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US Steel, Joe Biden
Biden killed US Steel deal even though some US officials rejected national security concerns
President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US officials did not believe there were sufficient national security grounds to kill the deal,
Nippon, US Steel file suit after Biden administration blocks $15 billion deal
The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
What’s Next for US Steel After Biden’s Block Triggers Lawsuits
The pushback comes after US Steel Chief Executive Officer David Burritt on Friday condemned Biden’s order, calling it a “shameful and corrupt” move that harmed the company and America’s steelworkers and “insulted” US ally Japan.
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U.S. Steel sues Biden admin, union boss after president blocks acquisition deal
U.S. Steel and the Japanese firm that had sought to acquire it are suing the Biden administration after the president ...
4h
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their ...
1h
Biden's decision will embolden Chinese steel companies, Lou Basenese says
America Reports' panelists Lou Basenese and Dan Greenhaus unpack why U.S. Steel and Nippon Steel are suing the Biden ...
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