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 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.

Nippon Steel reiterated ... facing regulatory and political hurdles. Former President Joe Biden blocked the deal in January before leaving office, citing national security issues, while Trump ...

Despite these challenges, Nippon Steel remains committed to its pursuit of a transaction with US Steel. This article was generated with the support of AI and reviewed by an editor. For more ...

He gave a political ... out to Nippon Steel for comment. “We appreciate and commend President Donald Trump’s leadership. His action today validates our Board’s bold decision to challenge ...