World: His decision could come as soon as Friday, despite the concerns of some of his senior advisers that it could hurt ties with key Asian ally Tokyo.

US President Biden to block US Steel sale to Japan's Nippon Steel, says source

Shares of U.S. Steel plummeted by almost 18 per cent on Wednesday, following reports that the White House is poised to block the company's acquisition by Japanese steel giant Nippon Steel.

U.S. Steel shares plummet amid White House action against Nippon steel takeover

The European commission has approved Nippon steel's $14.9 billion bid to acquire US Steel. This move removes a potential hurdle for the deal, which would create a steel giant with a combined capacity pushing Nippon steel closer to its goal of 100 million tons annually.

EU clears Nippon steel's $14.9 billion bid for US Steel

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