Yahoo Finance

President Biden has 15 days to decide whether or not to approve Japanese-owned Nippon Steel's (NISTF, 5401.T) $15 billion bid for US Steel (X) after the Committee on Foreign Investment in the US (CFIUS) failed to reach a consensus.

In the video above, Morning Brief hosts Brad Smith and Josh Lipton chat more about the likelihood of Biden blocking this deal.

Catch former congressman and host of Yahoo Finance's Warrior Money podcast, Patrick Murphy, share his opinion as to why Biden should approve the deal by clicking here.

To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.

This post was written by Josh Lynch