U.S. President Donald Trump has endorsed Nippon Steels $14.9 billion acquisition of U.S. Steel, calling it a planned partnership that will create over 70,000 jobs and inject $14 billion into the U.S.

Nippon Steel shares slipped 0.8% in Japanese trading. Court challenges to the Cfius review process and president’s authority over foreign business deals have been sparse over the years.

Nippon Steel was engaged in acquisition talks with U.S. Steel, following a bidding process, before it ended up embroiled in the political situation ... would face the challenge of having to ...

(AP) — The bid by Japan’s Nippon Steel to buy U.S. Steel ... it was a violation of legal due process and a political calculation. The two steel companies sued in federal court three days ...

Nippon Steel proposes a $14 billion investment to acquire U.S. Steel, pending a U.S. government green light. Facing political resistance, particularly over national security concerns, Nippon Steel enhances its investment proposal amidst criticism and a potential $565 million breakup fee.