President Biden Decides to Block Nippon Steel's Acquisition of U.S. Steel, Washington Post Reports

Dow Jones

Jan 03, 2025

--President Joe Biden has decided to block Nippon Steel's planned acquisition of United States Steel, Washington Post reported late Thursday, citing unnamed sources.

--Biden chose to block the acquisition despite efforts by some of his senior advisers to sway him in recent days, the Post report said.

--An announcement on the decision from the White House is planned as soon as Friday, the Post report said.

Full story: https://www.washingtonpost.com/business/2025/01/02/biden-blocks-nippon-us-steel-deal/

Write to Kosaku Narioka at kosaku.narioka@wsj.com

(END) Dow Jones Newswires

January 03, 2025 00:05 ET (05:05 GMT)

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