01-06-2025, 04:07 AM
(This post was last modified: 01-06-2025, 04:08 AM by Cauliflower Of Love.)
Surprised I didn't see this here
https://www.whitehouse.gov/briefing-room/presidential-actions/2025/01/03/order-regarding-the-proposed-acquisition-of-united-states-steel-corporation-by-nippon-steel-corporation/
https://www.bbc.com/news/articles/cx2vz83pg9eo
Let's go biden.
https://www.whitehouse.gov/briefing-room/presidential-actions/2025/01/03/order-regarding-the-proposed-acquisition-of-united-states-steel-corporation-by-nippon-steel-corporation/
https://www.bbc.com/news/articles/cx2vz83pg9eo
Quote:US President Joe Biden has blocked the takeover of US Steel by a bigger Japanese firm, delivering on a political promise despite fears the move could hurt Washington's relations with Tokyo and scare off other foreign investors.
Biden cited threats to national security in rejecting the Nippon Steel purchase, saying US ownership was important to keeping the US steel industry and its supply chains strong.
His intervention follows pressure from the United Steelworkers union, which had opposed a transaction that was a sensitive political issue in the 2024 US presidential campaign.
Let's go biden.