Why U.S. Steel Stock Melted This Week

The White House has come out against Nippon Steel's planned $15 billion acquisition of United States Steel (X -1.40%), and investors are worried about what that means for the deal. Shares of the target are down 15% for the week as of midday Thursday, according to data provided by S&P Global Market Intelligence,The problem with big deals in election yearsU.S. Steel, owner of some of the nation's largest steelmaking facilities, was put in play last year after receiving an unsolicited offer from Cleveland-Clif ...