Black Chamber of Commerce's 13th Annual Ascension Awards: Winners announced
The Black Chamber of Commerce of Palm Beach County hosted its 13th Annual Ascension Awards program Saturday at the Palm Beach County Convention Center, singling out leaders and businesses who have "ascended to greatness" in their respective fields.
The Ascension Awards honors Black and minority-owned businesses and professionals of distinction. This year's award categories include:
• Distinguished Black Business of the Year (more than five years in business).
• Emerging Black Business of the Year (five years or less in business).
• Nonprofit/Public Sector of the Year.
• Young Professional of the Year (under 40 years of age).
• Dicky Sykes Social Justice Advocate Award.
Nominations were submitted by members last fall. Finalists were selected by a panel for their operational excellence, leadership, and contributions to their communities. Recipients were revealed live during the program.
Here are the recipients of the 2025 Ascension Awards:
Winner: M.D. Home Health LLC; Mario Dickerson, CEO: For keeping loved ones in good health with personal and medical services.
Winner: We're No Different; Niesha Wood, Founder/CEO: For addressing the growing demands for high-quality home health care for all age groups.
Winner: Young Men of Distinction; Jacoby Waters, president: For providing life skills, mentoring and social skills to local youth.
Winner: Dr. Debra Robinson: For advocating for a high-quality education for students in Palm Beach County and for ensuring minority-owned businesses had opportunities to do business with the county School District.
Winner: Jasmine Govan, Florida Power & Light: Empowering underserved communities through STEM (science, technology, engineering and math) education.
Palm Beach County Commissioner Bobby Powell Jr. received this year's President's Award for his longstanding support and commitment to the Black Chamber's mission.
Founded in 2004, the Black Chamber of Commerce of Palm Beach County is committed to advancing the economic interests of its members through advocacy, education, information sharing, and resource brokering to maximize their success.
The Chamber focuses its resources on addressing the unique challenges faced by Black-owned and minority businesses, ensuring a level playing field and equitable opportunities for all.
This article originally appeared on Palm Beach Post: PB County Black Chamber of Commerce names Ascension Award winners
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Business Wire
3 hours ago
- Business Wire
Commerce Bancshares, Inc. and Finemark Holdings, Inc. Announce Definitive Merger Agreement
KANSAS CITY, Mo. & FORT MYERS, Fla.--(BUSINESS WIRE)--Commerce Bancshares, Inc. (NASDAQ:CBSH) ('Commerce') and FineMark Holdings, Inc. (OTCQX:FNBT) ('FineMark') today jointly announced they have entered into a definitive merger agreement pursuant to which Commerce will acquire FineMark in an all-stock transaction valued at approximately $585MM. FineMark is the parent company of FineMark National Bank & Trust, a nationally chartered commercial bank and trust company serving clients through 13 banking offices in Florida, Arizona and South Carolina. Founded in 2007, FineMark has a long history of building extraordinary client relationships through a holistic, integrated approach to asset management, banking, investments and planning - an approach that aligns closely with Commerce's own client-first philosophy. As of March 31, 2025, FineMark had assets of $4.0 billion, deposits of $3.1 billion and loans of $2.6 billion. FineMark's Trust and Investment business delivers a comprehensive suite of highly personalized services to approximately 2,000 clients with approximately $7.7 billion in assets under administration ('AUA'). John Kemper, President and Chief Executive Officer of Commerce, said, "We are excited to welcome FineMark, marking a strategic milestone that is the culmination of years of relationship building, mutual trust, and shared values. FineMark is a natural culture fit, with a history of strong asset quality, a shared client-centric approach to wealth management and banking, and a commitment to building strong communities. Together, with over $36 billion in assets and over $82 billion in wealth assets under administration, we are poised to accelerate growth, expand our reach, and deliver even greater value to clients, shareholders, and the communities we serve for many years to come. This acquisition is about more than scale—it's about shared purpose and the opportunity to achieve more together." John Handy, President and Chief Executive Officer of Commerce Trust, adds, "FineMark's higher-growth markets and exceptional team of professionals provide a platform for continued growth, building on our existing presence in Florida and expanding our footprint in attractive new geographies. We are thrilled to welcome FineMark's team, clients, and shareholders to Commerce." Joseph R. Catti, Chairman and Chief Executive Officer of FineMark, said, "When we started FineMark in February 2007, the mission was to build extraordinary relationships by going above and beyond. Central to this mission is our culture. We work every day to build and protect the primary attributes which include integrity, hard work, caring and service to others — both in the bank and in the communities we serve. After several years of getting to know the team at Commerce, we are delighted to have identified a partner that shares these same values and will enable us to continue to grow and further our mission. We believe it reflects well on FineMark that a bank of Commerce's caliber would see the value in what we have created. We are excited to announce a partnership that will benefit both institutions, our clients, and shareholders, while also positioning us to work together towards the next chapter of our combined organization's legacy." TRANSACTION TERMS Under the terms of