24/7 Wall St. Key Points: The U.S. government turned down Nippon Steel's plan to buy U.S. Steel Corp. (NYSE: X), which let down workers and investors standing to gain from the $55 per share proposal. Lacking competitive positioning in both home and international markets, U.S. Steel is experiencing long-term decline and has no obvious road to rebirth. Emphasizing the lost chance for stability and investment in U.S. Steel's activities, Nippon Steel had promised to keep jobs American-based. Forget U.S. Steel, the smart money is already lining up to buy The Next Nvidia stocks. You can click here to see more. Watch the Video “The Next NVIDIA” Could Change Your Life If you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over. The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.” Click here to download your FREE copy. Transcript: [00:00:04] Douglas McIntyre: So basically, the administration, current administration killed the, Nippon Steel purchase U. S. Steel. Now, U. S. Steel is not a strong company, okay? [00:00:17] Lee Jackson: Hardly. They're horrible. [00:00:19] Douglas McIntyre: if you look at those shares, if you look at, if you look at that company, that is a company that is going to slowly but surely shrink, and eventually, eventually, I'm not saying it's going to go out of business, but it's, there's no question. [00:00:34] Douglas McIntyre: It does not have a future. [00:00:36] Lee Jackson: No, you're 100 percent right, and they're not even close to being a leading steel producer in the world, in the United States. And, Yeah, I, you know, the Nippon offer was huge. It was 55 a share, you know, so I mean, there's a lot of, people that work there and, and, and people with shares that are very disappointed in this. [00:01:01] Lee Jackson: And, and from what I read, they also promised that all the jobs were going to stay. They're not moving anything out of Pittsburgh or any place like that. And all the jobs were going to stay. And I don't know, I, I think Trump may have to mold this over because I don't think without a big infusion and the kind of money that Nippon has, they'll probably just muddle along for years and hopefully, you know, not have to close. “The Next NVIDIA” Could Change Your Life If you missed out on NVIDIA’s historic run, your chance to see life-changing profits from AI isn’t over. The 24/7 Wall Street Analyst who first called NVIDIA’s AI-fueled rise in 2009 just published a brand-new research report named “The Next NVIDIA.” Click here to download your FREE copy.

Last week, Nippon Steel and U.S. Steel filed two lawsuits after U.S. President Joe Biden blocked a $14.9 billion buyout of the American steelmaker by the Japanese firm. President-elect Donald Trump takes office on Monday.

Speaker 1: From the Opinion pages of the Wall Street Journal, this is Potomac Watch. Kyle Peterson: President Biden with weeks left in his term, blocks a Japanese acquisition of U.S. Steel while ...

WASHINGTON (Reuters) - Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for U.S. Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly ...

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argued President Biden is selling out to Big Labor by blocking the sale of U.S. Steel to Japanese-owned ... wrote in an op-ed published in The Wall Street Journal Thursday.

Investing.com-- Nippon Steel Corp (TYO: 5401) wants to work with the incoming Trump administration to win a takeover of U.S. Steel (NYSE: X ), the latter’s Vice Chairman Takahiro Mori wrote in an opinion piece in the Wall Street Journal.

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its vice chairman Takahiro Mori said an opinion piece in the Wall Street Journal. Last week, Nippon Steel and U.S. Steel filed two lawsuits after U.S. President Joe Biden blocked a $14.9 billion ...

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Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for U.S. Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the deal's prospects to investors.