U.S. blocks Nippon Steel's $15B U.S. Steel acquisition, causing stock dip before recovery.

Nippon Steel's stock initially fell but later recovered after the U.S. blocked its $15 billion acquisition of U.S. Steel. Despite the deal's blockage by President Biden, investors remained optimistic about Nippon Steel's financial health. Shares briefly dropped 2.3% but stabilized, showing confidence in the company's fundraising and overall situation.

3 months ago
116 Articles