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2024-09-26 | Current Affairs

U.S. Steel Arbitration Board Approves Nippon Steel’s USD14.9B Buyout

U.S. Steel announced on Wednesday that an arbitration board has ruled in favor of Nippon Steel’s USD 14.9 billion buyout of the company. However, the United Steelworkers (USW) union has expressed its disagreement with the decision. 

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2024-09-05 | Current Affairs

Biden To Block Nippon Steel’s Acquisition of U.S. Steel

The Biden administration is preparing to announce that President Joe Biden will block Nippon Steel’s USD 14.9 billion acquisition of U.S. Steel due to national security concerns, according to sources familiar with the matter.