Rick Sofield, a partner at Debevoise & Plimpton and former CFIUS representative, discusses the political pushback against Nippon Steel’s $14.1 billion bid for U.S. Steel, focusing on national security concerns. Ava Benny-Morrison, a Bloomberg legal reporter, provides insights into Caroline Ellison's sentencing, emphasizing her plea for leniency due to her cooperation in a high-profile financial crime case. The conversation highlights the intricate balance between foreign investment regulations and legal repercussions for key financial figures.