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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 Steel and U.S. Steel sue Biden administration over blocked deal
Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a rival steelmaker’s CEO.
Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive
The companies argued in a lawsuit announced on Monday that Biden violated the Constitution by blocking the merger via a sham national security review that deprived the companies of their right to a fair process.
1d
on MSN
With U.S. Steel Decision, Biden Turned His Back on Opposing Monopolies
Blocking Nippon Steel from acquiring U.S. Steel lays the groundwork for a major consolidation of American steelmaking that ...
2d
US Steel and Nippon sue Biden administration, Steelworkers union and Cleveland-Cliffs over their blocked merger
US Steel and Nippon, whose $14.3 billion merger was blocked by President Joe Biden last week, filed a lawsuit against the US ...
1d
on MSN
U.S. Steel CEO calls for Trump to take fresh look at Nippon deal, slams Biden decision as corrupt
Trump opposes U.S. Steel's sale to Nippon, but CEO David Burritt believes he can convince the president-elect that the deal ...
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