the agreement, shareholders of FineMark will receive a fixed exchange ratio of 0.690 shares of Commerce common stock for each share of FineMark common stock. The per share value equates to $41.87 for FineMark shareholders based on the closing price of Commerce common stock on June 13, 2025, or approximately $585 million in the aggregate including the conversion of outstanding preferred stock. The definitive merger agreement has been approved by the board of directors of each company. The transaction remains subject to regulatory approval, approval of FineMark shareholders and other customary closing conditions. Pending these approvals, the transaction is anticipated to close on January 1, 2026. CONFERENCE CALL Commerce will host an investor call on Monday, June 16, at 10:00 a.m. (CT) / 11:00 a.m. (ET), to discuss the acquisition of FineMark. The live audio webcast link and corresponding presentation slides will be available on Commerce's Investor Relations web page at A replay of the conference call will be available at TRANSACTION ADVISORS Keefe, Bruyette & Woods, A Stifel Company, served as financial advisor and Holland & Knight LLP acted as legal advisor to Commerce. Piper Sandler & Co. served as financial advisor and Alston & Bird LLP acted as legal advisor to FineMark. ABOUT COMMERCE With $32.4 billion in assets 1, Commerce Bancshares, Inc. (NASDAQ: CBSH) is a regional bank holding company offering a full line of banking services through its subsidiaries, including payment solutions, investment management and securities brokerage. One of its subsidiaries, Commerce Bank, leverages 160 years of proven strength and experience to help individuals and businesses solve financial challenges. In addition to offering payment solutions across the U.S., Commerce Bank currently operates full-service banking facilities across the Midwest including the St. Louis and Kansas City metropolitan areas, Springfield, Central Missouri, Central Illinois, Wichita, Tulsa, Oklahoma City, and Denver. Beyond the Midwest, Commerce also maintains commercial offices in Dallas, Houston, Cincinnati, Nashville, Des Moines, Indianapolis, and Grand Rapids and wealth offices in Dallas, Houston and Naples. Commerce delivers high-touch service and sophisticated financial solutions at regional branches, commercial and wealth offices, ATMs, online, mobile and through a 24/7 customer service line. Learn more at ABOUT FINEMARK FineMark Holdings, Inc. is the parent company of FineMark National Bank & Trust. Founded in 2007, FineMark is a nationally chartered bank and trust company, headquartered in Florida. Through its offices located in Florida, Arizona and South Carolina, FineMark offers a full range of financial services, including personal and business banking, lending, trust and investment services. FineMark's common stock trades on the OTCQX under the symbol FNBT. Investor information is available on FineMark's website at This press release may contain forward-looking statements, including, but not limited to, certain plans, expectations, goals, projections, and statements about the benefits of the proposed business combination transaction between Commerce and FineMark (the 'Proposed Transaction'), the plans, objectives, expectations and intentions of Commerce and FineMark, the expected timing of completion of the Proposed Transaction, and other statements that are not historical facts. All statements other than statements of historical fact, including statements about beliefs and expectations, are forward-looking statements. Forward-looking statements may be identified by words such as 'may,' 'will,' 'should,' 'could,' 'would,' 'plan,' 'potential,' 'estimate,' 'project,' 'believe,' 'intend,' 'anticipate,' 'expect,' 'target' and similar expressions. Forward-looking statements, by their nature, are subject to risks and uncertainties. There are many factors that could cause actual results to differ materially from expected results described in the forward-looking statements. The forward-looking statements are intended to be subject to the safe harbor provided by Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. Factors relating to the Proposed Transaction that could cause or contribute to actual results differing materially from those contained or implied in forward-looking statements or historical performance include, in addition to those factors identified elsewhere in this press release the occurrence of any event, change or other circumstances that could give rise to the right of Commerce or FineMark to terminate the definitive merger agreement governing the terms and conditions of the Proposed Transaction; the outcome of any legal proceedings that may be instituted against Commerce or FineMark; the possibility that revenue or expense synergies or the other expected benefits of the Proposed Transaction may not fully materialize or may take longer to realize than expected, or may be more costly to achieve than anticipated, including as a result of the impact of, or problems arising from, the integration of the two companies, the strength of the economy and competitive factors in the areas where Commerce and FineMark do business, or other unexpected factors or events; the possibility that the Proposed Transaction may not be completed when expected or at all because required regulatory, shareholder or other approvals or other conditions to closing are not received or satisfied on a timely basis or at all (and the risk that such approvals may result in the imposition of conditions that could adversely affect Commerce or FineMark or the expected benefits of the Proposed Transaction); the risk that Commerce is unable to successfully and promptly implement its integration strategies; reputational risks and potential adverse reactions from or changes to the relationships with the companies' customers, employees or other business partners, including resulting from the announcement or the completion of