Nippon says U.S. Steel deal will enhance U.S. national security

WASHINGTON, DC - U.S. President Joe Biden who has raised concerned about the proposed acquisition of U.S. Steel by Japan's Nippon Steel, is working on blocking the deal, according to a report published by Reuters on Wednesday.

The $14.9 billion acquisition is seen as essential for the ongoing viability of the 122-year old steelmaker.

The company said Wednesday if the deal did not proceed, thousands of jobs