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The Latest Breaking News from CFIUS

Pennsylvania steel workers, wooed by Harris and Trump, remain skeptical

The future of US Steel hangs in the balance amid a proposed sale to Japan’s Nippon, which both candidates have vowed to block

The Guardian - US

US Steel CEO Says Sale To Nippon Must For Company To Succeed, Save Jobs

Dismissing national security concerns, David Burritt said once the deal is finalized, the Japanese company will have to abide by U.S. trade laws. He added that the board will predominantly consist of U.S. citizens overseeing operations.

Latin Times

US Steel CEO Says Sale To Nippon Must Happen For Company To Succeed, Save Jobs

International Business Times

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Decision on US Steel takeover by Nippon delayed until after election

The Biden administration granted the request of Nippon Steel for an extended review on the planned takeover of U.S. Steel.

International Business Times

Businesses Warn Yellen On 'Political Pressure' Over US Steel Sale

Major Japanese and American business groups have urged US Treasury Secretary Janet Yellen not to succumb to political pressure when reviewing Nippon Steel's proposed acquisition of United States Steel.

International Business Times

Biden Expected To Block Nippon Steel Deal; US Steel Shares Plunge

Amid the ongoing issue, U.S. Steel CEO David Burritt warned that if the acquisition isn't pushed through, thousands of U.S. union jobs could be at risk.

International Business Times

T-Mobile fined $60 million over unauthorized data access

Data breaches following T-Mobile’s acquisition of Sprint have resulted in an eye-watering and record-breaking fine.

TechRadar

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U.S. Expands Review Of Land Sales Near Military Sites

U.S. government expands CFIUS oversight to include land sales near military sites for national security, with recent focus on Chinese investments.

Top News

U.S. to expand control of land sales to foreigners near 56 additional military sites

New Treasury rulemaking would expand the U.S. Committee on Foreign Investment in the United States’ jurisdiction to review land sales near 56 additional military sites, bringing the overall number to 227

The Independent UK

Tiktok Accuses Biden Administration Of Political Demagoguery

TikTok accuses Biden administration of political tactics in negotiations over U.S. presence, highlighting national security complexities in the tech industry.

Top News

TikTok accuses federal agency of 'political demagoguery' in legal challenge against potential US ban

TikTok on Thursday disclosed a letter the company sent to the government in April accusing the federal agency that once held the platform’s future in its hands of “political demagoguery.”

The Independent UK

Biden Blocks China-Backed Crypto Mining Firm From Owning Land Near Air Force Base

The U.S. leader Monday ordered MineOne, a crypto mining firm majority-owned by China, to remove its equipment and dismantle improvements in a property located near an American Air Base home to ballistic missiles.

International Business Times

CFIUS National Security Review Of Tiktok Acquisition Underway

Ongoing U.S. government scrutiny of TikTok involves national security reviews, potential bans, and complex legal processes.

Top News

Biden opposes Japanese takeover of US Steel, touts ‘American steelworkers’

US president’s remarks come as he is seeking to shore up support in key swing state of Pennsylvania.

Al Jazeera

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International Business Times

Biden Opposes Nippon Steel Takeover Of US Steel: Statement

President Joe Biden said on Thursday he opposed the proposed sale of US Steel to Japan's Nippon Steel, in a move that could annoy Washington's close Asia-Pacific ally Tokyo.

The Guardian - AU

Biden campaign decision to join TikTok raises national security concerns

Biden’s presidential election campaign says it will continue meeting voters where they are, including on social media

Top News

US Lawmakers Accuse VC Firms of Funding Chinese Military-Linked Companies

US lawmakers are alleging that certain venture capital firms have been providing funding to Chinese companies with links to the military, escalating concer...

International Business Times

White House Urges 'Serious Scrutiny' Of US Steel Takeover Deal

A proposed deal that would see US Steel Corp bought by Japan's Nippon Steel should be closely investigated by American authorities, the White House said Thursday, warning it could have national security implications.

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International Business Times

US Steel, Nippon Steel Seek US Security Review Of Takeover Deal

US Steel Corp and its potential buyer Nippon Steel of Japan are requesting a federal review of their proposed deal following congressional criticism that the transaction threatens US national security, US Steel said Thursday.

Latin Times

U.S., Mexico to Strengthen Foreign Investment Screening Cooperation

This month, U.S. also proposed new rules surrounding its electric vehicle subsidies, limiting material that producers can source from Chinese firms and others

International Business Times

US, Mexico To Boost Cooperation In Foreign Investment Screening

The United States and Mexico plan to form a working group on foreign investment screening, aimed at guarding against national security threats, US Treasury Secretary Janet Yellen said Thursday.

The Independent UK

Yellen details tighter scrutiny of investment plans of foreign-owned companies operating in the US

The Biden administration plans to increase scrutiny of the investment plans of foreign-owned companies operating in the United States

Reason

U.S. Emulates Communist China in New TikTok Draft Agreement

Plus: Americans vote too much, Indiana abortion ban to take effect, and more...

Reason

When Trade War Threatens Real War

Biden is blurring the lines between economic policy and military action.

TV Tech

FCC Enforcement Bureau Adds Senior Staff

The Enforcement Bureau had announced a number of senior staff appointments

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