U.S. says to investigate Nippon Steel, U.S. Steel merger

Politics Economy

The director of the U.S. National Economic Council said Thursday the body was ready to look into a planned $14.1 billion acquisition of United States Steel Corp. by Japan's Nippon Steel Corp. amid opposition to the deal from politicians and unions. President Joe Biden "believes the purchase of this iconic American-owned company by a foreign entity -- even one from a close ally -- appears to deserve serious scrutiny in terms of its potential impact on national security and supply chain reliability," Lael Brainard said in a statement. "This administration will be ready to look carefully at the f...

Kyodo News

Kyodo News