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An Allegheny County at-large councilman, Sam DeMarco, who is a Republican, is for the sale to Nippon, telling the Washington Examiner that he is very disappointed to see Mr. Biden block the Nippon ...
Also, the impact of President Biden blocking the sale of U.S. Steel to a Japanese company.
READ THE FULL WHITE HOUSE STATEMENTBiden continues to state that his decision to block the sale was made to level the playing field "for American steelworkers and steel producers by tripling ...
The move nevertheless enjoyed rare bipartisan agreement, with Republican President-elect Donald Trump and incoming vice president JD Vance also campaigning against the sale. "This acquisition ...
WASHINGTON-US President Joe Biden on Jan 3 followed through on his pledge to block Nippon Steel’s US$14.9 billion (S$20.4 billion) bid for US Steel, citing concerns the deal could hurt national ...
This affirms his earlier vow to block the acquisition. (AP Video by Ted Shaffrey, Patrick Aftoora-Orsagos) This is a portion of US Steel’s Edgar Thomson Works in Braddock, Pa., on Sunday, Apr., 28, ...
Biden announced last year that he opposed the sale to Japan’s Nippon Steel ... The decision to block the deal rested solely in Biden’s hands after an interagency panel known as the Committee ...
“and it is a fulfillment of that responsibility to block foreign ownership of this vital American company.” US Steel shares plunged more than 6% on Friday. The stock has fallen 36% over the ...
President Biden has announced he will block the sale of U.S. Steel to Japanese-owned Nippon Steel, saying the acquisition would “create risk for our national security and our critical supply ...