United States Steel Corp. surged the most this year after The Washington Post reported that President Joe Biden wouldn’t immediately move to block Nippon Steel Corp.’s takeover bid.

United States Steel Corp. surged the most this year after the Washington Post reported President Joe Biden wouldn’t immediately move to block Nippon Steel Corp.’s takeover bid.

The US government will have veto power over key decisions relating to US Steel, as part of a deal with Nippon Steel that would approve the Japanese firm’s bid for the well-known American steel ...

Biden’s decision to block Nippon Steel takeover creates uncertainty for US Steel workers Paul Wiseman and Marc Levy Associated Press Jan 5, 2025 ...

White House officials are signaling that President Biden will not imminently move to block Nippon Steel’s bid to acquire US Steel amid mounting concerns over the political and economic ...

But, it said, it remains concerned that U.S. Steel is a critical producer in a critical domestic industry and that Nippon Steel is a foreign corporation with a long track record of violating U.S ...

President Trump holds a veto power on specific matters and has the right to appoint an independent director as part of the Nippon Steel takeover.

President Joe Biden is preparing to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp., according to people familiar with the matter.

Nippon Steel was standing firm on its proposed $15 billion acquisition of U.S. Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker ...

President Biden will decide on the acquisition of US Steel by Japan's Nippon Steel after the matter was deadlocked by the Committee on Foreign Investment in the United States.

United States Steel Corp. shares rose Monday after cable financial news channel CNBC reported that Cleveland-Cliffs Inc. and Nucor Corp. are considering a takeover bid of the American steelmaker.

Reuters. The U.S. Steel Corporation facility entry gate is seen in Gary, Indiana, U.S., on October 15, 2018. Picture taken on October 15, 2018. REUTERS/Rajesh Singh/File Photo ...