Biden moving to block US$14.9B sale of U.S. Steel to Japan’s Nippon: sources – National
The Biden administration is close to announcing it will block Nippon Steel’s acquisition of U.S. Steel, two sources familiar with the situation said on Wednesday, amid growing bipartisan political opposition to the US$14.9 billion deal. The panel that is reviewing the proposed merger for national security reasons has not sent its recommendation to the president,…