10

CFIUS Deadlocks on Nippon Steel-U.S. Steel Merger, Decision Rests with Biden

President Joe Biden will decide the fate of a proposed $14.9 billion deal for Nippon Steel to acquire U.S. Steel after a government panel deadlocked on national security concerns; Biden previously opposed the deal citing concerns over domestic ownership and operation.

CFIUS Deadlocks on Nippon Steel-U.S. Steel Merger, Decision Rests with Biden

President Joe Biden will decide the fate of a proposed $14.9 billion deal for Nippon Steel to acquire U.S. Steel after a government panel deadlocked on national security concerns; Biden previously opposed the deal citing concerns over domestic ownership and operation.

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate consequences of CFIUS's failure to reach a consensus on the Nippon Steel-U.S. Steel merger, and what is the potential impact on American steel production?

The Committee on Foreign Investment in the United States (CFIUS) failed to reach a consensus on Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel, leaving the decision to President Biden, who opposes the deal. This inaction follows Biden's March statement against the merger and leaves the future of U.S. Steel's domestic ownership uncertain. The White House has stated President Biden has 15 days to make a final decision.

edition.cnn.com

🌐 85% Global Worthiness

Dec 24, 07:10

Biden to Decide Fate of Nippon Steel's US Steel Acquisition Amidst National Security Concerns

President Biden will decide the fate of Nippon Steel's proposed acquisition of US Steel after a government committee failed to reach a consensus on whether the deal poses a national security risk; the deal is also under antitrust review, and President-elect Trump has vowed to block it.

Biden to Decide Fate of Nippon Steel's US Steel Acquisition Amidst National Security Concerns

President Biden will decide the fate of Nippon Steel's proposed acquisition of US Steel after a government committee failed to reach a consensus on whether the deal poses a national security risk; the deal is also under antitrust review, and President-elect Trump has vowed to block it.

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the immediate impact of CFIUS's failure to reach a consensus on the Nippon Steel-US Steel merger?

The Committee on Foreign Investment in the United States (CFIUS) failed to reach a consensus on Nippon Steel's acquisition of US Steel, leaving the decision to President Biden. He is expected to block the deal, prioritizing domestic steel jobs and countering public opposition from himself, Vice President Harris, and President-elect Trump. US Steel's stock price fell 3% following the news.

us.cnn.com

🌐 85% Global Worthiness

Dec 24, 07:10

Biden to Decide Fate of Nippon Steel's US Steel Acquisition

President Biden will decide the fate of Nippon Steel's acquisition of US Steel after a government committee failed to reach a consensus on whether the deal poses a national security risk; the deal has become a political lightning rod, with public opposition from Biden, Vice President Kamala Harris, ...

Biden to Decide Fate of Nippon Steel's US Steel Acquisition

President Biden will decide the fate of Nippon Steel's acquisition of US Steel after a government committee failed to reach a consensus on whether the deal poses a national security risk; the deal has become a political lightning rod, with public opposition from Biden, Vice President Kamala Harris, ...

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the immediate impact of CFIUS's failure to reach a consensus on the Nippon Steel-US Steel merger?

The Committee on Foreign Investment in the United States (CFIUS) has failed to reach a consensus on the national security implications of Nippon Steel's proposed acquisition of US Steel. President Biden will now decide whether to block the deal, a decision he's publicly favored due to concerns about protecting American jobs. US Steel shares fell 3% after hours.

abcnews.go.com

🌐 85% Global Worthiness

Jan 6, 16:11

U.S. Steel, Nippon Steel Sue Biden Administration Over Blocked Merger

U.S. Steel and Nippon Steel sued the Biden administration on Monday for blocking their $14 trillion merger, alleging that the decision was politically motivated to benefit the United Steelworkers union and that the administration used national security concerns as a pretext; shares of U.S. Steel and...

U.S. Steel, Nippon Steel Sue Biden Administration Over Blocked Merger

U.S. Steel and Nippon Steel sued the Biden administration on Monday for blocking their $14 trillion merger, alleging that the decision was politically motivated to benefit the United Steelworkers union and that the administration used national security concerns as a pretext; shares of U.S. Steel and...

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What long-term implications could this lawsuit have on the CFIUS review process and the balance between national security concerns and economic policy decisions?

