President Trump voiced opposition to Nippon Steel's $14 billion bid for US Steel, according to the New York Post. President Biden blocked the deal in January on national security grounds, leading to a lawsuit. Trump’s administration filed for a deadline extension in the ongoing litigation, with a pause requested for further review. Both companies argued Biden’s decision was influenced by political motivations. Trump directed a national security panel on Monday to reassess the merger, fueling hopes for approval. Shares of US Steel dropped 13% after Trump’s comment.
