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Biden blocks Japan's Nippon Steel from buying US Steel

Biden decided to scrap the deal despite concerns that it could damage Washington's relations with Tokyo.

BBC News - 1d

U.S. Steel faces murky future after proposed Nippon Steel takeover

The Biden administration blocked the purchase of U.S. Steel by Japan's Nippon Steel. Here's what that could mean for the once iconic American company.

CBS News - 1d

Biden Blocks Sale of U.S. Steel to Nippon Steel

The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.

The Wall Street Journal - 2d

Biden blocks U.S. Steel takeover by Japan's Nippon Steel, citing national security

U.S. Steel's stock opened down more than 7% in trading Friday following the president's announcement.

CNBC - 2d

Biden Plans to Block U.S. Steel Sale to Nippon Steel After Long Fight

The embattled $14.9 billion bid will likely be scrapped if the President declines to approve Nippon Steel’s merger plan, administration officials said.

Inc. - 2d

US Steel acquisition by Japan’s Nippon blocked

Domestic steel production is essential to U.S. security, Biden said.

ABC News - 2d

Biden blocks Nippon Steel’s $15bn takeover of US Steel

Companies threaten legal action in response to outgoing president’s decision

Financial Times - 2d

Biden blocks sale of U.S. Steel to Japan's Nippon Steel

President Biden has blocked the acquisition of U.S. Steel by Japanese company Nippon Steel. NBC News' Kelly O'Donnell reports on how the president came to the decision and the impact it could have.

NBC News - 2d

Why Biden blocked the U.S. Steel deal with Japan's Nippon Steel

President Biden has blocked a deal between U.S. Steel and Japan's Nippon Steel that could impact the relationship with the American ally and have global economic repercussions. CBS News' Nicole ...

CBS News - 2d

Biden blocks Japan's Nippon Steel from $15 billion takeover of U.S. Steel

President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S.

NBC News - 2d

U.S. Steel stock tumbles to almost half of what Nippon Steel offered after Biden rejection

Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday.

MarketWatch - 2d

Biden rejects U.S. Steel-Nippon Steel deal

A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.

CBS News - 2d

Joe Biden blocks Nippon Steel’s $14.9bn bid to purchase US Steel

President cites national security concerns as he follows through on pledge to keep steelmaker domestically owned. Joe Biden has blocked a $14.9bn bid by Japan’s Nippon Steel for US Steel, ...

The Guardian - 2d

Biden says he will block US Steel sale to Nippon Steel

President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon Steel following a yearlong review of the potential acquisition. “We need major U.S. companies ...

The Hill - 2d

Biden rejecting deal between U.S. Steel and Japan's Nippon Steel, according to reports

President Biden is reportedly blocking the deal between U.S. Steel and Japan's Nippon Steel. CBS News contributor Javier E. David has more.

CBS News - 2d

Biden decides to block Nippon Steel’s $15 billion acquisition of U.S. Steel: Report

The White House is expected to announce U.S. President Joe Biden’s decision to block Nippon Steel’s $15 billion takeover bid of U.S. Steel on Friday.

CNBC - 2d

Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon

The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon as Friday.

The New York Times - 2d

Why Trump should switch sides on the US Steel-Nippon Steel merger (but probably won’t)

The clock is ticking on government approval for the U.S. Steel-Nippon Steel merger, and whether short-term political buffoonery will win out over inexorable economic logic. My money is on buffoonery.

The Hill - 3d

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