"Biden Expresses Concern Over Nippon Steel's Acquisition of US Steel"

President Biden is expected to express concern over Nippon Steel's proposed acquisition of U.S. Steel ahead of Japanese Prime Minister Kishida's visit, citing political support in Pennsylvania and opposition from the United Steelworkers union. The move follows a plunge in U.S. Steel's shares and objections from lawmakers. The proposed deal, currently under CFIUS review, has raised national security implications and sparked tension within Biden's international economic policy, given the historical significance of U.S. Steel and the protected nature of the steel industry in the U.S.