The decision to block Nippon Steel could potentially damage relations between the US and Japan, America’s biggest ally in Asia.

President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel — something he had first vowed ...

President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based ...

President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel. This affirms his earlier vow to block the acquisition. (AP Video ...

The move wasn't unexpected despite efforts by the Japanese government to persuade the Biden administration to approve the ...

U.S. Steel fell by more than 6% following reports that President Biden would refuse an offer from Nippon Steel to give the U.S. government veto rights on any plans to change production levels at the ...

The president says the acquisition could threaten national security. Both steel companies say they will fight the decision.

RECAP: Asian stocks rose yesterday, aiming to shrug off a lacklustre start to 2025, while the dollar was steady near a ...

US Steel (NYSE:X) shares settled -6.5% while ADRs of Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF) ended -0.8% on Friday after President Biden officially blocked the proposed merger of the two steel ...

Saying a sale would threaten U.S. security, President Joe Biden blocked a Japanese company’s $15 billion bid to purchase ...

The decision to block U.S. Steel's acquisition by Nippon Steel is the perfect coda to President Joe Biden's political career. By intervening in the ...