the Proposed Transaction; the dilution caused by Commerce's issuance of common stock in connection with the Proposed Transaction; diversion of management's attention and time from ongoing business operations and other opportunities on matters relating to the Proposed Transaction; and other factors that may affect the future results of Commerce and FineMark, including continued pressures and uncertainties within the banking industry and Commerce's and FineMark's markets, including changes in interest rates and deposit amounts and composition, adverse developments in the level and direction of loan delinquencies, charge-offs, and estimates of the adequacy of the allowance for loan losses, increased competitive pressures, asset and credit quality deterioration, the impact of proposed or imposed tariffs by the U.S. government or retaliatory tariffs proposed or imposed by U.S. trading partners that could have an adverse impact on customers or any recession or slowdown in economic growth particularly in the markets in which Commerce or FineMark operate, and legislative, regulatory, and fiscal policy changes and related compliance costs. These factors are not necessarily all of the factors that could cause Commerce's or FineMark's actual results, performance, or achievements to differ materially from those expressed in or implied by any of the forward-looking statements. Other unknown or unpredictable factors also could harm Commerce's or FineMark's results. Further information regarding Commerce and factors that could affect the forward-looking statements contained herein can be found in Commerce's Annual Report on Form 10-K for the year ended December 31, 2024, which is accessible on the Securities and Exchange Commission's (the 'SEC') website at and at and in other documents Commerce files with the SEC. Information on these websites is not part of this document. All forward-looking statements attributable to Commerce or FineMark, or persons acting on Commerce's or FineMark's behalf, are expressly qualified in their entirety by the cautionary statements set forth above. Forward-looking statements speak only as of the date they are made and Commerce and FineMark do not undertake or assume any obligation to update publicly any of these statements to reflect actual results, new information or future events, changes in assumptions, or changes in other factors affecting forward-looking statements, except to the extent required by applicable law. If Commerce or FineMark update one or more forward-looking statements, no inference should be drawn that Commerce or FineMark will make additional updates with respect to those or other forward-looking statements. ADDITIONAL INFORMATION AND WHERE TO FIND IT In connection with the Proposed Transaction, Commerce will file with the SEC a Registration Statement on Form S-4 to register the shares of Commerce common stock to be issued in connection with the Proposed Transaction that will include a proxy statement of FineMark and a prospectus of Commerce (the 'proxy statement/prospectus'), as well as other relevant documents concerning the Proposed Transaction. The definitive proxy statement/prospectus will be sent to the shareholders of FineMark seeking their approval of the Proposed Transaction and other related matters. This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities or a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. INVESTORS AND SHAREHOLDERS OF FINEMARK ARE URGED TO READ THE REGISTRATION STATEMENT AND THE PROXY STATEMENT/PROSPECTUS REGARDING THE PROPOSED TRANSACTION WHEN THEY BECOME AVAILABLE AND EACH OTHER RELEVANT DOCUMENT FILED WITH THE SEC BY COMMERCE IN CONNECTION WITH THE PROPOSED TRANSACTION, AS WELL AS ANY AMENDMENTS OR SUPPLEMENTS TO THOSE DOCUMENTS, BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders will be able to obtain a free copy of the definitive proxy statement/prospectus, as well as other filings containing information about the Proposed Transaction, Commerce and FineMark, without charge, at the SEC's website, Copies of the proxy statement/prospectus and the filings with the SEC that will be incorporated by reference in the proxy statement/prospectus can also be obtained, without charge, by directing a request to Commerce's Investor Relations via email at or by telephone at (314) 746-7485, or to FineMark's Investor Relations via email at investorrelations@ or by telephone at (239) 461-3850. Commerce, FineMark and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the shareholders of FineMark in connection with the Proposed Transaction under the rules of the SEC. Information regarding Commerce's directors and executive officers is available in the sections entitled 'Directors, Executive Officers and Corporate Governance' and 'Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters' in Commerce's Annual Report on Form 10-K for the fiscal year ended December 31, 2024, which was filed with the SEC on February 25, 2025 (available at in the sections entitled 'Security Ownership of Certain Beneficial Owners and Management,' 'Composition of the Board, Board Diversity and Director Qualifications,' 'Corporate Governance' 'Compensation Discussion and Analysis' and 'Executive Compensation,' in Commerce's definitive proxy statement relating to its 2025 Annual Meeting of Shareholders, which was filed with the SEC on March 14, 2025 (available at and other documents filed by Commerce with the SEC. To the extent holdings of Commerce common stock by the directors and executive officers of Commerce have changed from the amounts held by such persons as reflected in the documents described above, such changes have been or will be reflected on Statements of Change in Ownership on Form 4 filed with the SEC. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the proxy statement/prospectus relating to the Proposed Transaction. Free copies of this document may be obtained as described in the preceding paragraph.
