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Biden Blocks US Steel Takeover By Japan's Nippon Steel
U.S. Steel faces murky future after proposed Nippon Steel takeover
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 manufacturer could struggle to energize growth or attract rival acquisition bids.
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’s decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers
By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland.
1d
on MSN
Biden to announce decision on U.S. Steel acquisition as early as Friday
President Biden is likely to announce a decision as soon as Friday on whether he will approve Nippon Steel's $14.9 billion ...
1d
on MSN
Biden kills U.S. Steel deal; what Trump said and what it means for Pennsylvania
U.S. Steel employs thousands across its plants and offices in Pennsylvania and the state has about 10% of the nation’s ...
15h
on MSN
What does blockage of steel deal mean for U.S. Steel facility in Jefferson County?
President Joe Biden rejected the deal between U.S. Steel and Japan's Nippon Steel. The $14 billion acquisition was opposed by ...
13h
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.
14h
on MSN
Why U.S. Steel’s (X) Shares Are Falling
We recently published a list of 10 Firms Buck Broader Market Optimism. In this article, we are going to take a look at where ...
1d
Iron Range union applauds Biden’s blocking of U.S. Steel acquisition: ‘We are going to be fine.’
President Joe Biden, citing national security concerns, on Friday blocked Nippon’s acquisition of U.S. Steel, an important ...
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Joe Biden
President of the United States
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