President Biden to block sale of US Steel to Nippon Steel

President Biden is blocking the proposed $14 billion acquisition of U.S. Steel by Nippon Steel.
"A strong domestically owned and operated steel industry represents an essential national security priority and is critical for resilient supply chains.  That is because steel powers our country: our infrastructure, our auto industry, and our defense industrial base. Without domestic steel production and domestic steel workers, our nation is less strong and less secure", Biden stated on Friday.