insert_link World U.S President Biden blocks major steel takeover Outgoing US President Joseph Biden has officially blocked a Japanese company from buying the United States Steel Corporation, warning that foreign ownership would pose a danger to national security. Nippon Steel, the fourth-largest steelmaker in the world, had bid close to $15 billion to purchase the once-iconic American industrial powerhouse. But that takeover is now on the brink of collapse, as Benji Hyer reports. todayJanuary 6, 2025 9
insert_link Business / Economics Trump vows to stop Nippon takeover of U.S. steel U.S. President-elect Donald Trump says he will block a deal for a Japanese company to acquire U.S. steel. Instead, he insists, his tax and tariff plans will make the U.S. manufacturer strong again by being American-owned. Caroline Malone reports from Washington. todayDecember 4, 2024 17