White House likely to stop Nippon Steel's plans to buy US Steel
WASHINGTON, D.C.: The White House is reportedly considering blocking Nippon Steel's proposed acquisition of U.S. Steel as a review by the Committee on Foreign Investment in the United States (CFIUS) nears its conclusion.
According to The Washington Post, President Joe Biden is expected to halt the deal, aligning with his previous objections in support of the United Steelworkers union, which opposes the acquisit