Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday. U.S. Steel shares X fell 6% ...
President Biden announced Friday that he is blocking the $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel after a government panel recently failed to reach consensus on the possible ...
The panel reviews the effect transactions may have on national security. U.S. Steel has operated out of Pittsburgh since 1901 and is the nation's second-largest steel manufacturer. U.S. Steel ...
(That U.S. Steel is headquartered in Pennsylvania, a crucial election battleground state, escaped no one’s notice.) Last month, the federal government panel, known as CFIUS, that reviewed the ...
United States President Joe Biden has decided to block the proposed takeover of US Steel by Japan’s Nippon Steel, US media has reported. Biden is expected to announce his decision to scuttle the ...
KoBold Metals, a US company backed by Bill Gates, raised $537 million in equity funding to boost exploration of minerals critical to the energy transition. The funding round valued KoBold at $2.96 ...
To explain this policy over the past two years, including this month’s announcement, the administration repeatedly turned to one metaphor: a small yard with a high fence. It means that sensitive ...