Breaking news: Biden plans to block takeover bid of U.S. Steel by Japan’s Nippon

The president's announcement is expected as soon as Friday, people familiar with the matter said.

View in browser Jan. 3, 2025, 1:01 a.m. ET BREAKING NEWS Kyodo, via Associated Press Biden Plans to Block Takeover Bid of U.S. Steel by Japan's Nippon President Biden has decided to block the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement expected as soon as Friday based on grounds that the sale poses a threat to national security, according to people familiar with the matter. Read more Need help? Review our newsletter help page or contact us for assistance. You received this email because you signed up for Breaking News from The New York Times. To stop receiving Breaking News, unsubscribe. To opt out of other promotional emails from The Times, including those regarding The Athletic, manage your email settings. To opt out of updates and offers sent from The Athletic, submit a request. Subscribe to The TimesGet The New York Times app Connect with us on: Change Your EmailPrivacy PolicyContact UsCalifornia Notices The New York Times Company. 620 Eighth Avenue New York, NY 10018