U.S. Steel shares plunge as Biden prepares to block Nippon Steel takeover

U.S. Steel shares plunge as Biden prepares to block Nippon Steel takeover

United States Steel Mon Valley Works Clairton Plant and Clairton Coke Works facility in Clairton Pennsylvania, Monday, September 11, 2023. Thomas O’Neil | Nurphoto | Getty Images U.S. Steel shares tumbled more than 17% on Wednesday as the White House is reportedly preparing to block the company’s planned sale to Japan’s Nippon Steel. People familiar … Read more