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Biden to block US-Japan steel deal

Hosted on MSN · 3h

X down: U.S. Steel stock falls 7% after President Joe Biden blocks takeover by Japanese giant Nippon Steel

The acquisition was controversial as some argued foreign ownership over one of America’s largest steel producers posed a threat to national security. U.S. Steel (NYSE: X) stock was down more than 5% in midday trading Friday,

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."

Marketplace · 1d

Could Nippon still buy U.S. Steel after Biden blocked the deal?

The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.

12hon MSN

Government source: 'regrettable' that Nippon Steel decision made due to 'national security concerns'

A Japanese government source told Euronews that the Biden adminstration's decision to block the takeover of US Steel by Japan ...

FOX 32 Chicago on MSN1d

Biden blocks $15B Nippon-U.S. Steel deal; Gary mayor warns of possible job losses

GARY, Ind. - Nippon Steel Corp. of Japan and U.S. Steel announced plans to pursue legal action after President Joe Biden ...

RealClearMarkets21h

The Dubious Behavior That Undermined the U.S. Steel-Nippon Steel Merger

President Biden’s announcement on Friday to block Nippon Steel’s acquisition of U.S. Steel is a political decision, not one ...

1d

Will White House decision to block US Steel's sale to foreign-owned Nippon reopen door for Cleveland Cliffs?

President Biden Friday followed through on a promise to block the sale of US Steel to Japanese-owned Nippon Steel, citing ...

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