A water tower at the U.S. Steel Corp. Edgar Thomson Works steel mill in Braddock, Pennsylvania, on Sept. 4, 2024.
Justin Merriman | Bloomberg | Getty Images
President Joe Biden has officially blocked U.S. Steel‘s $14.9 billion acquisition by Japan’s Nippon Steel, citing national security concerns.
U.S. Steel’s stock dropped by nearly 8% in premarket trading Friday following the president’s announcement.
This is breaking news. Please refresh for updates.
