Biden said a White House committee of national security and trade experts determined that Nippon Steel’s purchase of U.S. Steel would create risks for both the supply chain and national security.
U.S. Steel (X) has an impressive earnings surprise history and currently possesses the right combination of the two key ingredients for a likely beat in its next quarterly report. The hearing for ...
President Biden's decision to block Nippon Steel's proposed acquisition of U.S. Steel for $14 billion was based on national security concerns – a rationale that has sparked pushback Biden ...
By Alan Rappeport and Lauren Hirsch A powerful U.S. national security committee was unable to reach a conclusive decision about whether Japan’s Nippon Steel should be allowed to buy U.S. Steel ...
A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U.S. Steel ...
On Friday, Steelworkers President David McCall said the union is grateful for Biden’s move to block the sale and called it the “right move for our members and our national security.” McCall had long ...
“The transaction between U.S. Steel and Nippon Steel enhances U.S. national and economic security through investment in manufacturing and innovation – by a company based in one of the United ...
On Jan. 3, President Joe Biden quashed the deal, citing national security concerns. "This acquisition would place one of America's largest steel producers under foreign control and create risk for ...