President Joe Biden will soon block Japan-based Nippon Steel’s planned $14.9 billion takeover of U.S. Steel, according to multiple outlets, sending the 123-year-old American company’s stock reeling ...

Domestic steel production is essential to U.S. security, Biden said. President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, ...

President Joe Biden on Friday invoked a rarely-used presidential power to prevent the Japanese steel giant Nippon Steel from purchasing the United States Steel Corporation, citing the $14.1 billion ...

President Biden on Friday is expected to block Japan's Nippon Steel from acquiring U.S. Steel, citing national security concerns, the White House announced Friday. Why it matters: U.S. Steel's shares ...

President Biden is blocking the $14.9 billion takeover of U.S. Steel by Japan's Nippon, citing national security concerns. Biden said in a statement that domestic ownership and control of steelmaking ...

Journal Editorial Report: Nippon Steel would have helped U.S. workers Photo: Brendan Smialowski/Agence France-Presse/Getty Images President Biden’s order on Friday blocking Nippon Steel’s acquisition ...

WASHINGTON (AP) — Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based ...

WASHINGTON − President Joe Biden on Friday blocked the sale of U.S. Steel to a Japanese buyer in an extraordinary use of presidential power he said protects an American industry vital to national ...

The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year. By Alan ...

WASHINGTON — Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based ...