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Update: President Biden announced Friday morning he is blocking the U.S. Steel-Nippon Steel deal "to ensure that, now and long into the future, America has a strong domestically owned and operated ...

Shares of U.S. Steel sank in intraday trading Friday as President Joe Biden blocked the $14.1 billion sale of the iconic American company to Japan's Nippon Steel. The White House announced the ...

TOKYO, Jan 6 (Reuters) - Japan's Nippon Steel (5401.T), opens new tab may need to look at a revamp of its growth strategy after U.S. President Joe Biden blocked its proposed $14.9 billion ...

Experts say that will not change even after Biden’s rejection of Nippon Steel’s takeover attempt. By River Akira Davis Reporting from Tokyo As signs emerged that President Biden was gearing up ...

WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to ...