nippon steel corp. - NPSCY

An economist who has written at length about the issue and a top Pittsburgh political figure spoke to Fox News in favor of the sale of U.S. Steel to a Japanese company.

Nippon Steel and U.S. Steel are pushing back on reports their merger would undermine U.S. national security amid reports the Biden-Harris administration is preparing to block the deal.

U.S. Steel's CEO is warning that the failure of its planned sale to Nippon Steel would lead to the closure of steel mills that would be modernized if the deal proceeds.

Vice President Harris said she opposes the proposed merger between U.S. Steel and Nippon Steel, aligning her views with President Biden and her electoral rival, former President Trump.

Vice President Kamala Harris is yet to weigh in on the proposed merger between U.S. Steel and Nippon Steel even as President Biden and former President Trump have expressed opposition.

Pennsylvania Gov. Josh Shapiro, a potential Democrat running mate for Vice President Harris, expressed his opposition to Nippon Steel's bid to buy U.S. Steel in remarks on Tuesday.

Nippon Steel announced that it hired former Secretary of State Mike Pompeo to advise the firm on its planned acquisition of U.S. Steel, which faces political and regulatory scrutiny.

Nippon Steel said that its planned acquisition of U.S. Steel for nearly $15 billion wouldn't cause layoffs or plant closures amid resistance from the Biden administration and unions.

Automakers are halting or shifting manufacturing in response to Russia's invasion of Ukraine.