Biden rejected appeals of several top advisers in blocking U.S. Steel bid
Senior administration officials had reservations about calling Nippon Steel’s takeover proposal a “national security risk.”
Biden blocks U.S. Steel takeover by Japan's Nippon
President Biden on Friday is expected to block Japan's Nippon Steel from acquiring U.S. Steel, citing national security concerns, the White House announced Friday. Why it matters: U.S. Steel's shares were down as much as 9% in pre-market trading Friday on the news.
Biden blocks $14 billion acquisition of US Steel by Japan's Nippon Steel
President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his earlier vow on the presidential campaign trail to prevent the acquisition of Steeltown USA's most storied steel company.
Companies signal court fight ahead after Biden blocks U.S. Steel sale
The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in doubt.
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."
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
Biden blocks Japan's $14 billion takeover of US Steel on national security grounds
Joe Biden said the deal would create "risk for our national security and our critical supply chains." President-elect Trump also opposed the takeover.
President Biden blocks sale of US Steel to Japanese company
In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned and American-operated."
Biden blocks US Steel sale to Japanese competitor
President Joe Biden formally blocked a proposed $14.9 billion takeover of U.S. Steel by a Japanese company, the White House announced Friday. “It is my solemn responsibility as President to ensure that,
Biden Rejects Nippon Steel's Proposed Deal to Acquire US Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel
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Biden’s decision on Nippon Steel deal followed divide in his orbit
The split was emblematic of so many shifts in U.S. policy — including of Biden’s pledge to build trust with allies and the ...
Editorial: Blocking Nippon deal is a death sentence for Pittsburgh steel
President Joe Biden’s decision to block Nippon Steel’s acquisition of U.S. Steel will go down as one of the worst of his ...
Rise of US Steel paralleled the arrival of the United States on the world stage
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel — something he had first vowed ...
David Brooks on U.S. Steel: There's Been A Rising Tide Of Xenophobia And Nationalism In Our Economic Policy
New York Times columnist David Brooks and Washington Post associate editor Jonathan Capehart join Amna Nawaz to discuss the week in politics, including President Biden blocking the sale of U.S. Steel.
‘An uncertain future’: Northwest Indiana, steel industry react as Biden blocks U.S. Steel deal
More than one year after a potential purchase of U.S. Steel was announced, President Joe Biden has officially blocked the ...
U.S. Steel and the Corruption of Cfius
Biden blocks Nippon Steel’s investment bid in an act of American economic masochism.
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 ...