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(2,463 posts)

2. I'm really not sure what the best thing for this situation is.

Tue Dec 3, 2024, 08:32 AM

Dec 3

Harris & Biden oppose the deal as well.

https://www.cnn.com/2024/09/04/business/us-steel-nippon-steel-chances/index.html

Biden prepared to block US Steel purchase by Nippon Steel

Then there is this:

https://apnews.com/article/biden-steel-nippon-merger-purchase-pennsylvania-350ea331bd077d68f505acaef7fd7d5c

Biden administration appears to be in no rush to stop U.S. Steel takeover by Nippon Steel

https://www.cnn.com/2024/09/18/business/japan-nippon-steel-us-takeover-extended-hnk-intl/index.html

Biden administration gives Japanese steelmaker more time to make case for controversial deal

https://www.cfr.org/article/blocking-nippon-steel-acquisition-politics-versus-policy

Blocking the Nippon Steel Acquisition: Politics Versus Policy
A decision by President Biden to block Nippon Steel’s purchase of U.S. Steel would not be good policy or good politics.

I do know that in Pennsylvania, we've been bombarded with TV ads and radio ads for months saying that it is critical to US Steel's survival for the sale/merger to take place. I'm sure in the Pittsburgh area, the level of ads is probably 10 times worse.