President Biden Friday followed through on a promise to block the sale of US Steel to Japanese-owned Nippon Steel, citing ...
President Joe Biden has decided to block the sale of United States Steel Corp. to Japan’s Nippon Steel Corp., according to ...
The intersection of politics and national security likely played a role in President Biden’s decision to reject the proposed ...
President Joe Biden officially announced on Friday he has blocked Nippon Steel's $14.1 billion purchase of U.S. Steel, ...
Labor groups applauded while businesses leveled sharp criticism Friday at the decision by the Biden administration to block ...
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The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, ...
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“President Biden claiming Japan’s investment in an American steel company is a threat to national security is a pathetic and craven cave to special interests that will make America less prosperous and ...
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(The Center Square) – President Joe Biden blocked a $14.9 billion buyout of Pittsburgh-based U.S. Steel on Friday.
The outgoing US president has cited a strategic need to protect domestic industry. The long expected move cuts off a much needed lifeline of capital for the US icon.