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Biden officially blocks Nippon's takeover bid of US steel

Biden officially blocks Nippon's takeover bid of US steel

Brigg Macadam LTD founding partner Greg Swenson reacts to Biden blocking Nippon from taking over U.S. steel and shares his 'positive' market outlook for 2025.

Youtube | 11 months ago
Biden blocks Japan's $14 billion takeover of US Steel on national security grounds

Biden blocks Japan's $14 billion takeover of US Steel on national security grounds

President Joe Biden blocked the $14 billion takeover of US Steel by a Japanese rival. The deal would create "risk for our national security and our critical supply chains," the president said.

Businessinsider | 11 months ago
Biden Blocks Sale of US Steel to Nippon

Biden Blocks Sale of US Steel to Nippon

President Joe Biden has blocked the sale of United States Steel Corp. to Nippon Steel. The deal would haven been worth $14.1 billion.

Youtube | 11 months ago
Biden Blocks $15 Billion Sale Of U.S. Steel To Japanese Company Nippon—Shares Tumble

Biden Blocks $15 Billion Sale Of U.S. Steel To Japanese Company Nippon—Shares Tumble

President Joe Biden has officially killed the contentious sale of U.S. Steel to its Japanese rival Nippon Steel, striking down a $14.9 billion deal announced in 2023 and propelling shares of the American metal company downward.

Forbes | 11 months ago
Biden to block $14.9B US Steel sale to Japanese buyer: report

Biden to block $14.9B US Steel sale to Japanese buyer: report

The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach a consensus.

Nypost | 11 months ago
Biden to reveal decision on US Steel acquisition as early as Friday, CBS News reports

Biden to reveal decision on US Steel acquisition as early as Friday, CBS News reports

U.S. President Joe Biden is likely to announce a decision as soon as Friday on whether he will approve Japan's Nippon Steel's acquisition of U.S. Steel , CBS News reported late on Thursday, citing people familiar with the process.

Reuters | 11 months ago
U.S. Steel (X) Surges 9.5%: Is This an Indication of Further Gains?

U.S. Steel (X) Surges 9.5%: Is This an Indication of Further Gains?

U.S. Steel (X) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might not help the stock continue moving higher in the near term.

Zacks | 11 months ago
Why United States Steel Stock Crushed the Market Today

Why United States Steel Stock Crushed the Market Today

A dramatic improvement in the prospects for United States Steel (X 9.54%) being sold to a foreign buyer led to a rally in the stock on the last trading day of the year. The storied industrial stock closed Tuesday nearly 10% higher in price on the back of the news.

Fool | 11 months ago
If US Steel deal is blocked, our economy would be harmed, expert says

If US Steel deal is blocked, our economy would be harmed, expert says

The Heritage Foundation research fellow Joel Griffith discusses reviving the steel industry on 'The Bottom Line.'

Youtube | 11 months ago
Biden to Decide on US Steel Takeover After Panel Deadlocks

Biden to Decide on US Steel Takeover After Panel Deadlocks

Nippon Steel's proposed $12.3 billion acquisition of US Steel moved a step closer to being blocked after a US national security panel deadlocked on its review and left the final decision with President Joe Biden, who has repeatedly indicated his opposition to the deal. Bloomberg's John Harney joins Bloomberg's Vonnie Quinn and Sonali Basak to discuss on "Bloomberg Markets.

Youtube | 11 months ago
US Steel Sale to Nippon Looks Dead. CFIUS Won't Decide If It's a Security Risk.

US Steel Sale to Nippon Looks Dead. CFIUS Won't Decide If It's a Security Risk.

A committee charged with judge National security concerns from foreign investment couldn't decide if Japan was a friend or foe.

Barrons | 11 months ago
U.S. Steel's Existence Is Dangerously Threatened By Politics

U.S. Steel's Existence Is Dangerously Threatened By Politics

Never turn down capital when it's offered to you. The previous axiom is easily as old as business.

Forbes | 11 months ago
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