President Joe Biden on Friday blocked US Steel’s (X) $14 billion sale to Japanese giant Nippon Steel on national security concerns, creating new uncertainty for an iconic American steelmaker.

Meanwhile, US Steel warned that a failure to merge with the Japanese firm would put thousands of union jobs at risk. The US steelmaker would have to shutter some of its mills, and potentially move ...

WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to ...

Also, the impact of President Biden blocking the sale of U.S. Steel to a Japanese company.

President Biden blocked the sale of U.S. Steel X0.86%increase; green up pointing triangle to Japan’s Nippon Steel 5401 0.06%increase; green up pointing triangle, fulfilling his pledge to keep ...

President Biden said he would block the sale of one of America’s most iconic companies to a Japanese firm. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion.

Kosuke Okahara for The New York Times Supported by By Clay Risen One afternoon in February 1891, a Japanese chemist named Jokichi Takamine arrived by train in Peoria, Ill. He was there at the ...

President Joe Biden bowed to growing protectionist pressures in the United States and formally blocked a Japanese company ... last year that he opposed the sale to Japan’s Nippon Steel.

President Joe Biden’s decision Friday to block the sale of U.S. Steel to a Japanese rival has ignited an imminent legal challenge, alarmed foreign investors and cast a shadow over the careers of ...

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