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The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the ...

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President Biden announced Friday that he is blocking the $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel after a government panel recently failed to reach consensus on the possible ...

The Biden administration's move on Friday to block Nippon Steel's proposed purchase of U.S. Steel raises questions about the once iconic American company's future, with industry sources saying the ...

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.

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 ...

WASHINGTON/TOKYO, Jan 3 (Reuters) - U.S. President Joe Biden blocked Nippon Steel's (5401.T), opens new tab proposed $14.9 billion purchase of U.S. Steel (X.N), opens new tab on Friday ...

President Joe Biden cited national security concerns on Friday as he blocked the proposed takeover of U.S. Steel, but Biden's move to scuttle Nippon Steel's $14.9 billion deal also carries ...

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 ...

(Bloomberg) -- President Joe Biden has decided to block the sale of United States Steel Corp. to Japan’s Nippon Steel Corp., according to three people with knowledge of the matter, ending a $14. ...

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 ...