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US Steel Shares Melt Down After Biden Reportedly Prepares To Block Deal With Japan's Nippon
US Steel Shares Melt Down After Biden Reportedly Prepares To Block Deal With Japan's Nippon Update (1433ET): Shares of US Steel in New York crashed around 1343 ET after a Washington Post report, citing three people familiar with the matter, revealed that President Biden intends to formally block Nippon Steel's proposed $14.9 billion deal with the Pittsburgh-based steelmaker.  Shares crashed 21% to the $27 handle, erasing all gains made in late 2023 after Japan's largest ste
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