Biden to announce decision on U.S. Steel acquisition as early as Friday

President Biden is likely to announce a decision as soon as Friday on whether he will approve Nippon Steel's $14.9 billion acquisition of U.S. Steel, according to people familiar with the process.

The president has said in the past he opposed the deal, saying it was vital for U.S. Steel "to remain an American steel company that is domestically owned and operated." 

In recent days, Mr. Biden's top advisers have had extensive discussions with him about whether or not to approve the deal. Secretary of State Antony Blinken has also spoken directly with the president about the matter.