Nippon Steel execs to meet in Washington to try to save US Steel deal, FT says

Nippon Steel (NPSCY) Vice Chair Takahiro Mori will meet several deputy cabinet secretaries involved with the Committee on Foreign Investment in the U.S. on Wednesday in an effort to save the proposed $15B acquisition of US Steel (X) which is opposed by President Joe Biden and Vice President Kamala Harris, The Financial Times’ Demetri Sevastopulo, Leo Lewis, and David Keohane report, citing people familiar with the situation. The Financial Times last week reported Cfius had concluded the deal posed security risks that could not be mitigated by the Japanese company.