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Republicans block Nippon Steel's acquisition of U.S. Steel by June 30, 2025?
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Resolution / Starting Odds
Yes • 50%
No • 50%
Official legislative actions or announcements from the U.S. Congress
Story
Japan PM Urges Biden to Approve $X Nippon Steel Deal Amid Republican Concerns
Nov 26, 2024, 10:47 AM
Japanese Prime Minister Ishiba has formally requested U.S. President Joe Biden to approve Nippon Steel's proposed acquisition of U.S. Steel ($X). In a letter sent on November 20, Ishiba emphasized that the deal would enhance the competitiveness of steel companies in both nations by combining advanced technologies. He also warned that failure to approve the deal could undermine Biden's achievements in strengthening the U.S.-Japan alliance. Meanwhile, Republican lawmakers in the U.S. have expressed concerns about potential political interference in the national security review of the transaction and called on the Biden administration to preserve related documents.
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Legal Challenge • 25%
Negotiation for Terms • 25%
Abandonment of Deal • 25%
Other • 25%
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No • 50%
Tax incentives • 25%
Tariffs • 25%
Regulatory action • 25%
No action taken • 25%
Yes • 50%
No • 50%