Japan's Nippon Steel agreed to acquire the struggling U.S. Steel in a win-win deal that would bring much needed capital ...
Mr. Biden cited national security concerns for his decision. In reality, the move was a payoff to Big Labor that will ...
President Biden is blocking Nippon Steel's $14.9 billion takeover of U.S. Steel, citing national security concerns.
including by ensuring that American companies continue to play a central role in sectors that are critical for our national security," the president's statement said. Nippon Steel and U.S.
The move by Cleveland-Cliffs comes after the Biden administration blocked the U.S. Steel-Nippon tie-up on national security grounds.
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