President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based ...
The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the ...
U.S. Steel fell by more than 6% following reports that President Biden would refuse an offer from Nippon Steel to give the U.S. government veto rights on any plans to change production levels at the ...
The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.
US Steel (NYSE:X) shares settled -6.5% while ADRs of Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) ended -0.8% on Friday after President Biden officially blocked the proposed merger of the two steel ...
The decision to block U.S. Steel's acquisition by Nippon Steel is the perfect coda to President Joe Biden's political career. By intervening in the ...
TaiwanPlus News on MSN56m
Report: Biden Blocks Nippon Steel's US$15B Merger With U.S. Steel - TaiwanPlus NewsThe Washington Post is reporting that U.S. President Joe Biden has decided to block Nippon Steel's US$15 billion acquisition ...
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