Biden cites national security as he blocks Nippon Steel’s $15 billion purchase of U.S. Steel

President Joe Biden has blocked Nippon Steel’s $15 billion acquisition of U.S. Steel (X), citing potential risks to national security from placing one of the U.S.’s biggest steel companies under foreign control.

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​President Joe Biden has blocked Nippon Steel’s $15 billion acquisition of U.S. Steel (X), citing potential risks to national security from placing one of the U.S.’s biggest steel companies under foreign control.Read more…