Biden blocks $15B Nippon-U.S. Steel deal; Gary mayor warns of possible job losses
GARY, Ind. - Nippon Steel Corp. of Japan and U.S. Steel announced plans to pursue legal action after President Joe Biden blocked their nearly $15 billion acquisition agreement. The president followed through on a vow he made in March to prevent Nippon Steel’s purchase of U.S. Steel, one of the nation’s largest steel producers.