This case highlights the intersection of national security, economic policy, and political influence in merger decisions. The lawsuit's success could significantly impact future merger reviews and the role of political considerations in national security assessments. Further legal challenges are likely.

us.cnn.com

🌐 85% Global Worthiness

Jan 6, 07:07

Biden Blocks Nippon Steel's US Steel Acquisition; Legal Action Considered

President Joe Biden blocked Nippon Steel's \$14.3 billion bid to acquire US Steel on national security grounds, prompting Nippon Steel to consider legal action, despite the United Steelworkers' support for the block.

Biden Blocks Nippon Steel's US Steel Acquisition; Legal Action Considered

President Joe Biden blocked Nippon Steel's \$14.3 billion bid to acquire US Steel on national security grounds, prompting Nippon Steel to consider legal action, despite the United Steelworkers' support for the block.

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How did the United Steelworkers' position on the acquisition influence the decision-making process?

The blocked acquisition highlights rising concerns about foreign ownership of critical US industries. While the United Steelworkers union supported the block, fearing foreign control, others worry the decision could hinder US Steel's needed investment and discourage future foreign investment. Nippon Steel argues the deal would have provided crucial investment in US Steel's domestic operations, preventing potential mill closures.

cnn.com

🌐 85% Global Worthiness

Dec 24, 04:06

Biden to Decide Fate of Nippon Steel's US Steel Acquisition

President Biden will decide the fate of Nippon Steel's proposed acquisition of US Steel after a government committee failed to reach consensus on national security implications; the deal faces opposition from the president, and US Steel's stock fell 3% following the news.

Biden to Decide Fate of Nippon Steel's US Steel Acquisition

President Biden will decide the fate of Nippon Steel's proposed acquisition of US Steel after a government committee failed to reach consensus on national security implications; the deal faces opposition from the president, and US Steel's stock fell 3% following the news.

Progress

56% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How did political opposition from various parties influence the CFIUS review process?

This deadlock highlights the tension between economic concerns and national security interests. While US Steel argues the deal is crucial for its survival and includes significant investment pledges from Nippon Steel, President Biden and others prioritize maintaining domestic steel production and employment. Political opposition from both sides of the aisle further complicated the CFIUS review.

cbsnews.com

🌐 85% Global Worthiness

Dec 24, 07:11

Biden to Decide Fate of Nippon Steel's U.S. Steel Bid

President Biden will decide within 15 days whether to block Nippon Steel's nearly $15 billion acquisition of U.S. Steel after a government panel failed to reach a consensus on national security concerns, despite arguments that the deal could help preserve American steel production.

Biden to Decide Fate of Nippon Steel's U.S. Steel Bid

President Biden will decide within 15 days whether to block Nippon Steel's nearly $15 billion acquisition of U.S. Steel after a government panel failed to reach a consensus on national security concerns, despite arguments that the deal could help preserve American steel production.

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the immediate consequences of CFIUS's failure to reach a consensus on the Nippon Steel-U.S. Steel merger?

The Committee on Foreign Investment in the United States (CFIUS) failed to reach a consensus on the proposed $14.9 billion acquisition of U.S. Steel by Nippon Steel, leaving the final decision to President Biden, who previously opposed the deal. This inaction follows a report submitted to the President, who now has 15 days to decide whether to block the merger. The economic risk is that Nippon Steel's investment could revitalize American steel production.

apnews.com

🌐 85% Global Worthiness

Dec 24, 07:10

Biden to Decide Fate of Nippon Steel's U.S. Steel Acquisition

President Joe Biden will decide within 15 days whether to block a nearly $15 billion deal for Nippon Steel of Japan to purchase U.S. Steel, after a government panel failed to reach consensus on national security risks; the United Steelworkers union opposes the deal, while Nippon Steel promises signi...

Biden to Decide Fate of Nippon Steel's U.S. Steel Acquisition

President Joe Biden will decide within 15 days whether to block a nearly $15 billion deal for Nippon Steel of Japan to purchase U.S. Steel, after a government panel failed to reach consensus on national security risks; the United Steelworkers union opposes the deal, while Nippon Steel promises signi...

Progress

44% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the potential long-term implications of this decision for the American steel industry, national security, and future foreign investment reviews?

The outcome will significantly impact the future of the American steel industry, influencing domestic production, job security, and technological advancements. President Biden's decision will set a precedent for future foreign investment reviews, potentially impacting similar mergers and acquisitions in other critical sectors. The debate highlights the complex interplay between economic growth, national security, and protectionist trade policies.

Showing 13 to 23 of 23 results