Biden to Voice Concern Over Nippon Steel's Planned Purchase of U.S. Steel

Biden plans to express concern over Nippon Steel's proposed $14.9B purchase of U.S. Steel
The deal has faced criticism from Democratic and Republican senators over national security concerns
White House previously said the deal needs careful scrutiny given U.S. Steel's role in producing critical materials
Biden will issue a statement about the acquisition before Japanese PM Kishida's April 10 state visit
U.S. Steel shares fell 12% on speculation that the deal could face greater political opposition