Yahoo
4 hours ago
- Yahoo
Golden celebration: FAMU grads make their mark as School of Architecture turns 50
In April 2025, the School of Architecture and Engineering Technology at Florida A&M University celebrated 50 years of academic success with a 'Golden Jubilee.' Established in 1975 as a School of Architecture (SOA), today it is a fully accredited School of Architecture and Engineering Technology (SAET). Fifty years after its founding, it is a renowned learning center for architects, engineers and members of the construction industry. The School has grown, held steady and graduated many diverse classes. Today those graduates are working all over the country to much acclaim and new students are coming to study from all over the world. That's definitely something to celebrate! At a time when 'Diversity, Equity and Inclusion' (DEI) is considered un-American by some, the story of why FAMU was selected to be the third architecture school in Florida is noteworthy, as is the name of the building that originally housed it and was known on campus as Banneker 'B.' Benjamin Banneker was a Black mathematician, astronomer and surveyor who used his skills to help set the boundaries for the city of Washington, D.C. Thereafter, Thomas Jefferson, who recommended him for the job, praised him in word and letter for his knowledge of 'spherical trigonometry.' Although Jefferson's description probably related more to Banneker's astronomical skills, it sure sounds like a complicated architectural skill to this writer. In response to a 1973 study indicating a significant need for more architects in Florida, a joint degree program with the University of Florida was established at Florida A&M University. Given that there were seven other public universities in Florida at the time, why did the architecture school go to an historically Black university? The fact is that in the early 1970s, the Board of Regents wanted two things to happen. First, the establishment of a third, and much needed, architecture program at a Florida public university and second, to encourage an increase in the number of White students attending an historically Black university (HBCU) in Florida. Ironically, it was sort of a 'DEI program in reverse' that was ultimately instrumental in creating one of the highest ranking architecture programs in the state. What do Michael Conn, Rodney Little, Donald Gray, Jr., Cam Whitlock, Rhonda Hammond, Will Rutherford, Gina Demirel and Jehna Godwin all have in common? They are some of the award-winning architects who have contributed so much to the profession of architecture and, even more important in light of the 'Golden Jubilee,' they are all graduates of what is now the FAMU School of Architecture and Engineering Technology. EMI Architects, a prominent Tallahassee firm headed by Brad Innes, AIA, is staffed almost entirely by FAMU/SAET grads. In addition to all the improvements to Doak Campbell Stadium, the firm designed buildings for the Schools of Medicine, Psychology and Education at FSU. Architects Lewis and Whitlock have changed the face of Tallahassee with important buildings ranging from the new Student Union at FSU to the Jim Moran Entrepreneurial Center on Monroe Street. Michael Conn, AIA added the Gateway Center to Monroe Street and Marché at Midtown, a centrally located and vibrant hub that has helped revive the heart of Tallahassee. FAMU grads have designed so many of the significant buildings that have reshaped the city landscape that it's impossible to name all of them. Many of their designs have been honored by the American Institute of Architects and below, in their own words, are a few important thoughts. 'Barely two months after graduating from Leon High School, I was sitting in the first 8:00 a.m. class on the first day of the new School of Architecture at FAMU. It was a difficult calculus class and we were told to look around and imagine that two out of every three students would not be graduating. The SOA teachers were all top notch and paying attention was the way to succeed. Teaching us how to think and solve problems was a gift the school gave me and one that I passed along to my daughter who is also a graduate of the SAET.' — Michael Conn, AIA, Conn Architects 'As a proud alum of the SAET, owner of my own firm and my leadership role as AIA Florida's 2024 President, I know that my education set the stage for my success in practice and in firm ownership. My education was almost a global experience working alongside students from around the world who were learning to meet the demands of climate, energy and housing. It had a huge impact on my work.' — Rhonda Hammond, AIA Hammond Design Group 'I met my future business partner in my second year at FAMU. We found out early we had a knack for working together and in 2000, we formed our own architecture firm. Now, 25 years later, we've designed a great many buildings and won a lot of awards, all of which began with our education in the FAMU SOA.' — Rodney Lewis, AIA, Architects Lewis & Whitlock 'I joined