The United Steelworkers said May 28 that it remains uncertain what the recently announced “planned partnership” between Japan-based Nippon Steel and U.S. Steel will entail.
President Donald Trump said May 23 that Japan-based Nippon Steel and U.S. Steel will enter a “planned partnership” that will invest in the 124-year-old American company while preserving its identity.
Cooley this month published data about its experience advising on non-notified deals before the Committee on Foreign Investment in the U.S. between 2020 and 2024, outlining which investor nationalities, industry sectors and transaction sizes most often received CFIUS scrutiny.
The United Steelworkers urged President Donald Trump May 22 to reject Japan-based Nippon Steel Corp.'s proposed acquisition of U.S. Steel, saying the deal could harm domestic steel manufacturing.
The full European Parliament last week voted to expand the bloc’s foreign direct investment screening rules, which would add more sectors to the scope of restrictions and allow the European Commission to intervene in member state disagreements.
President Donald Trump told NBC’s “Meet the Press” May 4 that he “would be willing” to provide China’s ByteDance more time to divest TikTok if it can’t find a buyer by the June 19 deadline. Trump already has given ByteDance two 75-day extensions to comply with a 2024 law that requires the company to sell TikTok or face a U.S. ban on the popular social media application (see 2504040062).
The Committee on Foreign Investment in the U.S. has cleared a planned merger between North Carolina-based Piedmont Lithium Inc. and Canada-based Sayona Mining Ltd., Piedmont announced April 23. The combination also has received approval under the Investment Canada Act, as well as the U.S. antitrust law, the Hart-Scott-Rodino Act, Piedmont said. Upon completion of the transaction, which still requires shareholder approval, the merged business will be named Elevra Lithium Ltd.
The Trump administration is extending for the second time the deadline China’s ByteDance faces to comply with a 2024 law that requires the company to divest TikTok or face a U.S. ban on the social media application, President Donald Trump announced April 4.
President Donald Trump’s recently issued “America-first investment policy” memo suggests that the administration may focus potential trade negotiations with China around purchases of U.S. exports and tariff issues rather than national security issues, said Martin Chorzempa, a senior fellow with the Peterson Institute for International Economics.
Gov. Sarah Huckabee Sanders, R-Ark., introduced legislation Feb. 26 that would bar “foreign adversaries,” including China, from buying land near critical infrastructure, such as military bases and electric substations. The state legislation would "expand prohibitions" on Chinese government-linked companies’ property ownership by "preventing those companies from leasing property, owning property near critical infrastructure, and shortening the amount of time a banned company has to divest," a press release said.