The Latest Breaking News from Nippon Steel

The decision was left with Biden after a US government panel failed to reach a consensus in late December on whether US Steel's acquisition by Nippon Steel threatens Washington's national security.

President Biden blocked Nippon Steel's purchase of U.S. Steel, citing national security. President-elect Trump also opposed the deal.

A White House announcement of the presidential finding is being planned unless Biden has a last-minute change of heart, according to the Washington Post and the New York Times.

US president expected to announce decision to block proposed sale of Pittsburgh-based steelmaker as early as Friday.

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed down -0.43%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.07%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.87%. March E-mini S&P futures (ESH25 ) are down -0.37%, and March E-mini Nasdaq futures...

Progressives and environmental groups have teamed up with a rival steelmaker to lobby against the U.S. Steel deal.

The Committee on Foreign Investment doesn't recommend blocking the merger, and neither should President Joe Biden.

Plus: AI energy boom, Biden vs. Nippon Steel, and more...

Biden has opposed the takeover and believes U.S. Steel should be domestically owned and operated

Committee on Foreign Investment in the US fails to agree on national security risks of proposed takeover of US Steel.

A powerful government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel