Nippon Steel & US Steel Seek $14B Merger Revival Amid Trump Blockade 🤝

According to Semafor, Nippon Steel and US Steel are negotiating with the Trump administration to salvage their $14 billion merger. The talks include a proposal for Nippon to invest billions more into aging Rust Belt facilities. In recent talks with White House officials, Nippon has proposed raising its investment in US Steel factory upgrades to as much as $7 billion. Trump initially opposed the sale but later expressed openness to a strategic investment by Nippon.