US President Joe Biden has blocked the takeover of US Steel by a bigger Japanese firm, delivering on a political promise despite fears the move could hurt Washington's relations with Tokyo and scare off other foreign investors.

Breaking News: President Biden has decided to block the $14 billion takeover of U.S. Steel by Nippon Steel of Japan, people familiar with the matter said.

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-- The New York Times (@nytimes.com) January 3, 2025 at 12:37 AM

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