Biden blocks US Steel takeover by Japan-based Nippon

Domestic steel production is essential to U.S. security, Biden said.

By: ABC News

Jan 07 2025
4
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Biden blocks US Steel takeover by Japan-based Nippon — Biden blocks US Steel takeover

President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national sec… [+1365 chars]

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