
Biden Blocks US Steel Sale to Japan's Nippon Steel
This is Beirut, 04/01 09:20 - Reading : 4 minute(s)
US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal for the Japanese company to buy its American rival. Biden cited a strategic need to protect domestic industry -- but the move drew sharp criticism from both companies. The decision came after a government panel failed to ...