Category Archives: WBAP 24/7 News

Biden Blocks $14 Billion Acquisition Of US Steel By Japan’s Nippon Steel

Biden Blocks $14 Billion Acquisition Of US Steel By Japan’s Nippon Steel

WASHINGTON (AP) — President Joe Biden has blocked the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel. This affirms his earlier vow to block the acquisition. In a Friday statement, Biden said, “We need major U.S. companies representing the major share of US steelmaking capacity to keep leading…MORE