The New York Times

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The Daily

In a highly unusual move, the Biden administration signaled last week that it would block a Japanese company from buying an iconic American company in a critical swing state.
Alan Rappeport, who covers the Treasury Department for The Times, discusses the politics that could doom the multibillion-dollar deal, and what it says about the new power of American labor.
Guest: Alan Rappeport, an economic policy reporter for The New York Times.
Background reading: 

President Biden is expected to block Nippon Steel’s takeover of U.S. Steel.
How swing-state politics are sinking a global steel deal.

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Unlock full access to New York Times podcasts and explore everything from politics to pop culture. Subscribe today at nytimes.com/podcasts or on Apple Podcasts and Spotify.

How the Election Is Sinking a $15 Billion Business Deal