'Limited avenues moving forward' for US Steel, Nippon Steel after Biden scuttles deal

featured-image

Taitai6769/iStock via Getty Images US Steel ( NYSE: X ) shares settled -6.5% while ADRs of Nippon Steel ( OTCPK:NPSCY ) ( OTCPK:NISTF ) ended -0.8% on Friday after President Biden officially blocked the proposed merger of the two steel producers, likely dealing a.