The president has already expressed opposition to Japanese-owned Nippon’s proposed takeover of U.S. Steel, saying the iconic U.S. company should remain American owned.

The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.

The proposed acquisition touched off a US election-year firestorm in the crucial swing state of Pennsylvania. Read more at straitstimes.com.

US President Joe Biden is preparing to block Nippon Steel Corp.’s $14.1 billion takeover of United States Steel Corp., according to people familiar with the matter.

US PRESIDENT Joe Biden is preparing to block Nippon Steel’s US$14.1 billion takeover of United States Steel, according to sources familiar with the matter. Read more at The Business Times.

U.S. President Joe Biden is preparing to block Nippon Steel’s acquisition of U.S. Steel, a source said on Wednesday. The move by Biden would deal a blow to the proposed $14.9 billion deal. The president has previously expressed concern over Nippon’s deal to buy the 122-year-old iconic U.S. steelmaker.

By Alexandra Alper, Yuka Obayashi, John Geddie WASHINGTON/TOKYO (Reuters) -A month before Nippon Steel discovered its $15 billion takeover of U.S. Steel was on the brink of being torpedoed by President Joe Biden,

A cohort of business groups in Washington warned in a letter Wednesday that “political interference” threatens to derail the Japanese steelmaker Nippon Steel’s proposed acquisition of U.S. Steel, which is opposed by both presidential candidates and lawmakers across the political spectrum.