Yellen says CFIUS made "thorough analysis" of blocked US Steel-Nippon Steel merger

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US Treasury Secretary Janet Yellen discusses China cyber hack, COVID’s inflation role, and US Steel merger controversy

Janet Yellen addresses a Chinese cyber attack on US Treasury systems, acknowledging its impact on US-China relations. She also admits COVID-related stimulus spending may have contributed to inflation and defends the blocked US Steel-Nippon Steel merger, citing a thorough review process.

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Yellen says CFIUS made "thorough analysis" of blocked US Steel-Nippon Steel merger

WASHINGTON : U.S. Treasury Secretary Janet Yellen said on Wednesday that Nippon Steel's blocked acquisition of U.S. Steel received a "thorough analysis" by an interagency national security review body that was sent to President Joe Biden.Yellen, in a live interview on CNBC, said she could not discuss spec

熊本日日新聞社

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[Washington Joint] US Treasury Secretary Yellen responded to an interview on US CNBC TV on the 8th and said about the acquisition plan of US steel giant US Steel by Nippon Steel “similar to a normal project, we examined the details of the situation, carried out a thorough analysis, and then reported it to the president.” Mr Yellen

globalcompetitionreview.com

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Nippon Steel and US Steel face tall task in overturning merger block

Nippon Steel and US Steel face an uphill battle to reverse President Joe Biden’s block of their merger given the broad deference courts afford the executive branch on national security issues and a statute generally barring judicial reviews of such decisions.