News Formal

Biden Blocks Nippon Steel's Acquisition of U.S. Steel

  • 📰 AP
  • ⏱ Reading Time:
  • 26 sec. here
  • 7 min. at publisher
  • 📊 Quality Score:
  • News: 31%
  • Publisher: 51%

Business Nachrichten

Economy,Mergers And Acquisitions,Steel Industry

President Joe Biden has rejected the proposed $15 billion deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel, upholding his earlier commitment to prevent the acquisition.

At least 30 people killed by Israeli strikes in Gaza as stalled ceasefire talks set to resumeNew Orleans inches toward normalcy while mourning victims of deadly New Year’s rampageRepublicans' trust in accuracy of US elections jumps after Trump's win, AP-NORC poll findsFreeman and Notre Dame handle 'tough moments' and oust Georgia from CFP with 23-10 win in Sugar BowlBritish rapper Stormzy banned from driving for using phone behind wheel of his Rolls-RoyceStock market today:...

“We need major U.S. companies representing the major share of US steelmaking capacity to keep leading the fight on behalf of America’s national interests,” Biden said in a Friday morning statement.on the possible national security risks of the deal last month, and sent a long-awaited report on the merger to Biden who had 15 days to reach a final decision.Hussein reports on the U.S. Treasury Department for The Associated Press. She covers tax policy, sanctions and any issue that relates to money.

Wir haben diese Nachrichten zusammengefasst, damit Sie sie schnell lesen können. Wenn Sie sich für die Nachrichten interessieren, können Sie den vollständigen Text hier lesen. Weiterlesen:

 /  🏆 728. in AT
 

Vielen Dank für Ihren Kommentar.Ihr Kommentar wird nach Prüfung veröffentlicht.

Österreich Neuesten Nachrichten, Österreich Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Biden Blocks Nippon Steel's Acquisition of U.S. SteelPresident Biden rejected Nippon Steel's bid to acquire U.S. Steel, citing national security concerns. The Committee on Foreign Investment in the United States (CFIUS) feared that the deal could lead to reduced steel production, potentially harming industries vital to national security. Despite strong support from U.S. Steel shareholders, Biden's decision reflects his long-standing opposition to the deal.
Herkunft: NBCPhiladelphia - 🏆 569. / 51 Weiterlesen »

Biden Blocks Nippon Steel's US Steel AcquisitionPresident Biden blocked Nippon Steel's proposed acquisition of U.S. Steel, citing national security concerns. The Committee on Foreign Investment in the United States (CFIUS) was worried that the deal could lead to reduced production capacity at U.S. Steel, potentially causing supply shortages and delays affecting critical industries. Despite U.S. Steel's assurances regarding its headquarters and board composition, Biden ultimately rejected the deal.
Herkunft: NBCLA - 🏆 319. / 59 Weiterlesen »