Biden to Block Sale of US Steel to Nippon
Mint Chennai|January 04, 2025
President Joe Biden has decided to block the sale of United States Steel Corp. to Japan's Nippon Steel Corp., according to three people with knowledge of the matter, ending a $14.1 billion deal that has faced months of vocal opposition and raising questions over the future of a US industrial giant.
Bloomberg

The White House is planning to announce the decision on Friday, people familiar with the planning added. All requested anonymity given the sensitivity of the matter.

This story is from the January 04, 2025 edition of Mint Chennai.

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This story is from the January 04, 2025 edition of Mint Chennai.

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