Business Rundown: Biden Blocks U.S. Steel Sale In Protectionist Move

After a year of Japan’s grand plan to enter our nation’s steel
market by acquiring American company U.S. Steel, President Biden
has made the decision to block the proposed $14 billion deal with
Japanese company Nippon Steel, citing national security risks.
Nippon representatives say they plan to challenge the decision, but
with President-elect Trump already saying he would block the sale
as well, they are unlikely to find friendlier negotiations come
Inauguration Day. Co-anchor of The Big Money Show, Taylor Riggs,
speaks with the host of Making Money on Fox Business, Charles
Payne, about why blocking this sale helps protect Americans in the
future, the challenges that face the city of New Orleans tourist
economy, and he previews his TV town hall coming January 16th on
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