Biden to Announce Decision on Nippon Steel Bid for US Steel as Early as Friday

ACQUISITION - WASHINGTON. U.S. President Joe Biden is likely to announce a decision as soon as Friday on whether he will approve Nippon Steel's acquisition of U.S. Steel, CBS News reported late on Thursday, citing people familiar with the process.

The Committee on Foreign Investment in the United States (CFIUS) recently referred the decision to approve or block the deal to Biden, who will leave office on Jan. 20.