US President Joe Biden has blocked Nippon Steel’s proposed purchase of US Steel, a historic American company. The move comes after months of opposition to the deal, which was seen as a threat to national security and democracy. The decision leaves the future of the once-iconic US Steel in uncertainty, adding to a year of political and economic drama that has engulfed the country.
Source: https://www.washingtonpost.com/business/2025/01/02/biden-blocks-nippon-us-steel-deal