President Biden blocks Nippon Steel's bid for U.S. Steel, citing national security concerns while potential job losses loom for the American steel industry.
Outgoing Senator Sherrod Brown supports Biden's decision to block the $14 billion takeover of U.S. Steel by Nippon Steel due to national security concerns.
President Biden is set to announce his decision on Nippon Steel's acquisition of U.S. Steel, which carries significant implications for American steel production.