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 ...
Biden announced last year that he opposed the sale to Japan’s Nippon Steel ... rested solely in Biden’s hands after an interagency panel known as the Committee on Foreign Investment in ...
Sen. Rand Paul (R-Ky.) blasted the decision, calling U.S. Steel a “struggling company.” “Blocking the sale of a struggling company to a stronger company simply steals value from what’s ...