Biden plans to formally block Nippon Steel's purchase of US Steel, Bloomberg News reports-March 2024-www.financetom.com

Biden plans to formally block Nippon Steel's purchase of US Steel, Bloomberg News reports

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Biden plans to formally block Nippon Steel's purchase of US Steel, Bloomberg News reports

Dec 10, 2024 12:53 PM

Dec 10 (Reuters) - U.S. President Joe Biden plans to

formally block Japanese firm Nippon Steel's ( NISTF ) $14.1

billion purchase of United States Steel Corp ( X ) on national

security grounds once the deal is referred to him later this

month, Bloomberg News reported on Tuesday, citing people

familiar with the matter.

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