President Biden on Friday is expected to block Japan's Nippon Steel from acquiring U.S. Steel, citing national security concerns, the White House announced Friday. Why it matters: U.S. Steel's shares ...
President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national ...
WASHINGTON (AP) — Biden blocks Nippon Steel of Japan's proposal to acquire US Steel, affirming his vow in March to block the deal.