Coverage dated September 3, 2024 to September 4, 2024
President Biden prepared to block US Steel purchase by Nippon Steel
Headline from ABC 7 San Francisco
President Joe Biden is prepared to block Japan's Nippon Steel's proposed acquisition of US Steel, two sources familiar with the matter said.
ABC 7 San Francisco's own description from its feed. We collect headlines and these descriptions, not full articles; read the original reporting below.
President Joe Biden is expected to block Japan-based Nippon Steel's proposed $14.9 billion acquisition of Pennsylvania-based U.S. Steel on national security grounds, according to reports.
The decision would be a stunning rejection of a deal proposed by Japan, a US ally, that became a major political controversy ahead of the November election.
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
The decision would be a stunning rejection of a deal proposed by Japan, a U.S. ally, that became a major political controversy ahead of the November election.
President Joe Biden will formally block Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel, the Washington Post reported Wednesday. The newspaper quoted anonymous sources for the article. The proposed acquisition has been under investigation by the Committee on Foreign Investment in the…
U.S. Steel employees are rallying outside of the company headquarters to show support for a deal with Nippon Steel, which sources are saying will be blocked by President Biden.
U.S. Steel's stock plunged as much as 25% amid a report that President Biden will seek to formally block its $14.1 billion deal with Japan's Nippon Steel.
President Joe Biden, Vice President Kamala Harris, former President Donald Trump and his running mate JD Vance disagree on a lot. But there’s at least one thing they’re all united on: opposition to the proposed merger between Japan’s Nippon Steel and the iconic American steelmaker US Steel.
