BusinessUnited States of AmericaBiden nixes US Steel takeover by Japanese rival01:47This browser does not support the video element.BusinessUnited States of AmericaLars Halter01/03/2025January 3, 2025US President Joe Biden is set to block an almost $15 billion takeover of US Steel by Japan's Nippon Steel. The transaction has been extremely controversial for months and even played into the recent elections.Copy linkAdvertisement