Outgoing US President Joe Biden has officially blocked a Japanese company from buying the United States Steel Corporation, warning that foreign ownership would pose a danger to national security.
Nippon Steel, the fourth-largest steelmaker in the world, had bid close to $15 billion to purchase the once-iconic American industrial powerhouse.
But that takeover is now on the brink of collapse, as Benji Hyer reports.
IN: It's an
OUT: Benji Hyer, Washington
DUR: 58 secs
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