A powerful U.S. national security panel on Wednesday submitted a recommendation to President Donald Trump on Nippon Steel's fraught $14.9 billion bid for U.S. Steel , a person familiar with the matter said,

Discussions with the U.S. government about Nippon Steel's planned purchase of U.S. Steel are in their "final stage," Nippon Steel President Tadashi Imai said at a press conference on Friday. "We are awaiting the final decision of President Trump,