Trump clears U.S. Steel sale to Nippon Steel, but details of merger still unclear
CBSN
President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear.
The president signed an executive order that says Nippon can buy the iconic Pittsburgh-based steelmaker as long as both parties sign a "national security agreement."
The two companies announced in a joint statement Friday that they agreed to the terms of the government's national security agreement, which they said mandates $11 billion in new investments by 2028 and provides for "a Golden Share to be issued to the U.S. Government."
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Washington — The Senate on Friday again failed to move forward with legislation to fund the Department of Homeland Security, extending the shutdown that has snarled air travel around the country. Alan He and Caitlin Huey-Burns contributed to this report.
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The Justice Department on Friday moved to dismiss its criminal case against two former Louisville police officers who were facing civil rights charges in connection with the shooting death of Breonna Taylor.
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