Tag #Nippon Steel

Showing 49 to 60 of 65 results

elpais.com

🌐 85% Global Worthiness

Jan 3, 19:10

Biden Vetoes Nippon Steel's US Steel Acquisition

President Joe Biden vetoed Nippon Steel's $14.1 billion acquisition of US Steel, citing national security concerns and potential risks to US steel production, despite overwhelming shareholder approval and Nippon Steel's promises of investment and job security.

Biden Vetoes Nippon Steel's US Steel Acquisition

President Joe Biden vetoed Nippon Steel's $14.1 billion acquisition of US Steel, citing national security concerns and potential risks to US steel production, despite overwhelming shareholder approval and Nippon Steel's promises of investment and job security.

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What is the immediate impact of President Biden's veto on the US Steel-Nippon Steel deal and US-Japan relations?

President Biden blocked the $14.1 billion acquisition of US Steel by Japan's Nippon Steel, citing national security concerns. This veto, anticipated for over a year, comes just weeks before Biden leaves office and may strain US-Japan relations. The decision follows a CFIUS review highlighting risks to national security if Nippon Steel reduced US steel production.

cnbc.com

🌐 85% Global Worthiness

Jan 3, 16:09

Biden Blocks Nippon Steel's U.S. Steel Takeover

President Joe Biden blocked Nippon Steel's $14.9 billion acquisition of U.S. Steel on Friday, citing national security concerns and opposition from the United Steelworkers union, causing a 7% stock drop and raising questions about protectionism and the future of American steel production.

Biden Blocks Nippon Steel's U.S. Steel Takeover

President Joe Biden blocked Nippon Steel's $14.9 billion acquisition of U.S. Steel on Friday, citing national security concerns and opposition from the United Steelworkers union, causing a 7% stock drop and raising questions about protectionism and the future of American steel production.

Progress

60% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How does Biden's decision reflect broader trends in U.S. economic policy and relations with key allies?

Biden's action reflects a growing protectionist trend in the U.S., with both Democrats and Republicans prioritizing domestic control of key industries amid rising geopolitical tensions. The decision highlights the complex relationship between national security, economic competitiveness, and international alliances, even with close partners like Japan. Concerns over potential plant closures and job losses at U.S. Steel were also a factor.

taz.de

🌐 85% Global Worthiness

Jan 3, 19:10

Biden Blocks Nippon Steel's US Steel Acquisition

President Joe Biden blocked a $14.9 billion acquisition of US Steel by Japan's Nippon Steel on January 19th, 2024, citing national security concerns and the risk to American jobs, despite the planned $2.7 billion investment in US Steel factories and appeals from both companies.

Biden Blocks Nippon Steel's US Steel Acquisition

President Joe Biden blocked a $14.9 billion acquisition of US Steel by Japan's Nippon Steel on January 19th, 2024, citing national security concerns and the risk to American jobs, despite the planned $2.7 billion investment in US Steel factories and appeals from both companies.

Progress

52% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How did the United Steelworkers union's stance influence President Biden's decision?

Biden's decision highlights the increasing tension between global economic competition and national security interests, particularly in strategic industries like steel production. The United Steelworkers union opposed the takeover, arguing it would harm American workers and the domestic steel industry.

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.

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.

cnn.com

🌐 85% Global Worthiness

Jan 3, 16:08

Biden Blocks Nippon Steel's US Steel Acquisition

President Joe Biden blocked a $14.3 billion acquisition of US Steel by Japan's Nippon Steel on Friday, citing national security concerns, despite the deal's potential to provide US Steel with crucial investments; the move has sparked debate about the balance between national security and economic in...

Biden Blocks Nippon Steel's US Steel Acquisition

President Joe Biden blocked a $14.3 billion acquisition of US Steel by Japan's Nippon Steel on Friday, citing national security concerns, despite the deal's potential to provide US Steel with crucial investments; the move has sparked debate about the balance between national security and economic in...

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the long-term implications of this decision for the competitiveness of the US steel industry and its workers?

The long-term consequences of this decision remain uncertain. While it might temporarily bolster domestic support, it could deter future foreign investment in US companies, hindering economic growth and innovation. The viability of US Steel, without the promised Nippon investment, raises concerns about the future of the American steel industry and its workforce.

dw.com

🌐 85% Global Worthiness

Jan 3, 19:10

Biden Blocks Nippon Steel's US Steel Buyout Over National Security Concerns

President Biden blocked Japan's Nippon Steel's $14.9 billion takeover bid of US Steel on Friday, citing national security concerns and risks to key supply chains, despite the deal's approval by US Steel and support from some within the White House.

Biden Blocks Nippon Steel's US Steel Buyout Over National Security Concerns

President Biden blocked Japan's Nippon Steel's $14.9 billion takeover bid of US Steel on Friday, citing national security concerns and risks to key supply chains, despite the deal's approval by US Steel and support from some within the White House.

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

How might Biden's veto impact US-Japan relations and the global steel market?

Biden's decision reflects a broader trend of protectionist policies in the US steel sector, aiming to counter competition from China and safeguard domestic jobs. The move follows previous tariffs on imported steel and highlights concerns about supply chain vulnerabilities.

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.

english.kyodonews.net

🌐 85% Global Worthiness

Dec 24, 07:11

Biden to Decide Fate of U.S. Steel's $14.1 Billion Sale

President Biden will decide within 15 days whether to approve Nippon Steel's $14.1 billion acquisition of U.S. Steel after a federal panel failed to reach a consensus, despite Nippon Steel's pledges to maintain U.S. jobs and operations and counter China's steel dominance.

Biden to Decide Fate of U.S. Steel's $14.1 Billion Sale

President Biden will decide within 15 days whether to approve Nippon Steel's $14.1 billion acquisition of U.S. Steel after a federal panel failed to reach a consensus, despite Nippon Steel's pledges to maintain U.S. jobs and operations and counter China's steel dominance.

Progress

48% Bias Score

ShareSaveArticle

Decent Work and Economic Growth

12345678

Previous 1 of 8 Next

What are the key arguments for and against the acquisition, and how do these arguments reflect broader concerns about national security and industrial policy?

President Biden's decision on the U.S. Steel acquisition reflects broader concerns about national security and the future of American industry. Both Biden and Trump have expressed opposition, aligning with the United Steelworkers union, despite support from U.S. Steel shareholders and some workers. Nippon Steel's pledges to maintain U.S. operations and jobs have not swayed this opposition.

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.

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.

Showing 49 to 60 of 65 results