Meta Reportedly Developing ‘Arena’ Prediction Market App to Rival Polymarket and Kalshi 
Baseten Secures $1.5 Billion Funding at $13 Billion Valuation Amid AI Infrastructure Boom 
Trump Revises U.S. Tariffs on Copper, Aluminum, and Steel Imports Through 2027 
Japan, U.S. Discuss Yen Weakness as Currency Intervention Concerns Grow 
NTSB Investigates Boston Logan Airport Near-Miss Between Delta and American Airlines Jets 
Tencent Reviews Marvelous Stake as Gaming Giant Reassesses Global Investment Strategy 
UNAIDS Urges U.S. to Reconsider South Africa HIV Funding Withdrawal 
US Military Strike on Suspected Drug Trafficking Vessel Leaves Two Dead in Caribbean 
DOJ Opens Investigation Into NYC Coffee Shop Over Anti-Goldman Social Media Post 
US Waives Iran Sanctions for 60 Days as Peace Talks Advance and Lebanon Sees Calm 
Russian Air Strikes Injure Six Across Ukraine as Kyiv Issues Air Raid Alert 
SEC Tokenized Stock Approval Still Expected as Regulatory Framework Advances 
US-Iran De-Escalation Shifts Washington’s Focus to AI Regulation and Crypto Legislation 
US Delivers $13M Autonomous Maritime Drones to Philippines 
RFK Jr. Orders Extended Hantavirus Quarantine for Cruise Passenger 
Trump Highlights Manufacturing Agenda in Pennsylvania as Midterm Elections Approach 
President Donald Trump is reviewing a divided recommendation from the Committee on Foreign Investment in the United States (CFIUS) regarding Nippon Steel’s $14 billion bid for U.S. Steel. While the panel was not unanimous, a majority of CFIUS members believe any national security risks can be mitigated, according to a White House official who spoke anonymously.
The CFIUS recommendation comes in response to an executive order signed by Trump in April, directing the committee to assess whether the Japanese steelmaker’s proposed merger posed national security threats and whether the companies' proposed mitigation measures were sufficient.
Nippon Steel recently boosted its proposed investment to $14 billion, including a $4 billion plan for a new steel mill, in a final effort to secure U.S. approval. The White House confirmed that Trump will review the findings of each agency involved and has up to 15 days to make a decision, although delays are possible.
The review follows a January decision by former President Joe Biden to block the deal on national security grounds. Nippon Steel and U.S. Steel have since filed suit, arguing they were denied a fair review. The Biden administration rejected the claim.
The latest CFIUS report includes statements from each participating agency, detailing their stance on the deal. Trump’s decision will determine whether Nippon Steel can proceed with the acquisition or if national security concerns will once again halt the transaction.
The merger has drawn significant attention given its geopolitical implications and potential to reshape the U.S. steel industry amid rising protectionist policies and growing concerns over foreign ownership of critical infrastructure.
