Biden to Block Nippon Steel Takeover of US Steel on Friday (1)

President Joe Biden has decided to block the sale of United States Steel Corp. to Japan’s Nippon Steel Corp., according to three people with knowledge of the matter.

The White House announcement of the decision is planned for Friday, some of the people said. The Washington Post earlier reported the move.

The president has indicated his opposition to the proposed $14.1 billion acquisition, though the White House has never said outright that he would block the deal. The Committee on Foreign Investment in the United States last month deadlocked on its review over the purchase and left the final ...