U.S. Steel deal security review to proceed normally, White House says

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The White House has stated that the national-security review of the deal for Japan's Nippon Steel to acquire U.S. Steel will proceed as normal. President Joe Biden has expressed opposition to the sale, but it remains unclear if he will take any additional steps to block the deal. The White House economic adviser emphasized the importance of the steel industry to national security and supply chain resilience. U.S. Steel and Nippon Steel have both stated that U.S. Steel will remain an American company even after the acquisition. U.S. Steel shares closed down 0.5% at $38.94, while Nippon Steel shares closed up 0.9% to 3,463 yen in Tokyo.

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https://finance.yahoo.com/news/white-house-says-u-steel-163031782.html