The views expressed on this podcast are those of the participants, not of Rojers' News.

It's very clear that we're living in a world of rising protectionism.

It's clear that the landscape for regulatory intervention around the world is changing very quickly. The definitions of national security

are evolving. And whether it's not just the US, but also in Europe and other parts of the world,

all the MNA and antitrust lawyers I've been speaking to in the last few weeks have been saying

that you don't just have to think about national security

anymore, you also have to think about economic security in its broader context.

A near $15 billion cross-border steel merger has just eeked its way across the line after a long

drawn-out battle that involved unions and Donald Trump.

Earlier this month, the U.S. president signed off Nippon Steel's acquisition of United States

Steel. But the White House's unusual means of resolving its concerns sets a worrying precedent.

All of this is in this week's Views Room. You are very welcome

back to the Views Room. This is your weekly podcast that invites you into a lively discussion

with breaking views columnists about the naughtiest stories in corporate finance. And I'm your

host, Amy Donlan. So this week, I'm flying solo, no Jonathan this week.

It was a bit too tricky to coordinate four different continents. So while Jonathan has also

been fascinated by the story, I get the pleasure of interviewing my two guests, Unigalani, Asia

editor of Breaking Views, and Anthony Curry, who's an associate editor

of Breaking Views based in Melbourne, Australia. So, Una and Anthony, you are very welcome. Great

to be here. Love to see you. You too. So, Una, I think, can we just, if you haven't really

been paying attention to this deal, it's been rumbling along, as I said, for quite some time, but just for our listeners that are intrigued by cross-border deals, but maybe we want a little bit of background.

Could you just tell us, how did this deal emerge and why is it so contentious?

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