Biden preparing to block U.S. Steel sale to Japanese company

Published: Sep 04, 2024 Duration: 00:00:26 Category: News & Politics
Tags : US Steel nippon steel
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President Joe Biden is set to block Nippon Steels  proposed $14.9 billion acquisition of U.S. Steel,   citing national security concerns as the deal  becomes a focal point in the presidential   campaign. The historic American firm agreed to be  purchased by the Japanese-owned conglomerate for   evolution in an increasingly competitive global  market but faces opposition from Biden and Trump,   potentially impacting thousands of union jobs  and political repercussions in Pennsylvania.

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That's generation new generation. absolutely. next. thanks so much. >> us steel shares taking a tumble on wednesday on the heels of a report that the biden administration. >> it's expected to block its sale to a japanese buyer stocks dropping by more than 17% over the news. the white house... Read more

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