Why did President Biden block Nippon Steel’s takeover of US Steel? President Biden blocked the deal due to national security concerns, as US Steel is considered a critical industry for the United ...

(Bloomberg) -- President Joe Biden has blocked the $14.1 billion sale of United States Steel Corp. to Nippon Steel Corp., killing a high-profile deal that sparked a political firestorm and tensions ...

U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the ...

Copyright 2025 The Associated Press. All Rights Reserved. President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase ...

President Joe Biden officially blocked Nippon Steel’s proposed $14.9 billion purchase of US Steel on Friday, citing national security concerns — dealing a potentially fatal blow to the ...

McCall insisted that U.S. Steel — which is profitable and reported $1.8 billion on its balance sheet — has the financial ... to buy the steel producer for $14.9 billion in cash and debt ...

FILE - This is a portion of US Steel's Edgar Thomson Works in Braddock, Pa., on Sunday, Apr., 28, 2024. (AP Photo/Gene J. Puskar, File) ...

Shares in US Steel fell on Friday after President Joe Biden blocked a $14 billion takeover by Nippon Steel. In a statement, Biden said a committee of national security and trade experts had found ...

Japanese companies are paying close attention to the fallout from U.S. President Joseph Biden's decision to block Nippon Steel’s $14 billion bid to acquire United States Steel. Biden announced ...

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 ...

U.S. Steel has claimed it could be forced to shut down the mills represented by the USW if it doesn’t get the $2.7 billion in investment planned by Nippon Steel as part of its proposed $14.3 ...