U.S. Steel Drops 8.2% Amid Biden's Block on Nippon Steel Deal
U.S. Steel shares plunged 8.2% as President Biden officially blocks Nippon Steel's $14.9 billion acquisition. Learn about the impact on the steel industry.
U.S. Steel slid 8.2% after sources said President Joe Biden had decided to officially block Nippon Steel's proposed $14.9 billion purchase of the company.