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Is this nuts?Bitcoin price all-time high hindered by macroeconomic fearsThe Undercurrent at the WorldPride Parade in D.C.iOS 19: All the rumored changes Apple could be bringing to its new operating system2025 US Open Golf Schedule; TV Broadcast, and more‘Hamas has Defeated Us’ – Ret. Israeli Maj. Gen. Brik Speaks of ‘Collective Suicide’Trump’s new travel ban set to take effect amid escalating tension over immigration enforcementSkydiving Plane Crashes in Tennessee, Wreckage Scattered, Victims CriticalMariah Carey’s ‘Type Dangerous’ Voted This Week’s Favorite New MusicTom Felton Thought Draco Malfoy Role in Cursed Child Was a PrankECB’s Nagel: I believe that we can now take the time to look at the situationApple’s WWDC is a chance to change investors’ minds. 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Now she refuses to get a roommate.New Jersey The Next Crypto Election For GovernorTrump’s travel ban fuels anxiety in South Africa, even though it’s not on the listWhy are Elon Musk and Donald Trump fighting?Aaron Rodgers’ Stats Breakdown: What the New Steelers QB Brings to PittsburghBeirut Suburbs Targeted as Israel Launches New Wave of StrikesDOJ seeks to confiscate $7.7 million in crypto allegedly stolen by North Korean IT workersAnimal-Rights Activist Says Politicians Turning Blind Eye to Dogs on Skid Row11 Trailblazing Achievements by African ArtistsBilly Joel’s Ex Elizabeth Weber on Brain Disorder DiagnosisWhat is the People’s Bank of China planning?Jack Daniel’s parent sees weight-loss drugs, cannabis hurting liquor salesArca exec writes scathing letter to Circle post-IPOTrump’s Big Beautiful Bill Could Be On The Verge Of CollapseiOS 19: All the rumored changes Apple could be bringing to its new operating systemPrintable 2025 Houston Texans Schedule; Matchups and TV BroadcastsWashington Stands Alone as It Vetoes Gaza Ceasefire ResolutionAmazon to inject $10 billion into rural North Carolina for data center and AI campusPete Hegseth’s Reason for Renaming USNS Harvey Milk Is Homophobic, Harvey Levin SaysMusicians on OnlyFans: 10 Stars Who’ve JoinedTom Brady Breaks Strict Diet With Pizza OutingSaudi Arabia pushing OPEC+ for a faster pace of oil production increases in coming monthsCostco’s monthly sales growth continues to easeUS Senate to consider Trump’s pick for CFTC chair
Fri. Jun 13th, 2025 5:30:09 AM

Biden prepares to block Nippon Steel acquisition of U.S. Steel – report

  • Forex
  • September 4, 2024


US President Joe Biden is preparing to block the Nippon Steel acquisition of U.S. Steel, sources tell the Washington Post.

Shares of US Steel (X) fell about 6% before being halted.

President Joe Biden is preparing to announce that he will formally block
Nippon Steel’s proposed $14.9 billion acquisition of U.S. Steel,
according to three people with knowledge of the matter, who spoke on the
condition of anonymity to describe a matter not yet made public.

It’s not clear exactly how Biden could block a deal but shares traded at $22 before the takeover rumors started a year ago. Fellow steel companies are down around 25% since that time as well, so it could be a quick trip to $16 or lower.

This looks like a volatility halt, not news pending so it should resume trading soon.

The question now is how Japan responds.



    • gonews

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