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The president’s announcement is expected as soon as Friday, people familiar with the matter said.
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The New York Times

Jan. 3, 2025, 1:01 a.m. ET

BREAKING NEWS

Lines of empty carts on a railroad with three white U.S. Steel buildings in the background, one with blue writing that says "United States Steel Corporation" on the side.
Kyodo, via Associated Press

Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon

President Biden has decided to block the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement expected as soon as Friday based on grounds that the sale poses a threat to national security, according to people familiar with the matter.

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