Watch CBS News

Biden blocks proposed Japanese takeover of U.S. Steel

Name: Biden blocks proposed Japanese takeover of U.S. Steel
Uploaded: 2025-01-03T10:56:00-0600
Duration: 25 s
Description: Japan's Nippon Steel had said it would protect and grow U.S. Steel by investing nearly $3 billion into its unionized facilities and indicated it would take legal action if the nearly $15 billion deal was rejected.

Japan's Nippon Steel had said it would protect and grow U.S. Steel by investing nearly $3 billion into its unionized facilities and indicated it would take legal action if the nearly $15 billion deal was rejected.