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Steel, Joe Biden and Japan
President Biden Plans To Block Nippon Steel Takeover of US Steel, Report Says
KEY TAKEAWAYS President Joe Biden reportedly plans to formally block the $14 billion sale of United States Steel to Japan's Nippon Steel on national security grounds.According to Bloomberg, Biden will reject the bid once the Committee on Foreign Investment in the United States (CFIUS) panel sends its decision to the president by Dec.
President Biden reportedly set to block sale of Pittsburgh's U.S. Steel to Japan-based Nippon Steel
WASHINGTON (KDKA) — President Joe Biden is reportedly preparing to block the sale of U.S. Steel to Nippon Steel . As of Wednesday morning, a U.S. National Security Panel is reviewing the proposed $15 billion deal and the panel has to refer its decision on the merger to President Biden by Dec. 22 or 23.
Japan's Nippon-US Steel deal on track to be axed by Biden: Report
President Joe Biden could soon block the $15 billion Nippon Steel-U.S. Steel acquisition on the grounds of national security.
U.S. Steel Stock Drops on Report Biden to Block Nippon Takeover
U.S. Steel stock was tumbling after Bloomberg reported that President Joe Biden would block its acquisition by Japanese steel company Nippon Steel. The surprising part of the takeover drama isn’t the decision.
20h
Biden's daunting exit list: Gaza ceasefire, Ukraine aid, U.S. Steel
With a month left in the White House, U.S. President Joe Biden has a long list of foreign and domestic policy actions he ...
Stars and Stripes
15h
These steelworkers want a U.S. Steel sale. Biden and Trump don’t.
USW President David McCall’s office said that “most” of the 10,000 union members who work for U.S. Steel oppose the deal.
18h
Other voices: Nixing the Nippon Steel deal is still a terrible idea
If anything, approving the deal would make the U.S. stronger. The merged company would form the world’s third-largest ...
7d
U.S. Steel merger likely to be blocked. Treasury letter explains why
President Joe Biden is said to be planning to end Nippon Steel Corp.’s $14.1 billion bid to buy U.S. Steel Corp. on national ...
15h
Exclusive: Nippon Steel alleges undue White House influence on doomed deal review, letter says
Nippon Steel alleges the White House had "impermissible undue influence" over a national security review of its $14.9 billion ...
RealClearMarkets
3d
Blocking Nippon-U.S. Steel Would Be One of Biden's Worst Decisions
It may not be as damaging as Herbert Hoover’s Smoot-Hawley tariffs, or Richard Nixon’s wage-price controls, but a decision by ...
2d
Why the Biden administration is selling border wall materials
Surplus border wall materials are being auctioned, sparking debate over border security and federal resource management.
10d
Biden plans to formally block U.S. Steel sale, Bloomberg reports
With about 40 days until President-elect Donald Trump takes office, President Joe Biden is expected to block a Japanese ...
7d
on MSN
Biden Administration Auctioning Pieces of Border Wall: Report
The Biden administration sold similar materials in 2023, just before approving construction of another 20-mile stretch. The ...
1d
FirstFT: US government on brink of shutdown
Dozens of Republicans sided with Democrats to reject Speaker Mike Johnson’s proposed bill which would have extended ...
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