Biden Blocks Japanese Company’s $14 Billion Takeover of US Steel

President Joe Biden blocked the Japanese company Nippon Steel’s $14 billion bid to buy U.S. Steel on Friday, saying it posed a threat to national security. “It is my solemn responsibility as president to ensure that, now and long into the future, America has a strong domestically owned and operated steel industry that can continue

Biden rejects U.S. Steel-Nippon Steel deal

President Biden announced Friday that he is blocking the $15 billion proposal by Japan’s Nippon Steel to buy U.S. Steel after a government panel recently failed to reach consensus on the possible national security risks of the deal.  Mr. Biden said his decision is aimed at protecting the nation’s security and infrastructure, as well as

Net neutrality rules about internet speeds blocked by federal appeals court

A federal appeals court on Thursday ruled that US regulators overstepped their authority by reinstating “net neutrality” rules governing internet service providers, dealing a blow to the Biden administration. In a published opinion, the appellate court in the state of Ohio said an order last year by the Federal Communications Commission “resurrected the FCC’s heavy-handed