Biden Set to Halt Nippon Steel's U.S. Steel Acquisition

President Joe Biden is planning to stop Nippon Steel from acquiring U.S. Steel, according to unnamed sources cited by The Washington Post. The exact timing of Biden's intervention has not been disclosed.

President Joe Biden is preparing to block Nippon Steel's acquisition of U.S. Steel, according to a report by The Washington Post on Wednesday, which cited three unnamed sources.

The report did not provide details on the exact timing of Biden's expected action.

(With inputs from agencies.)