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The Latest Breaking News from Nippon Steel

President Biden Blocks Japanese Takeover Of U.S. Steel

President Biden's decision to block a Japanese company's takeover of U.S. Steel raises concerns about American steel industry jobs and investments.

Top News

Biden's decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland

The Independent UK

Nippon Steel and US Steel Hit Back At Biden's 'Unlawful Decision' To Block Sale

The president rejected the $14.9 billion deal between the steelmakers over national security concerns.

International Business Times

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Rise of US Steel paralleled the arrival of the United States on the world stage

President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel — something he had first vowed to do in March

The Independent UK

Blocking the U.S. Steel Sale Is a Perfectly Disgraceful End to Biden's Political Career

It's a disgraceful decision that serves as a perfect epitaph for Biden's political career.

Reason

Biden blocks $14.9B sale of U.S. Steel

The president said it was his "responsibility to block foreign ownership of this vital American company”

Salon

Biden blocks sale of US Steel to Japan’s Nippon Steel

Biden cites need to ‘level playing field’ in long anticipated blocking of $14.6bn sale likely to roil ties with Tokyo.

Al Jazeera

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Corpse President Says Companies Can't Do What They Want

Plus: Subway system crime by the numbers, Bernie Sanders' H-1B visa hate, surgeon general still stupid, and more...

Reason

President Biden Rejects Nippon Steel's U.S. Steel Acquisition Deal

President Biden blocks the billion acquisition of U.S. Steel by Nippon Steel, citing national security concerns and potential strain on U.S.-Japan rela...

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Latin Times

Biden To Block US-Japan Steel Deal: US Media

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.

Roll Call

Biden blocks Nippon purchase of US Steel - Roll Call

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

International Business Times

Biden To Block US Steel Takeover By Nippon Steel: Reports

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.

Al Jazeera

Biden to block Nippon Steel’s takeover of US Steel, reports say

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

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Barchart

Stocks Finish Lower on Year-End Profit-Taking

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...

Reason

Bootleggers and Baptists in the U.S. Steel Deal

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

Reason

Nippon Steel-U.S. Steel Merger Poses No National Security Threat

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

Reason

Holiday Stress Test

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

Salon

Biden to decide Nippon-U.S. Steel deal

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

Al Jazeera

US-Japan steel deal goes to Biden for final decision after panel deadlocks

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

The Independent UK

Biden will decide on US Steel acquisition after influential panel fails to reach consensus

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

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