A lmost as soon as President Joe Biden announced he would block Nippon Steel’s acquisition of U.S. Steel, the caterwauling began.The U.S. Steel CEO and some economists complained that Biden’s ...

WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to ...

US President Joe Biden is poised to officially block Nippon Steel's proposed $14.9-billion purchase of US Steel, a person familiar with the matter said on Friday, dealing a probably fatal blow to ...

WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to ...

P resident Joe Biden cited national security concerns on Friday as he blocked the proposed takeover of U.S. Steel, but Biden's move to scuttle Nippon Steel's $14.9 billion deal also carries ...

A fter a year of intense debate, it's now up to President Joe Biden whether to allow the sale of U.S. Steel to Nippon Steel, a Japanese company — a decision that will send a strong signal about ...

US President Joe Biden’s decision to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp. has sparked fresh uncertainty for the American icon that’s been at the ...

Biden made the merger an issue on the campaign trail, particularly in Pennsylvania, a swing state home to U.S. Steel. In March 2024, Nippon submitted the purchase to the CFIUS for approval.