Japanese Prime Minister Shigeru Ishiba voiced strong concerns to President Biden over the blocking of Nippon Steel's $14.9 billion acquisition of US Steel, citing national security issues. Both companies have begun legal action against the Biden administration.

The deal was perceived as advantageous for US Steel, though it raised fears of potential job losses. Japan's Foreign Minister stressed the significance of preserving robust Japan-US relations while addressing the worries of the business community.

The Digest, 1/12/2025 @1100PM, CDT

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