Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ...

The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of "political corruption." ...

President Joe Biden said Friday that he was blocking the proposed $14.9 billion acquisition of American company U.S. Steel by Japan’s Nippon Steel. Analysts said rejection of the deal could hurt ...

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 ...

PRESIDENT BIDEN’S DECISION TO BLOCK IT. PRESIDENT BIDEN, EXPLAINING HIS REASONING FOR BLOCKING THE $14.3 BILLION ACQUISITION OF U.S. STEEL BY JAPAN’S NIPPON STEEL, SAYING IT’S HIS ...

Biden blocks NSC's $55-per-share bid for US Steel, citing national security and supply chain concerns. US Steel faces bearish momentum but retains long-term growth potential through Big River ...

The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in doubt.

President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase ... can recommend that the president block a transaction, and federal law gives the ...

The decision by the president to block the deal is a victory for American union workers and advocates for domestic industry, who argued that maintaining U.S. Steel as an American-owned company was ...

President-elect Donald Trump also said he opposes the deal and that he also would block it once he takes office. “President Biden’s action today is shameful and corrupt,” David Burritt, US Steel’s ...

“Bad decision,” one senior administration official said of Biden’s forthcoming move to block the deal. “Doesn’t actually protect union jobs and may kill the company.”Shares in U.S ...

0:53 Trump: US steel doing so well that border wall should be made of steel, not concrete U.S. President Joe Biden on Friday followed through on his pledge to block Nippon Steel’s US$14.9 ...