The proposed $14.9 billion acquisition of U.S. Steel by Japan’s Nippon Steel Corp. has reached a critical juncture, as both the Japanese firm and the Trump administration jointly petitioned a U.S. appeals court to extend an ongoing judicial pause. This move comes as the parties seek more time to finalize a deal subject to national security scrutiny. The acquisition, first announced in late 2023, has since become a flashpoint for broader debates on foreign ownership of U.S. strategic assets.
Cerebras Systems Inc., known for its innovative chip technology for artificial intelligence, has made an important announcement regarding its resolution of all outstanding issues with the Committee on Foreign Investment in the United States (CFIUS). This significant step clears the path for the startup's long-awaited initial public offering (IPO), positively impacting its reputation and investment prospects.