Biden Blocks $15 Billion Nippon Steel-U.S. Steel Deal
President Biden halts Nippon Steel's $15 billion takeover of U.S. Steel citing national security, despite a $2.7 billion investment promise. Explore the implications.
President Biden blocked a $15 billion takeover of U.S. Steel by Nippon Steel due to national security concerns, despite the Japanese company’s promise to invest $2.7 billion in U.S. Steel’s operations and maintain production capacity for a decade.