Josh Wingrove

President Joe Biden reiterated his support for US workers opposed to a Japanese company’s bid to acquire United States Steel Corp. but stopped short of calling again for continued domestic ownership.

(Bloomberg) -- President Joe Biden reiterated his support for U.S. workers opposed to a Japanese company's bid to acquire United States Steel Corp., while stopping short of calling again for continued domestic ownership.

United States Steel Corp. and Nippon Steel Corp. are deliberating a decision to formally push back the time frame they expect to close their contentious $14.1 billion deal.

The steelmakers are expected to announced they now anticipate the transaction to close in the second half of 2024, according to people familiar with the conversations.

Takahiro Mori traveled more than 12 hours from Tokyo to Pittsburgh to secure what he hoped would be one of the biggest-ever steel mergers. On the other side of the table from the Nippon Steel Corp. executive sat the one man who now appeared to have the fate of the $14 billion deal in his hands: David McCall, head of the United Steelworkers union.

The US will impose new sanctions on Iran targeting the country’s missile and drone program following its weekend attack on Israel that threatened to push the Middle East into a wider conflict.

WASHINGTON — The U.S. will impose new sanctions on Iran targeting the country’s missile and drone program following its weekend attack on Israel that threatened to push the Middle East into a wider conflict.

El presidente de EE.UU. Joe Biden pedirá imponer aranceles más altos sobre el acero y el aluminio chinos, parte de una serie de medidas para apuntalar el sector siderúrgico estadounidense y al mismo tiempo atraer votos en un año electoral.

President Joe Biden is calling for higher tariffs on Chinese steel and aluminum, part of a series of steps to shore up the American steel sector and woo its workers in this year's election.

President Joe Biden 's top economic aide said the administration wants to keep gas prices in “current ranges” this summer while sidestepping questions on whether the administration is considering a fresh release from the Strategic Petroleum Reserve.