President Joe Biden will move Monday to block all future oil and gas drilling across more than ... which accounts for about 14 percent of the country’s crude oil production, according to the ...

U.S. President Joe Biden officially blocked Nippon Steel's proposed $14.9 billion purchase of U.S. Steel on Friday, citing national security concerns, dealing a potentially fatal blow to the ...

This affirms his earlier vow to block the acquisition. (AP Video by Ted Shaffrey, Patrick Aftoora-Orsagos) This is a portion of US Steel’s Edgar Thomson Works in Braddock, Pa., on Sunday, Apr., 28, ...

The committee, chaired by Treasury Secretary Janet Yellen and made up of other Cabinet members, can recommend that the president block a transaction ... producer for $14.9 billion in cash and ...

President Joe Biden officially blocked Nippon Steel’s proposed $14.9 billion purchase of US ... “and it is a fulfillment of that responsibility to block foreign ownership of this vital ...

By Alan Rappeport Reporting from Washington President Biden blocked the $14 billion takeover of U.S ... “And it is a fulfillment of that responsibility to block foreign ownership of this ...

FILE - This is a portion of US Steel's Edgar Thomson Works in Braddock, Pa., on Sunday, Apr., 28, 2024. (AP Photo/Gene J. Puskar, File) ...

"That is why I am taking action to block this deal." The United Steelworkers union quickly welcomed the announcement. "We're grateful for President Biden's willingness to take bold action to ...

Impact Link Shares in US Steel fell on Friday after President Joe Biden blocked a $14 billion takeover by Nippon ... December that the president would block Nippon's takeover bid on national ...

Nippon Steel announced in December 2023 that it planned to buy the steel producer for $14.9 billion in cash and debt, and committed to keep the U.S. Steel name and Pittsburgh headquarters.

President Joe Biden on Friday blocked Nippon Steel’s $14.9 billion takeover bid of U.S. Steel, saying he based his decision primarily on national security concerns. Biden made the expected decision in ...