President Joe Biden officially announced on Friday he has blocked Nippon Steel's $14.1 billion purchase of U.S. Steel, ...

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

Joe Biden said the deal would create "risk for our national security and our critical supply chains." President-elect Trump ...

US Steel and Nippon Steel threatened legal action after President Joe Biden blocked a controversial $14.9 billion deal for ...

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

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

A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.