Nippon Steel spends whopping $1.3 million on lobbying amid merger threat ...Middle East

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Nippon Steel spends whopping $1.3 million on lobbying amid merger threat
The Japanese steelmaker Nippon Steel paid its primary lobbying firm $1.3 million during a dangerous period for its proposed acquisition of U.S. Steel over the summer. From July through September, Nippon Steel spent more on federal lobbying than the combined $1.1 million it spent during the previous seven months, a sign of how seriously the company is taking threats from Washington to derail the proposed acquisition. Lawmakers on both sides of the political spectrum came out strongly against the “fundamentally troubling” sale of U.S. Steel when Nippon Steel announced the $15 billion acquisition last December. Nippon Steel hired Akin Gump Strauss Hauer & Feld within days of the ann

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