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Biden rejects Nippon Steel's proposed deal to acquire US Steel

FILE - This is a portion of US Steel's Edgar Thomson Works in Braddock, Pa., on Sunday, Apr., 28, 2024. (AP Photo/Gene J. Puskar, File)

FILE - This is a portion of US Steel's Edgar Thomson Works in Braddock, Pa., on Sunday, Apr., 28, 2024. (AP Photo/Gene J. Puskar, File)

FILE - This is a portion of US Steel's Edgar Thomson Works in Braddock, Pa., on Sunday, Apr., 28, 2024. (AP Photo/Gene J. Puskar, File)

FILE - This is a portion of US Steel's Edgar Thomson Works in Braddock, Pa., on Sunday, Apr., 28, 2024. (AP Photo/Gene J. Puskar, File)

FILE - The United States Steel logo is pictured outside the headquarters building in downtown Pittsburgh, April 26, 2010. (AP Photo/Gene J. Puskar, File)

FILE - The United States Steel logo is pictured outside the headquarters building in downtown Pittsburgh, April 26, 2010. (AP Photo/Gene J. Puskar, File)

President Joe Biden speaks at an event to award the Presidential Citizens Medal to recipients in the East Room at the White House, Thursday, Jan. 2, 2025, in Washington. (AP Photo/Mark Schiefelbein)

President Joe Biden speaks at an event to award the Presidential Citizens Medal to recipients in the East Room at the White House, Thursday, Jan. 2, 2025, in Washington. (AP Photo/Mark Schiefelbein)