07:52 AM EST, 12/11/2024 (MT Newswires) -- President Joe Biden will wait to see the results of an ongoing national security review of Nippon Steel's bid to acquire US Steel (X) before deciding whether to block it, Reuters reported Wednesday, citing a statement from the White House.

Reuters reported a White House spokesperson as saying that Biden still opposes the deal.

US Steel did not immediately reply to a request for comment from MT Newswires.

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