Biden's order regarding the U.S. Steel purchase by Nippon was later updated with the correct title. The White House also issued a statement from the president explaining his decision to block the ...

President Biden on Friday is expected to block Japan's Nippon Steel from acquiring U.S. Steel, citing national security concerns, according to multiple reports. Why it matters: U.S. Steel's shares ...

President Joe Biden on Friday blocked Japanese steel giant Nippon's $14 billion acquisition of U.S. Steel. The companies have ...

Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction ...

The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in doubt.

the likelihood of consolidation in the U.S. is much lower than with Cliffs, which operates over 20 steel-producing sites. And, under Cliffs, all the white-collar staff is almost certainly gone.

Biden’s decision “isn’t about Japan,” White House National Security Council spokesperson John Kirby said in a briefing with reporters Friday. “This is about U.S. steel-making and keeping ...

Report says Nippon Steel is negotiating directly with the White House over the purchase of ... Nippon Steel Corp. has made assurances to the U.S. government over its planned acquisition of the ...

Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, ...

Shares of U.S. Steel (X) moved higher after Washington Post reported on a proposal sent to the White House by Nippon Steel (NPSCY) in order to gain approval for its pending takeover of the steelmaker.

President Joe Biden bowed to growing protectionist pressures in the United States and formally blocked a Japanese company’s proposed purchase of U.S. Steel, winning praise from the president’s ...