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Biden to announce decision on Nippon Steel bid for US Steel as early as Friday, CBS News reports

2 days ago

Less than a minute

2025.01.02 21:21

© Reuters. FILE PHOTO: A United Steelworkers sign is seen outside the Great Lakes Works United States Steel plant in River Rouge, Michigan U.S., September 16, 2024. REUTERS/Rebecca Cook/File Photo

WASHINGTON (Reuters) – U.S. President Joe Biden is likely to announce a decision as soon as Friday on whether he will approve Japan’s Nippon Steel’s acquisition of U.S. Steel, CBS News reported late on Thursday, citing people familiar with the process.

The Committee on Foreign Investment in the United States (CFIUS) recently referred the decision to approve or block the deal to Biden, who will leave office on Jan. 20.

2 days ago

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