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Biden blocks Nippon Steel’s $15bn takeover of US Steel

The Associated Press - Busines… · 8h

Biden’s decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead.

Biden blocks Japan's Nippon Steel from acquiring U.S. Steel

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

CNN on MSN · 21h

Biden blocks Japan’s Nippon from taking over US Steel

President Joe Biden said Friday he is blocking a $14.3 billion acquisition of US Steel by Japan’s Nippon Steel, marking a significant use of executive authority in the closing days of his administration.

3don MSN

Japan's Nippon Steel offers governmental veto power for U.S. Steel production

Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U ...

2don MSN

Mike Pompeo defends US Steel, Nippon deal, urges Trump to do the same

President Biden's decision to block the acquisition of U.S. Steel by Nippon Steel citing national security concerns drew ...

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