Biden on Friday rejected Nippon Steel’s purchase of the storied American steelmaker, citing national-security concerns.

U.S. Steel and Nippon Steel filed lawsuits on Monday over President Joe Biden's decision to stop the Japanese company's proposed nearly $15 billion takeover of its Pittsburgh-based rival.

Nippon Steel, whose multibillion-dollar proposal to buy struggling US Steel was blocked by President Joe Biden last week, says it is considering taking legal action against the US government.

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President Biden announced Friday that he is blocking the $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel after a government panel recently failed to reach consensus on the possible ...

President Joe Biden bowed to growing protectionist pressures in the United States and formally blocked a Japanese company’s proposed purchase of U.S. Steel, winning praise from the president’s ...

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Shares of U.S. Steel sank in intraday trading Friday as President Joe Biden blocked the $14.1 billion sale of the iconic American company to Japan's Nippon Steel. The White House announced the ...

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 ...

U.S. Steel had also said it hoped Biden would approve the transaction. Nippon Steel first announced in December 2023 that it planned to purchase U.S. Steel for roughly $15 billion.