US Steel CEO rips Biden’s ‘shameful’ move blocking sale
- President Joe Biden blocked the $14.9 billion acquisition of U.S. Steel by Japan's Nippon Steel, disappointing local mayors and officials.
- Mayors Chris Kelly and Cletus Lee criticized the decision, arguing it would not create security risks and would generate jobs.
- The Committee on Foreign Investment in the United States expressed concerns that Nippon Steel could reduce U.S. Steel's production capacity, impacting national security.
- U.S. Steel President David B. Burritt stated that stockholder support shows a strong rationale for the transaction with Nippon Steel.
Insights by Ground AI
Does this summary seem wrong?
Coverage Details
Total News Sources0
Leaning Left5Leaning Right18Center10Last UpdatedBias Distribution55% Right
Bias Distribution
- 55% of the sources lean Right
15%
C 30%
R 55%
![Russia Today [🇷🇺-affiliated]](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Fd3a6b2444d4740f3e75a430e54a0cb4d24ee6cc6.jpg%3Fwidth%3D60&w=128&q=75)
![Sputnik Globe [🇷🇺-affiliated]](/_next/image?url=https%3A%2F%2Fgroundnews.b-cdn.net%2Finterests%2Fe68d7b37f05a67679cc6152365afdd6e33dafdc1.jpg%3Fwidth%3D60&w=128&q=75)
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
