U.S. Steel Shareholders Approve $14.9B Acquisition by Nippon Steel Over Political Opposition

• U.S. Steel shareholders approved $14.9B acquisition by Nippon Steel despite political opposition • Lawmakers raised concerns about national security, industrial capacity, and livelihoods of steel workers • Republican senators called for deal to be blocked by Committee on Foreign Investment
• President Biden criticized deal, said important for U.S. Steel to remain American company • Vote came day after Japanese PM Kishida visited U.S., addressed Congress with Biden