President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his ...
Copyright 2025 The Associated Press. All Rights Reserved. President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase ...
Shares of U.S. Steel (X) moved higher after Washington Post reported on a proposal sent to the White House by Nippon Steel (NPSCY) in order to gain approval for its pending takeover of the steelmaker.
President Biden is blocking the proposed $14 billion acquisition of U.S. Steel by Nippon Steel. "A strong domestically owned and operated steel industry represents an essential national security ...
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