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...All three senators are from states where the United Steelworkers union has a large presence....
...Speaking before the unions filed the petition, USW president David McCall told the FT: “The United States was once a leader in the commercial shipbuilding industry, but over the past two decades, the Chinese...
...Trevor Taylor, director of the defence, industries & society programme at the Royal United Services Institute, said the research identified by the FT was not on topics “publicly noted by western states as...
...“Allowing one of our nation’s largest steel manufacturers to be purchased by a foreign-owned corporation leaves us vulnerable when it comes to meeting both our defence and critical infrastructure needs,”...
...Of the USW’s 1.2mn members, only about 11,000 work for US Steel. Their fear is that Nippon will close the ageing blast furnaces where most of them work....
...Investors cheered, with shares in US Steel rising 26.1 per cent the day it was announced. But the merger is opposed by the United Steelworkers labour union....
...Yellen chairs the Committee on Foreign Investment in the United States (Cfius), an inter-governmental agency that vets deals for whether they may harm national security....
...On Wednesday he vowed to keep US Steel in American ownership, and called for higher tariffs on Chinese steel and aluminium imports in a bid to shore up support with unions....
...On Thursday, March 28, a group of powerful Delaware lawyers put in motion a plan to make a series of changes to the state’s eminent corporate code, known as the Delaware General Corporation Law....
...The White House said Biden told his team to work with Mexico to ensure China could not evade US tariffs by exporting steel to the US via Mexico....
...The deal drew a furious response from the United Steelworkers union, which said that neither US Steel nor Nippon Steel had consulted it....
...“[Cfius] can and should block the acquisition of US Steel by NSC, a company whose allegiances clearly lie with a foreign state and whose record in the United States is deeply flawed,” wrote JD Vance of Ohio...
...That’s not the way the system ought to work. Congress has considered many fixes over the years....
...Biden, is not keen on the takeover of US steel by Nippon Steel, Japanese company....
...Brian Reissaus, former head of the Committee on Foreign Investment in the United States, has joined Freshfields as a senior adviser on national security. Smart reads Crime . . ....
...Indeed, if they appear to dither, it will hurt Biden in Pennsylvania, home of the United Steelworkers and a key swing state....
...“No corporation should be its own government,” the statement said, adding the administration was “ready to work with Disney . . . to help promote economic growth, family-friendly tourism, and accountable...
...In 2020 he told the Financial Times that litigation was inevitable in the real estate business, saying: “If you’re not being sued by people, you’re not doing enough work.”...
...In an unusual twist, Dave McCall, president of the United Steelworkers union, which opposes the deal, will attend the state dinner....
...Then came the tycoons — Rockefeller, Carnegie and the rest — who built huge empires in industries such as steel and oil with the help of well-trained engineers and managers....
...Semerad wore a shirt and tie and carried a backpack full of work. “As a Wyoming attorney, you get used to driving,” he told me....
...You won’t see gun-toting thugs beating up workers here, but you will witness the grind of union work and police who readily lock up protesters....
...“Germany is certainly going green, but the question is how fast,” the report states....
...The United Steelworkers, which represents 850,000 US manufacturing workers, welcomed the decision....
...All her work, she explains, is a process of “creating stories”....
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