US Steel’s planned $14.1 billion sale to Nippon Steel is expected to face opposition from President Biden due to national security concerns. The Committee on Foreign Investment in the US (CFIUS) has been reviewing the deal, and a decision will be referred back to Biden by December 22 or 23. Both companies are likely to pursue litigation if the sale is blocked, further complicating the matter.
Source: https://www.bloomberg.com/news/articles/2024-12-10/biden-set-to-finally-kill-nippon-steel-s-proposed-takeover-of-us-steel