President Joe Biden on Friday blocked US Steel’s (X) $14 billion sale to Japanese giant Nippon Steel on national ... the acquisition and also vowed to block the deal. The Committee on Foreign ...

President Joe Biden has blocked a $15 billion takeover of US Steel by Japan's Nippon Steel. Biden said it was necessary to protect American industry and prevent a key national asset from coming under ...

The biggest stories of the day delivered to your inbox.

President Joe Biden on Friday blocked US Steel’s (X) $14 billion sale to Japanese giant Nippon Steel on national security concerns ... President-elect Donald Trump also opposed the acquisition and ...

President Biden has announced he will block the sale of U.S. Steel to Japanese-owned Nippon Steel, saying the acquisition would “create risk for our national security and our critical supply ...

This copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order ...

Biden announced in a statement he had made the decision due to “credible evidence” that the purchase could threaten national security. The president’s decision comes after the Japanese ...