WASHINGTON (Reuters) - The Biden administration told Nippon Steel in a letter on Saturday its $14.9 billion acquisition of U.S. Steel would pose a national security risk by harming the American steel industry, three people said, adding to evidence the U.S. is poised to block it. The deal faces opposition from numerous Democrats and Republicans, with Vice President and Democratic...

TOKYO (Reuters) - Shares of Nippon Steel climbed on Thursday, outperforming the wider Nikkei index, after the news that the White House was looking to block the company's $15 billion bid for its peer U.S. Steel. Sources told Reuters on Wednesday U.S. President Joe Biden was close to blocking Nippon Steel's takeover of U.S. Steel on national security risks, amid...

Sept 5 (Reuters) - Vaxcyte ( PCVX ), a clinical-stage vaccine developer, will raise $1.3 billion in gross proceeds by selling common stock and warrants, it said late on Wednesday, a day after its shares surged to a record high on promising results in a vaccine trial. The company said it would sell 10.2 million shares at $103 each and...

SAO PAULO (Reuters) - General Motors ( GM ) said on Wednesday that it would begin producing its first-ever hybrid-flex vehicles that can run on 100% ethanol or gasoline alongside their batteries in Brazil. Rival automakers Stellantis and Honda have also announced plans this year to launch hybrid-flex vehicles in the South American country, where most cars can run on...