The fate of U.S. steel sits on the president's desk.

From Marketplace, I'm Sabrina Banishore in for David Bruncaccio.

Should Japanese firm Nippon Steel be allowed to acquire U.S. steel?

Is that a national security risk?

Those are the questions a government review board was supposed to answer, but it did not.

It deadlocked.

So the decision now rests with President Biden, who previously opposed the acquisition.

Marketplaces Nova Saffo has more.

The Committee on Foreign Investment in the United States could not figure out what to recommend,

with regards to Nippon's $15 billion deal to buy U.S. deal.

It faced a Monday deadline, so instead it sent the matter directly to the president's desk. For his part, President Biden has publicly

criticized the deal. In April, speaking at the U.S. Steelworkers Union headquarters in Pittsburgh,

he vowed to block it. U.S. Steel has been an iconic American company for more than a century, and it should remain a totally American company.

In further signs of trouble for Nippon, the Commerce Department last month imposed new tariffs on the company,

saying it illegally dumped artificially cheap steel into the U.S. prior to announcing its takeover bid.

Biden now has 15 days to make a final decision.

I'm Novosafo for Marketplace.

After months of speculation over who might buy Nordstrom, the department store chain has struck a deal.

It'll be acquired by members of the

Nordstrom family and El Puerreto de Liverpool. That's a Mexican real estate and department store

company. This means Nordstrom will no longer be a public company. Marketplaces, Kristen Schwab has more.

Companies go private because it allows them to make operational changes without the scrutiny of shareholders,

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