Joe Biden's Shocking Decision to Block the Nippon Steel Deal
It was not shocking that the Committee on Foreign Investment in the United States sought to defer a decision on Nippon Steel’s $14 billion offer to acquire Pennsylvania’s U.S. Steel until after the November 5 presidential election.
‘A very bad signal’: What Biden’s U.S. Steel deal block means for foreign investment
“President Biden claiming Japan’s investment in an American steel company is a threat to national security is a pathetic and craven cave to special interests that will make America less prosperous and safe,” Furman wrote on X, the social media platform formerly known as Twitter. “I’m sorry to see him betraying our allies while abusing the law.”
Biden to block U.S. Steel sale to Japanese buyer, Washington Post reports
U.S. President Joe Biden has decided to officially block Nippon Steel's proposed purchase of U.S. Steel, the Washington Post reported, citing two administration officials who were not authorized to speak publicly about the matter.
What's next after Biden blocked the Nippon Steel/US Steel deal?
If the deal does not go through, Nippon Steel would have to pay a US$565 million break-up fee. Read more at straitstimes.com.
Opinion
It’s not too late to approve the Nippon Steel deal
The Nippon Steel acquisition is more than a simple transaction; it is a strategic investment in America’s future. Let’s not let politics or misplaced fears turn it into a missed opportunity.
Biden kills U.S. Steel deal; what Trump said and what it means for Pennsylvania
U.S. Steel employs thousands across its plants and offices in Pennsylvania and the state has about 10% of the nation’s steelworkers.
Biden blocks US Steel sale to Japanese competitor
President Joe Biden formally blocked a proposed $14.9 billion takeover of U.S. Steel by a Japanese company, the White House announced Friday. “It is my solemn responsibility as President to ensure that,
Biden Rejects Nippon Steel's Proposed Deal to Acquire US Steel
President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel
Biden blocks Japanese takeover of U.S. Steel
President Biden is blocking the proposed $14 billion acquisition of U.S. Steel by Nippon Steel. Fox - 10 Phoenix Fox - 10 Phoenix
Companies signal court fight ahead after Biden blocks U.S. Steel sale
The move comes after a year of political and economic drama. It leaves the future of the once-iconic American business in doubt.
Biden's rejection of U.S. Steel-Nippon Steel deal may spell demise of steelmaking in Mon Valley, officials say
United Steelworkers leadership praised Biden's decision while others fear it may end steelmaking in Western Pennsylvania.
Rise of US Steel paralleled the arrival of the United States on the world stage
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel on Friday — something he had ...
National Security Committee Forgoes Decision on U.S. Steel Acquisition
The Committee on Foreign Investment in the United States kicked a decision over the merger with Japan’s Nippon Steel to ...
Japanese buyer sends Biden new U.S. Steel proposal in final bid for support
Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction ...
Biden will decide on U.S. Steel-Nippon Steel deal after panel fails to reach consensus on national security risk
A government panel has failed to reach consensus on the possible national security risks of a nearly $15 billion proposed ...
The Times of Northwest Indiana11d
Committee split on Nippon Steel acquisition of U.S. Steel, now up to president to decide
The Committee on Foreign Investment in the United States is reportedly split on whether Nippon Steel's $14.9 billion ...
Why United States Steel Stock Crushed the Market Today
A dramatic improvement in the prospects for United States Steel (NYSE: X) being sold to a foreign buyer led to a rally in the ...
U.S. Steel decision now in Biden's hands
The U.S. Steel saga, which has gone on since August 2023, is apparently nearing its end game with a decision by President ...