Biden administration delays enforcement of order blocking Nippon Steel, U.S. Steel deal
President Joe Biden. File | Photo Credit: AP The Biden administration will hold off enforcing a requirement laid out in an executive order this month that Nippon Steel abandon its $14.9 billion bid for U.S. Steel, the companies said on Saturday (January 11, 2025). U.S. President Joe Biden blocked Nippon Steel’s planned acquisition of U.S….