From Washington: President Biden Blocks Steel Deal
In his final days in office, President Joe Biden blocked a $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel. Last March, the President expressed his disapproval of a foreign company purchasing an American business, emphasizing the importance of keeping it a U.S. company. The White House remains firm in its decision, stating that the choice is primarily focused on defense and supply chain considerations. Bob Tita, a reporter covering the manufacturing and metals industries for The Wall Street Journal... Читать дальше...