The White House released an order Friday to prohibit the $14.9 billion sale of US Steel to Japan's Nippon Steel, citing that the deal could “impair the national security of the United States.” ...

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Shares of U.S. Steel sank in intraday trading Friday as President Joe Biden blocked the $14.1 billion sale of the iconic American company to Japan's Nippon Steel. The White House announced the ...

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Biden's order regarding the U.S. Steel purchase by Nippon was later updated with the correct title. The White House also issued a statement from the president explaining his decision to block the ...

Biden’s decision “isn’t about Japan,” White House National Security Council spokesperson John Kirby said in a briefing with reporters Friday. “This is about U.S. steel-making and keeping ...

President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon ... While Biden publicly opposed it, the White House did not make an official announcement on ...

The White House dismissed U.S. Steel's warning that it may have to close steel mills if the deal with Nippon Steel fell through. "The president is confident that domestic steel and domestic steel ...

Update: President Biden announced Friday morning he is blocking the U.S. Steel-Nippon Steel deal "to ... That proposal was submitted to the White House for Mr. Biden's review on Monday.