Pennsylvania Gov. Josh Shapiro said Tuesday that he can't support Nippon Steel's pending acquisition of U.S. Steel because of opposition from the United Steelworkers union. The Democrat governor, who is among the leading contenders to be chosen as Vice President Harris' running mate on the party's presidential ticket, said he is assessing the proposed merger through its potential impact on workers. "Speaking from a state perspective as governor, if the U.S.
Shapiro's opposition to the proposed $14.9 billion deal aligns him with President Biden, who announced this month that he would withdraw from the presidential race and cleared the way for Vice President Harris to replace him as the Democratic Party's nominee. Biden expressed his opposition to the deal in March. On the other side of the aisle, former President Trump and his running mate, Sen.
Nippon Steel told FOX Business in a statement that the company has "deep respect for U.S. Steel's Pennsylvania roots, and our merger will not only protect but grow its presence in the commonwealth. Our long-term success depends on keeping existing jobs, creating new jobs, and making major investments – a blueprint we have successfully executed over the 13 years we have owned and operated Standard Steel in Burnham, Pennsylvania.
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