Book your ticket to happiness with Sun Express Airlines. This is CVS.I on the world. I'm John Bachelor. 14.1 billion dollars offered by Nippon Steel for US Steel. A good deal. I welcome Verenique de Rizi of the Mercata Center writing about this most recently

a crater syndicate because it looks like a good deal to me. However,

Vernica, a very good evening to.

U.S. Steel is part of America's heritage.

Nippon Steel is a product of the success

that the U.S. and the Japanese had rebuilding that economy

after the destruction of the Second War. Japan has a very strong relationship

with with the United States a mutual defense back. The Navy

deploys out of Japan and all along the Okinawa Island chain are episodes that we can anticipate will be critical when and if there's

a battle over Taiwan.

All of this says these two countries share a future together and yet I learn from you

that the Biden administration objects to 14.1 billion dollars U.S. Steel.

Why?

Good evening to you.

Well, I think why it's hard to tell why. The alleged reason is that it would endanger our national security

if this company which will likely face financial trouble if it doesn't, if it is not bought or could face financial trouble and hence, like have to reorganize and to restructure is a national security issue.

And it's, as you said, I mean, we have very strong ties with Japan, so it's hard to see how this Japanese company buying at a very high

price with that with a big premium an American steel company to operate in the US would be a problem.

And US Steel wants to sell.

The owners of US Steel, the stockholders, everybody says yes.

Yeah, everyone says yes. Yeah everyone says yes and the only people who

were just not are against the deal and I think in the end it's at the heart of the issue is the unions. The unions don't want a

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