U.S. President Joe Biden said Friday that he has decided to block the $14.1 billion takeover of United States Steel Corp. by Nippon Steel Corp., citing risks to national security, a move that will force the Japanese firm to overhaul its global strategy.Nippon Steel and U.S. Steel immediately condemned Biden's decision and hinted at a potential legal battle against Washington, as scrapping the international buyout project would affect the reorganization of the global steel industry.Biden's order marked the first time an American president has banned a merger and acquisition deal involving a …READ FULL ARTICLE
