Committee on Foreign Investment in the United States

United States Steel Corp. (NYSE:X) shares plunged Tuesday following a report that President Joe Biden will block the company's proposed deal with Nippon Steel.  The Details: People familiar with the matter told Bloomberg that Biden views the sale as a national security risk. The Committee on...

The Federal Trade and Communications Commissions are known buzzkills when it comes to blocking corporate mergers. But sometimes, in the face of extreme consequences, the role falls on a higher power. On recommendation from the Committee on Foreign Investment in the United States, the U.S. president...