By Finance Pulse in Stock Market —

US Steel Drops 5% After Biden Blocks Nippon Steel Deal

US Steel shares plunged 5% as President Biden halted Nippon Steel's $14.9 billion takeover, citing political concerns. Discover how this impacts the steel industry.

A graph depicting a downward trend in stock prices, set against a backdrop of US and Japanese flags,
US Steel Drops 5% After Biden Blocks Nippon Steel Deal

US Steel stock fell 5% after Biden blocked Nippon Steel's $14.9 billion takeover, citing political concerns.

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