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​A logo of Nippon Steel is pictured in Chiyoda Ward, Tokyo on March 15, 2024. US President Joe Biden opposed planned sale of U.S. Steel to Nippon Steel, a Japanese Firm, on March 14th.
What We're Watching

Biden expected to block Nippon Steel deal, citing national security

President Biden is expected to block Nippon Steel's $14 billion acquisition of US Steel on national security grounds, with his decision expected as early as Friday.

​US President Joe Biden speaks to members of the media on the South Lawn of the White House after arriving on Marine One in Washington, DC, US, on Monday, Sept. 2, 2024.
What We're Watching

Report: Biden set to reject US Steel deal

The Washington Post reported Wednesday that President Joe Biden intends to block Nippon Steel’s proposed acquisition of US Steel, which had become a potential political sticking point in the November election.

Australian Prime Minister Anthony Albanese and New South Wales Premier Chris Minns join other politicians as they lay flowers at the scene of Saturday's mass stabbing at Bondi Junction, Sydney, Australia April 14, 2024.
Hard Numbers

Hard numbers: Sydney stabbing, Pricey Pakistan, US Steel deal, Costco gold rush

Thick plates of steel for use in construction and ship building are hot-rolled by machinery at the Nippon Steel Corp. Kimitsu steel mill in Kimitsu, Japan near Tokyo February 6, 2008.
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Biden slams Nippon Steel deal — but Tokyo plays it cool

US President Joe Biden on Thursday came out against Japan’s largest steel producer acquiring Pittsburgh-based US Steel, saying America must “maintain strong American steel companies powered by American steelworkers.”

An entrance to the U.S. Steel Great Lakes Works plant is seen in Ecorse, Michigan, U.S., September 24, 2019. Picture taken September 24, 2019.
What We're Watching

Nippon Steel’s US deal may be good business, but it’s bad politics

The Global Business Alliance, a group of multinational corporations, is urging the Biden administration to keep politics out of any national security review of Nippon Steel’s offer to buy U.S. Steel — but politics is precisely the problem.