The Biden administration blocked the purchase of U.S. Steel by Japan's Nippon Steel. Here's what that could mean for the once ...

The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, ...

The company still needs investment badly, and it isn’t clear what game of opportunity and survival is being played at the top ...

President Joe Biden has blocked Nippon Steel’s $15 billion acquisition of U.S. Steel (X), citing potential risks to national ...

Biden cites national security as a chief reason for his decision, but the steelmakers say the ruling is politically motivated ...

The proposal by Japan’s Nippon Steel company to buy the venerable 124-year-old steel company based in Pittsburgh had been on ...

President Biden said he would block the sale of one of America’s most iconic companies to a Japanese company. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion ...

President Biden's executive order blocking a near-$15 billion acquisition of U.S. Steel requires the abandonment of the transaction within 30 days.

The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.

The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of ...

President Joe Biden has officially blocked the $14.9 billion takeover of U.S. Steel by Japan's Nippon Steel. Biden said the ...

The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the ...