Tag: deserves

Nippon-U.S. Steel deal deserves ‘serious scrutiny,’ White House says

By Andrea Shalal WASHINGTON (Reuters) -The White House on Thursday said Nippon Steel Corp’s $14.9 billion proposed acquisition of U.S. Steel Corp deserves “serious scrutiny,” given the company’s core role in domestic steel production that is critical to national security. In its first substantive statement on the deal, the White House said it viewed a […]

Biden believes Nippon purchase of U.S. Steel deserves “serious scrutiny”

President Joe Biden believes Japanese company Nippon Steel’s planned purchase of iconic American company U.S. Steel deserves “serious scrutiny” because of potential national security and supply chain concerns, a top White House official said Thursday. Biden “has been clear that we welcome manufacturers across the world building their futures in America with American jobs and […]