Japan's Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker,

Nippon Steel Corp. offered to give the US government a veto over any reduction in US Steel Corp.’s production capacity in a last-ditch effort to get President Joe Biden’s approval for its takeover of the American steelmaker,

Japan's Nippon Steel is aiming to gain U.S. approval for its bid to acquire U.S. Steel by proposing veto power for the U.S. government over production capacity cuts. President Biden must approve the deal by January 7 or it will be automatically permitted.

One thing that should be simple is reversing President Joe Biden’s absurd policy on the proposed acquisition of U.S. Steel by Nippon Steel and allowing that marriage of companies to proceed.

US Steel (X) shares are rising by as high as 11% after the Japanese-owned Nippon Steel (NPSCY, 5401.T) submitted a new buyout proposal to the Biden administration, according to the Washington Post. After the Committee on Foreign Investment in the US (CFIUS) failed to reach a consensus on the deal,

Japan's Nippon Steel has proposed giving the U.S. government veto power over any potential cuts to U.S. Steel's production capacity, as part of its efforts to secure President Joe Biden's approval for acquiring the American steelmaker,

President Biden has just over a week to decide how he wants to move forward on Nippon Steel's proposed acquisition of U.S. Steel. CBS News White House reporter Willie James Inman has more on that and some of the other big news coming out of the Biden administration.

Mayors, including Gary Mayor Eddie Melton, wrote a letter to President Joe Biden that urged his administration not to block Nippon Steel's proposed $14.9 billion acquisition of U.S. Steel.