President Donald Trump announced that Nippon Steel is planning to invest in U.S. Steel instead of acquiring it, as previously planned. The announcement came amidst controversy surrounding the proposed merger, which both Trump and his predecessor, Joe Biden, had vowed to block.
President Donald Trump on Friday suggested that Nippon Steel would no longer buy U.S. Steel as planned, but the Japan ese company would instead invest in the symbolically important America n business. The U.S. president mistakenly referred to Nippon Steel as “Nissan,” the Japan ese automaker. But it’s Nippon Steel ’s bid that generated controversy as both Trump and his predecessor in the White House, Joe Biden , vowed to block the merger.
Nippon Steel “is going to be doing something very exciting about U.S. Steel,” Trump said at a news conference with Japanese Prime Minister Shigeru Ishiba. “They’ll be looking at an investment rather than a purchase.” It was unclear what the details of the investment would be, but Trump said he would meet with the head of Nippon Steel next week and he would be involved “to mediate and arbitrate.” Nippon Steel in December 2023 made what was a nearly $15 billion bid to buy U.S. Steel, creating a sudden political issue in the 2024 presidential election as the Pittsburgh-headquartered steelmaker was key to the identity of the political swing state of Pennsylvania. Biden agreed with the United Steelworkers, the labor union, in seeking to block the merger, while Trump as a candidate said outright he opposed the purchase.The Pentagon will deploy roughly 1,500 more active duty soldiers to the southern border to support President Donald Trump’s expanding crackdown on immigration, a U.S. official said Friday. That would eventually bring the total to about 3,600 active duty troops at the border. The order has been approved, the official said, to bolster border security amidst a surge in migrant crossings. Vice President JD Vance said Friday that Elon Musk’s Department of Government Efficiency should rehire a staff member who resigned after he was linked to social media posts that espoused racism, with President Donald Trump later endorsing his vice president’s view. Marko Elez resigned Thursday after The Wall Street Journal linked the former employee to the offensive content. The federal government no longer backs transgender minors and their families in Tennessee who are challenging a state ban on gender-affirming care, the Trump administration told the Supreme Court Friday. The court’s conservatives, at arguments in December, had already seemed likely to uphold the state ban on puberty blockers and hormone treatments. More than 60 individuals have told investigators they were raped by one of two luxury real estate brokers or their brother, a prosecutor said Friday as the men made their first appearance in a New York federal courtroom. The Miami men, who are in jail with no bail, pleaded not guilty. A Kentucky lawmaker is hoping his quest to limit the pardon powers of governors in his state has received a jolt of momentum from public attention over the flurry of pardons and commuted sentences granted by former President Joe Biden before leaving office. “Even though this obviously won’t affect anything federally, it brings up the question of why these powers are so wide,” said state Rep. David Meade, a Republican from Lexington
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