Stock Market News

Yellen says CFIUS made “thorough analysis” of blocked US Steel-Nippon Steel merger

2025.01.08 12:46

WASHINGTON (Reuters) – U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel’s blocked acquisition of U.S. Steel received a “thorough analysis” by an interagency national security review body that was sent to President Joe Biden.

© Reuters. FILE PHOTO: Treasury Secretary Janet Yellen speaks at the Council on Foreign Relations in New York City, U.S., October 17, 2024.  REUTERS/Andrew Kelly/File Photo

Yellen, in a live interview on CNBC, said she could not discuss specifics of the review of the merger blocked by Biden last week that is now the subject of a lawsuit that alleges that the review by the Committee on Foreign Investment in the United States (CFIUS) was not conducted in good faith and was prejudiced by Biden.

“I think, as you know, there is ongoing litigation over this case, and as head of CFIUS, I regret there is very little substantive that I can say to you about this,” Yellen said. “Other than that, CFIUS did analyze the specifics, as it always does of this situation, and prepared a thorough analysis to go to the president.”



Source link

Related Articles

Back to top button
bitcoin
Bitcoin (BTC) $ 82,592.13 0.82%
ethereum
Ethereum (ETH) $ 1,929.56 1.17%
tether
Tether (USDT) $ 1.00 0.01%
xrp
XRP (XRP) $ 2.27 1.11%
bnb
BNB (BNB) $ 616.97 1.35%
solana
Solana (SOL) $ 124.42 0.61%
usd-coin
USDC (USDC) $ 0.999969 0.01%
cardano
Cardano (ADA) $ 0.701518 0.86%
dogecoin
Dogecoin (DOGE) $ 0.167018 0.71%
tron
TRON (TRX) $ 0.242596 9.76%
staked-ether
Lido Staked Ether (STETH) $ 1,927.21 1.15%
wrapped-bitcoin
Wrapped Bitcoin (WBTC) $ 82,388.07 0.81%
leo-token
LEO Token (LEO) $ 9.77 0.40%
the-open-network
Toncoin (TON) $ 3.57 4.31%
chainlink
Chainlink (LINK) $ 13.80 0.42%
stellar
Stellar (XLM) $ 0.275071 2.63%
usds
USDS (USDS) $ 1.00 0.03%
wrapped-steth
Wrapped stETH (WSTETH) $ 2,311.52 0.54%
pi-network
Pi Network (PI) $ 1.18 7.40%
hedera-hashgraph
Hedera (HBAR) $ 0.186517 1.24%
avalanche-2
Avalanche (AVAX) $ 18.90 1.60%
shiba-inu
Shiba Inu (SHIB) $ 0.000013 1.70%
sui
Sui (SUI) $ 2.28 2.55%
mantra-dao
MANTRA (OM) $ 7.04 1.14%
litecoin
Litecoin (LTC) $ 89.41 1.18%
polkadot
Polkadot (DOT) $ 4.45 3.48%
bitcoin-cash
Bitcoin Cash (BCH) $ 333.37 0.32%
bitget-token
Bitget Token (BGB) $ 4.58 3.46%
ethena-usde
Ethena USDe (USDE) $ 0.99987 0.01%
weth
WETH (WETH) $ 1,928.60 1.21%
binance-bridged-usdt-bnb-smart-chain
Binance Bridged USDT (BNB Smart Chain) (BSC-USD) $ 1.00 0.19%
hyperliquid
Hyperliquid (HYPE) $ 14.06 7.80%
wrapped-eeth
Wrapped eETH (WEETH) $ 2,053.24 1.42%
whitebit
WhiteBIT Coin (WBT) $ 28.05 1.30%
uniswap
Uniswap (UNI) $ 6.38 2.88%
monero
Monero (XMR) $ 206.96 1.81%
susds
sUSDS (SUSDS) $ 1.04 0.00%
aptos
Aptos (APT) $ 5.37 1.80%
dai
Dai (DAI) $ 1.00 0.06%
okb
OKB (OKB) $ 52.50 0.96%
near
NEAR Protocol (NEAR) $ 2.56 1.25%
pepe
Pepe (PEPE) $ 0.000007 0.86%
internet-computer
Internet Computer (ICP) $ 5.81 0.60%
ethereum-classic
Ethereum Classic (ETC) $ 18.01 2.22%
mantle
Mantle (MNT) $ 0.806308 2.10%
gatechain-token
Gate (GT) $ 21.96 0.07%
ondo-finance
Ondo (ONDO) $ 0.830618 1.05%
tokenize-xchange
Tokenize Xchange (TKX) $ 32.03 3.32%
aave
Aave (AAVE) $ 170.13 1.10%
coinbase-wrapped-btc
Coinbase Wrapped BTC (CBBTC) $ 82,605.13 0.80%