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The Latest Breaking News from US Steel

President Joe Biden on Friday announced he has blocked the controversial $14.9 billion sale of US Steel to Japan's Nippon Steel, citing a strategic need to protect domestic industry.

International Business Times

Biden blocks Japanese takeover of US Steel on national security grounds

Biden says the Pittsburgh-based U.S. Steel ‘will remain a proud American company — one that’s American-owned, American-operated, by American union steelworkers’

The Independent UK

Joe Biden blocks Nippon Steel’s $14.9bn bid to purchase US Steel

President cites national security concerns as he follows through on pledge to keep steelmaker domestically owned

The Guardian - US

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President Biden To Block .3B US Steel Deal

President Biden's decision to block the acquisition of US Steel by Nippon Steel raises national security concerns and highlights the importance of American...

Top News

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.

Latin Times

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.

Roll Call

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.

International Business Times

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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.

Al Jazeera

Asian Stocks Begin Year On Cautious Note

Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs, and China's economy gave Wall Street the holiday blues for a fourth straight session.

International Business Times

Asia Stocks Begin Year On Cautious Note

Asian stocks began 2025 mostly in the red on Thursday after worries about US interest rates, tariffs and China's economy gave Wall Street the holiday blues for a fourth straight session.

International Business Times

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

Biden to decide Nippon-U.S. Steel deal

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

Salon

US Steel Acquisition By Japanese Rival Faces Uncertain Future

President Biden faces decision on US Steel sale to Japanese rival amid national security concerns and job protection advocacy.

Top News

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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

International Business Times

US Panel Could Not Reach Consensus On US-Japan Steel Deal: Nippon

A US government panel failed to reach a consensus on whether US Steel's acquisition by Nippon Steel threatens Washington's national security, shifting the decision to the White House, the Japanese company said late Monday.

International Business Times

Nippon Steel Slams 'Inappropriate' Politics In US Deal

Nippon Steel on Wednesday slammed the "inappropriate" role of politics after Bloomberg News reported that President Joe Biden would block its planned takeover of US Steel.

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Benzinga

Trump's Policies Could Benefit These 3 Stocks

Trump's second term could bring protectionist trade policies, potential benefits for domestic banks and steel producers, and a friendly stance towards mineral projects.

The Independent UK

Japan's Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel

The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel

Barchart

Stocks Settle Mixed as Nasdaq 100 Posts New Record High

The S&P 500 Index ($SPX ) (SPY ) Tuesday closed up +0.05%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.17%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.31%. Stocks on Tuesday settled mixed, with the Nasdaq 100 posting a new all-time high....

Top News

Trump Vows To Block Nippon Steel's U.S. Steel Purchase

Debate over Nippon Steel's acquisition of U.S. Steel intensifies, raising concerns about national security and economic impact.

Reason

Trump's Vow To Block U.S. Steel's Sale Sends Stock Tumbling

Trump doesn't care much about free market principles or the limits of government power. But he should pay attention to this signal from the stock market.

Barchart

Stocks Weaken as T-note Yields Rise on US Labor Market Strength

The S&P 500 Index ($SPX ) (SPY ) today is down -0.22%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.25%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.23%. Stocks today are posting mild losses, with the S&P 500 and Nasdaq 100 consolidating...

Barchart

Stocks Pressured by Negative Corporate News

The S&P 500 Index ($SPX ) (SPY ) today is down -0.07%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.15%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.09%. Stocks today are slightly lower, with the S&P 500 and Nasdaq 100 consolidating below...

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