Nippon Steel Enlists Mike Pompeo to Navigate US Steel Acquisition

The $14.9 billion deal faces bipartisan political resistance and union concerns over job security.

Pompeo, former US Secretary of State, will advise Nippon Steel in its acquisition efforts.
The deal has received international regulatory approvals but faces scrutiny in the US.
Both President Biden and nominee Trump have expressed opposition to the merger.
The United Steelworkers union fears job losses, adding to the political challenges.
Nippon Steel positions the acquisition as a strategic move against Chinese market dominance.