With Nippon Deal Blocked, What's Next for US Steel?

Key TakeawaysPresident Joe Biden on Friday blocked the proposed $14 billion acquisition of U.S. Steel by Japan's Nippon Steel.The companies in a joint statement vowed to "take all appropriate action to protect [their] legal rights."Ohio-based Cleveland-Cliffs had previously offered to acquire U.S. Steel, a proposal that faced less opposition from both politicians and workers. President Joe Biden on Friday blocked Japanese steel giant Nippon's $14 billion acquisition of U.S. Steel (X), throwing into question ...