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White House officials are signaling that President Joe Biden will not imminently move to block Nippon Steel’s bid to acquire U.S. Steel amid mounting concerns over the political and economic consequences of nixing the deal.

wikipedia

Reuters

United Kingdom

White House officials signal delay in U.S. Steel takeover decision, Washington Post reports

White House officials have signaled a delay in taking a decision regarding the takeover of U.S. Steel by Japan's Nippon Steel , the Washington Post reported on Friday.

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President Joe Biden has voiced his opposition to Nippon Steel buying U.S. Steel, but the federal government appears to be in no hurry to block the deal

abc News

The Walt Disney Company

United States

Biden administration appears to be in no rush to stop U.S. Steel takeover by Nippon Steel

White House officials have indicated that a decision to block the Nippon purchase of U.S. Steel is unlikely in the short term and may not come until after the 2024 presidential election, after vocal opposition to the idea of blocking the deal.

The Washington Post

Jeff Bezos

White House officials signal delay in U.S. Steel takeover decision

Shares of U.S. Steel have risen by more than 12% over the past two days of trading, as investors grew more optimistic that the deal would survive.

Portland Press Herald

MaineToday Media

Portland

Cumberland County

Maine

"White House officials are signaling that President Joe Biden will not imminently move to block Nippon Steel’s bid to acquire U.S. Steel amid mounting concerns over the political and economic consequences of nixing the deal," the Washington Post reports.

Political Wire

Goddard Media LLC

New York

White House Delays Decision on U.S. Steel

U.S. Steel Corp.’s stock jumped on Wednesday afternoon following a report that President Joe Biden will not move imminently to block the takeover of the iconic American company by Japan’s Nippon Steel.

MarketWatch

Murdoch family

U.S. Steel’s stock rises after report Biden won’t block takeover by Nippon anytime soon

The Committee on Foreign Investment in the United States is reviewing Nippon Steel Corp.’s proposal to buy U.S. Steel.

Pittsburgh Post-Gazette

Block Communications

Pittsburgh

Allegheny County

Pennsylvania

White House says U.S. Steel decision is not imminent

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Mortimer Zuckerman

White House Officials Signal Delay in U.S. Steel Takeover Decision, Washington Post Reports

$X WHITE HOUSE OFFICIALS SIGNAL DELAY IN U.S. STEEL TAKEOVER DECISION – WAPO The post 📰 $X  WHITE HOUSE OFFICIALS SIGNAL DELAY IN U.S. STEEL TAKEOVER DECISION – WAPO appeared first on FrankTrades.com | Stock Market News, Stock Options Flow, Dark Pool, Product Reviews & more!.

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📰 $X  WHITE HOUSE OFFICIALS SIGNAL DELAY IN U.S. STEEL TAKEOVER DECISION - WAPO - FrankTrades.com | Stock Market News, Stock Options Flow, Dark Pool, Product Reviews & more!

WASHINGTON (AP) — President Joe Biden has voiced his opposition to Nippon Steel buying U.S. Steel, but the federal government appears to be in no hurry to block the deal. White House officials earlier this month did not deny that the president would formally block the acquisition. But the necessary report from the government’s Committee on Foreign Investment in the United States has yet to be submitted to the White House. “It’s their process — i…

Market Research Correspondent

Biden administration appears to be in no rush to stop U.S. Steel takeover by Nippon Steel - Market Research Correspondent

White House officials signal delay in U.S. Steel takeover decision

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