EMI 25 years ago and am now an Associate Principal. It still excites me when new SAET grads join our firm, bringing with them new skills and ideas. My FAMU experience gave me a solid foundation to grow and thrive in my studies and my professional work. Recently, I have become EMI's public face at FAMU for completing a host of projects including the Foote-Hillier Renovation and the University Commons IPODIA Lab. — Seth Coffin, EMI Architects My time at the FAMU School of Architecture was foundational for me as a professional. The design-thinking environment combined with a practical application of architectural concepts helped me to see the built world differently in those formative years. It prepared me for two rounds of graduate work and for my current role as a principal at the design firm I help lead. I hope the program has 50 more good years and that my kids will consider attending as well.' — Donald A. Gray, Jr., AIA, Fitzgerald Collaborative Group, LLC. The 'Golden Jubilee' brought together past and present faculty, alumni, benefactors and representatives of established professional firms and companies that recruit from the SAET. Within the walls of the recently enlarged and updated architecture building at the south end of campus, guests were given a tour of classrooms, studios and labs, many of which looked like settings for a sci-fi movie. It was clear that robots were about! Guests toured, chatted, and listened to instructors explain what a Hololens does and what mycelium is and why robots are so much fun to work with. Speaking during lunch, Dean Andrew Chin described the school as 'a place where big ideas come to life.' Tours of the new labs left no doubt that new ideas would definitely come to life. Two well-known companies have made big commitments to the SAET which is critically important because it shows the level of confidence both companies have in FAMU's success training architectural professionals. In 2024, Trimble made a generous gift to the school to establish the Trimble Technology Lab. The partnership represents a major milestone as FAMU became the first HBCU to host a Trimble Technology Lab. The lab is set to revolutionize the learning experience for students in architecture and construction engineering as they utilize laser scanning and reality capture to document and preserve old structures. The lab enhances cost estimation and scheduling processes and reduces project costs by integrating real-time data analysis and automation to prepare students for real world challenges. Jacobs is a global company that delivers outcomes and solutions for the world's most complex challenges. In line with its commitment to early-stage investments in young, underrepresented students, Jacobs established FAMU's Kaizen Collab, a digital fabrication lab that equips students with the necessary tools and resources to excel academically and in the future . 'Collab' is a play on the word 'collaboration.'. In this lab, students explore the intersection between technology and design. Dean Andrew Chin says 'It's where access meets opportunity.' Visiting Professor, Dr. Ian Fletcher's Electronics Lab, is focused on the exploration of material ecologies arising from the intersection of human and non-human worlds. Mycelium is a network of fungal threads that is gaining attention for use as a versatile and sustainable material. It can be grown on various organic waste materials like garbage and used to create light-weight, insulated and fire-resistant building blocks. I know because I held and hammered on some of it! In the Trimble Lab, Drs. Doreen Kobelo, Mohamed Ahed and Tejal Mulay are working with, among other things, the Microsoft HoloLens, an augmented-reality (AR) mixed-reality (MR) headset developed and manufactured by Microsoft. Trimble partnered with Microsoft to integrate the HoloLens device into construction hard hats for a mixed-reality solution called the Trimble XR10 that promises great things for the construction industry. In the Robotics Lab , Santiago R. Perez, is teaching students to combine spatial and geometric knowledge with complex digital software, robotic hardware and material properties. Students learn how to plan and script the movement of the robot, developing 'Digital-Twin models for simulation before sending the code to the robot for 'hands-off' physical construction. 'As we modernize our studios, labs and common spaces, the SAET is creating an environment where creativity and innovation thrive," Chin said. "The future of the School is grounded in partnerships that connect our students to national firms, global experiences and emerging technologies. The result will be graduates who are both visionary and highly employable.' Diane Greer is a retired professor of Architectural History at FAMU who served as Editor of Florida Architect magazine for 30 years. In that time, she has seen a lot of change in the city's built environment. This article originally appeared on Tallahassee Democrat: FAMU architecture grads make their mark as school turns 50

