Mr. Biden stated that US Steel should maintain domestic ownership, which is a major blow to Nippon Steel.

2.Concerns about unemployment

3.United States Steel's stock price fell again on Thursday, dropping 18% over two days to $38.26 due to concerns that Mr. Biden may express opposition.

1.President Joe Biden stated on Thursday that the $14.9 billion acquisition must remain in the hands of domestically owned U.S. companies, marking the first clear opposition to the deal.

The President stated, in a statement, that "US Steel has been a symbol of the United States' iron & steel industry for over a century, and it is extremely important that it remains an domestically owned and operated U.S. iron & steel company."

However, it is currently unclear whether Mr. Biden will use U.S. regulatory agencies to break the agreement. The Committee on Foreign Investment in the United States (CFIUS), a powerful committee that reviews foreign investment in U.S. companies, has the authority to recommend the agreement's prevention for national security reasons.Japan Steel stated in a statement on Thursday that this acquisition would bring "clear benefits to United States Steel, union members, the broader U.S. iron & steel industry, and U.S. national security."

In a statement on Thursday, Japan Steel stated that this acquisition would bring "clear benefits to United States Steel, union members, the broad American iron & steel industry, and the national security of the United States."While we trust the rule of law, objectivity, and due process of the US government, we are proceeding with regulatory reviews, including CFIUS. We are determined to see this through and complete the transaction.stated.

2.In order to alleviate concerns about potential job losses, Japanese companies have also stated that they will not engage in workforce reductions or factory closures until September 2026 under certain conditions.

3.The stock price of United States Steel fell again on Thursday, dropping 18% in two days to $38.26 amid concerns that President Biden might express opposition. This is significantly below the proposed transaction price of $55 per share. No comment has been received from the company.

3.In addition, Cleveland-Cliffs (CLF.N) CEO Lorenzo Goncalves said on Thursday that if the agreement with Nippon Steel falls through,It was mentioned that there is a possibility that the potential price for considering a re-bid for US Steel could be less than $30 per share.