Published 09/04/2024 5:50:32 p.m.

Biden preparing to block Nippon Steel purchase of U.S. Steel

The White House is indicating it may block Nippon Steel’s acquisition of U.S. Steel as the government review is nearing completion.
President Joe Biden opposes the merger, supporting the United Steelworkers union and emphasizing the importance of strong American steel companies.
U.S. Steel reported it has not received any updates regarding the Committee on Foreign Investment in the United States process.

Insights by Ground AI

Does this summary seem wrong?

0 Articles

All

Left

Center

Right

BBC News

US plans to block Nippon Steel takeover of US Steel

The controversial move comes during a heated election year in the US.

09/05/2024 1:04:10 a.m.·United Kingdom

Read Full Article

CTV News

White House signalling it will likely stop Nippon Steel's plans to buy U.S. Steel

The White House is signalling an openness to blocking the acquisition of U.S. Steel by Nippon Steel, as a government review of the proposed takeover by the Japanese company is on the cusp of ending.

09/04/2024 7:52:00 p.m.·Canada

Read Full Article

Reuters

Biden preparing to block Nippon's US Steel takeover, Washington Post reports

U.S. President Joe Biden is preparing to block Nippon Steel's acquisition of U.S. Steel, the Washington Post reported on Wednesday, citing three unnamed sources.

09/04/2024 5:50:32 p.m.·United Kingdom

Read Full Article

Associated Press News

White House signaling it will likely stop Nippon Steel's plans to buy US Steel

The White House is signaling an openness to formally blocking the acquisition of U.S. Steel by Nippon Steel, as a government review of the proposed takeover by the Japanese company

09/04/2024 7:25:35 p.m.·United States

Read Full Article

Global News

Biden moving to block US$14.9B sale of U.S. Steel to Japan’s Nippon: sources - National

Nippon's planned US$14.9 billion acquisition has received all regulatory approvals from outside the United States and a green light from U.S. Steel's shareholders.

09/04/2024 7:28:35 p.m.·Toronto, Canada

Read Full Article

abc News

White House signaling it will likely stop Nippon Steel's plans to buy US Steel

The White House is signaling an openness to formally blocking the acquisition of U.S. Steel by Nippon Steel, as a government review of the proposed takeover by the Japanese company is on the cusp of ending

09/04/2024 7:25:34 p.m.·United States

Read Full Article

Think freely.Subscribe and get full access to Ground NewsSubscriptions start at $9.99/year