Biden may block Nippon Steel's $15B U.S. Steel acquisition over national security concerns.

U.S. President Joe Biden is expected to block Nippon Steel's proposed $15B acquisition of U.S. Steel, citing national security concerns. The decision will come after the deal is reviewed by a national security panel, which must present its findings to Biden by December 22 or 23. White House spokesperson Karine Jean-Pierre did not comment on Biden's intentions during a recent press briefing.

3 months ago
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