U.S. Steel shares drop as fate of Nippon Steel merger appears in doubt
U.S. Steel shares drop as fate of Nippon Steel merger appears in doubt
U.S. Steel's stock plunged as much as 25% amid a report that President Biden will seek to formally block its $14.1 billion deal with Japan's Nippon Steel.
https://www.cbsnews.com/news/u-s-steel-stock-down-nippon-steel-white-house-biden/
![](https://assets2.cbsnewsstatic.com/hub/i/r/2023/12/18/0df3e560-a36d-4c2f-9a63-e7c7913bcb7c/thumbnail/1200x630/1d19038451913e071f603c61cefee6cd/gettyimages-1234265085.jpg?v=631cf5f2b4e8db7f9bc428589402864d)
U.S. Steel's stock plunged as much as 25% amid a report that President Biden will seek to formally block its $14.1 billion deal with Japan's Nippon Steel.
https://www.cbsnews.com/news/u-s-steel-stock-down-nippon-steel-white-house-biden/