Biden blocks Nippon Steel's USD 14.3 billion takeover of US Steel

New York [US], January 4 (ANI): US President Joe Biden announced on Friday his decision to block a USD 14.3 billion acquisition of US Steel by Japan's Nippon Steel, a significant exercise of executive authority towards the end of his administration, CNN reported.

In a statement, Biden emphasised the importance of steel production in the US, saying, "As I have said many times, steel production - and the steel workers who p