8 hours ago
Trump admin outlines US Steel plan, but union voices concerns
CALGARY, Alberta -- President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an 'investment' being made by Japan-based Nippon Steel in the iconic American steelmaker. Administration officials over the past few days provided additional insight into the 'golden share' arrangement that the federal government made as a condition for supporting the deal. The Pittsburgh-based steel maker and Nippon Steel plan $11 billion in new investments by 2028 after indicating that they plan to move forward with the deal under the terms of a national security agreement that has the White House's approval. The White House has described the deal as a 'partnership' and an 'investment' by Nippon Steel in U.S. Steel, although Nippon Steel has never backed off its stated intention of buying and controlling U.S. Steel as a wholly owned subsidiary in a nearly $15 billion offer it originally made in late 2023. Commerce Secretary Howard Lutnick posted on social media on Saturday how the 'golden share' to be held by the president would operate, revealing that the White House is willing to insert itself aggressively into a private company's affairs even as it has simultaneously pledged to strip away government regulations so businesses can expand. Under the government's terms, it would be impossible without Trump's consent to relocate U.S. Steel's headquarters from Pittsburgh, change the name of the company, 'transfer production or jobs outside the United States,' shutter factories, or reincorporate the business overseas, among other powers held by the president. Lutnick also said it would require presidential approval to reduce or delay $14 billion in planned investments. 'The Golden Share held by the United States in U.S. Steel has powerful terms that directly benefit and protect America, Pennsylvania, the great steelworkers of U.S. Steel, and U.S. manufacturers that will have massively expanded access to domestically produced steel,' Lutnick posted on X. That $14 billion figure is higher than what the companies disclosed on Friday when Trump created a pathway for the investment with an executive order based on the terms of the national security agreement being accepted. Lawmakers from Pennsylvania say the higher figure includes the cost of an electric arc furnace — a more modern steel mill that melts down scrap — that Nippon Steel wants to build in the U.S., bringing the value of the deal to at least $28 billion. The president has the authority to name one of the corporate board's independent three directors and veto power over the other two choices, according to a person familiar with the terms of the agreement who insisted on anonymity to discuss them. The details of the board structure were first reported by The New York Times. Details of the agreement emerged as Trump was traveling to Alberta in Canada for the Group of Seven summit. Still, the full terms remain somewhat unclear. The companies have not made public the full terms of Nippon Steel's acquisition of U.S. Steel or the national security agreement with the federal government. On Sunday, the United Steelworkers, the labor union representing U.S. Steel employees, posted a letter raising questions about the deal forged by Trump, who during his run for the presidency had pledged to block Nippon Steel's acquisition of U.S. Steel. The union said it was 'disappointed' that Trump 'has reversed course' and raised basic questions about the ownership structure of U.S. Steel. 'Neither the government nor the companies have publicly identified what all the terms of the proposed transaction are,' the letter said. 'Our labor agreement expires next year, on September 1, 2026, and the USW and its members are prepared to engage the new owners" of U.S. Steel "to obtain a fair contract.' If Trump has as much control of U.S. Steel as he has claimed, that could put him in the delicate position of negotiating the salary and benefits of unionized steelworkers going into midterm elections. As president, Joe Biden used his authority to block Nippon Steel's acquisition of U.S. Steel on his way out of the White House after a review by the Committee on Foreign Investment in the United States. After he was elected, Trump expressed openness to working out an arrangement and ordered another review by the committee. That's when the idea of the 'golden share' emerged as a way to resolve national security concerns and protect American interests in domestic steel production. As it sought to win over American officials, Nippon Steel made a series of commitments. It gradually increased the amount of money it was pledging to invest in U.S. Steel, promised to maintain U.S. Steel's headquarters in Pittsburgh, put U.S. Steel under a board with a majority of American citizens and keep plants operating. It also said it would protect the interests of U.S. Steel in trade matters and it wouldn't import steel slabs that would compete with U.S. Steel's blast furnaces in Pennsylvania and Indiana.