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Mr. Biden says he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat ...

Biden said he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat to ...

The blocked sale of U.S. Steel to Nippon Steel Corporation by President Biden sends shockwaves through the steel industry, raising concerns about national security, job losses, and rising steel prices ...

In a statement Biden said, “As a committee of national security and trade experts across the executive branch determined, ...

"This acquisition would place one of America's largest steel producers under foreign control and create risk for our national security and our critical supply chains," Biden said in a statement.

ROBICHAUX TELLS ME THIS DEAL COULD STILL GO THROUGH IF A COURT OVERTURNS THE DECISION, BU On Friday, President Joe Biden blocked the $14.9 billion sale of U.S. Steel to Japanese-based Nippon Steel, ...

President Biden formally blocked the sale of U.S. Steel to a Japanese steelmaker, citing national security concerns. The company said that it may have to cut thousands of union jobs without the sale.

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