Biden prepares to block Nippon Steel acquisition of U.S. Steel - report ...Middle East

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Biden prepares to block Nippon Steel acquisition of U.S. Steel - report
source : forex live ( Middle East ) () 35
US President Joe Biden is preparing to block the Nippon Steel acquisition of U.S. Steel, sources tell the Washington Post.Shares of US Steel (X) fell about 6% before being halted.It's not clear exactly how Biden could block a deal but shares traded at $22 before the takeover rumors started a year ago. Fellow steel companies are down around 25% since that time as well, so it could be a quick trip to $16 or lower.This looks like a volatility halt, not news pending so it should resume trading soon.The question now is how Japan responds. This article was written by Adam Button at www.forexlive.com.

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