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The announcement of the sale to Nippon Steel was first announced on Dec. 18, 2023. President Joe Biden is reportedly close to deciding to block Nippon Steel Corp.’s $14.9 billion acquisition of ...

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.

Washington: President Joe Biden on Friday announced he has blocked the controversial $14.9 billion sale of US Steel to Japan's Nippon Steel, citing a strategic need to protect domestic industry.

Good morning. President Joe Biden has decided to block the sale of US Steel to Japan’s Nippon Steel. Take a peek at the 2024 returns of the biggest hedge funds. And Luke Littler goes through to ...

with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. “This acquisition would place one of America’s largest steel producers ...

SO WE’LL BE WATCHING U.S. STEEL’S FUTURE DECISIONS CLOSELY. ROBICHAUX TELLS ME THIS DEAL COULD STILL GO THROUGH IF A COURT OVERTURNS THE DECISION, BU On Friday, President Joe Biden blocked the $14.9 ...

Biden said he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat to national security. "It is my solemn responsibility as president to ...