Biden Blocks US Steel's $14B Sale to Nippon Steel, Stocks Plunge

Biden's intervention halts US Steel's $14 billion sale to Nippon Steel, leading to a 7% stock drop. Discover the implications of this major decision.

A dramatic illustration showing the US Steel logo being cut by a pair of scissors, symbolizing the b
Biden Blocks US Steel's $14B Sale to Nippon Steel, Stocks Plunge

US Steel's $14 billion sale to Nippon Steel was blocked by Biden, causing a stock drop of more than 7%.

Source