Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon ...

An icon in the shape of a lightning bolt. Impact Link Shares in US Steel fell on Friday after President Joe Biden blocked a $14 billion takeover by Nippon Steel. In a statement, Biden said a ...

In blocking the deal Friday, Biden pointed to what he said was “credible evidence” that Nippon Steel’s $14.1 billion bid would “create risk for our national security and our critical ...

to Nippon Steel Corp. under the federal Defense Production Act—citing national security concerns and "credible evidence" that the Japan-based steelmaker "might take action that threatens to ...

Biden, however, cited steps his administration has taken to strengthen the steel industry in the United States while warning that national security ... Alaska Airlines door plug incident Jan.

proposed $14.9 billion acquisition of US Steel (X), citing various national security concerns and risks. George Mason University Founder and Executive Director of the National Security Institute ...

US Steel Corporation workers rally outside the company's headquarters in Pittsburgh, Pennsylvania, supporting the takeover by Japan's Nippon Steel, on September 4, 2024. United States Steel warned ...

Gerdau S/A Ord 1.43% R$34.86B ...

CFIUS (pronounced SIFF-ee-yuhs) voiced concerns that the transaction could pose a national security threat to the United States by potentially leading to a decline in American steel production.