U.S. Steel, Joe Biden

Biden Blocks $15 Billion Sale Of U.S. Steel To Japanese Company Nippon—Shares Tumble
P resident Joe Biden has officially killed the contentious sale of U.S. Steel to its Japanese rival Nippon Steel, striking down a $14.9 billion deal announced in 2023 and
U.S. Steel sues to salvage its sale to Japan's Nippon Steel
U.S. Steel and its would-be Japanese suitor filed twin lawsuits Monday to defend their $15 billion merger. President Biden issued an order on Friday to block the deal, citing national security concerns.
US Steel, Nippon Sue Biden for Blocking $15 Billion Deal
President Biden blocked the deal between Nippon and U.S. Steel earlier this month due to "national security" concerns.
US Steel, Nippon Steel Sue US Government Over Blocked $14.1B Deal
U.S. Steel and Nippon Steel said Monday they are suing the U.S. government over President Joe Biden’s blocking last week of the $14.1 billion sale of the iconic American company to the Japanese firm on national security grounds.
Biden blocks Japan's Nippon Steel from acquiring U.S. Steel
The companies condemned the president's decision and hinted at taking legal action, while U.S. Steel's CEO accused Biden of "political corruption."
US Steel, Nippon sue Biden over move to block $14B deal: ‘Shameful and corrupt’
The lawsuit, filed in a federal court in Washington, accused Biden and senior administration officials of corrupting the deal’s review process, and harming American steel workers by blocking the
Why Biden cited national security concerns as he blocked a Japanese bid to buy U.S. Steel
President Biden said he would block the sale of one of America’s most iconic companies to a Japanese firm. In December 2023, Nippon Steel announced it would buy U.S. Steel for more than $14 billion. Nick Schifrin discussed the president's decision with David Wessel of the Brookings Institution and Sheila Smith of the Council on Foreign Relations.
U.S. Steel, Nippon Sue Biden Administration Over Decision to Block Merger
The merger had become highly politicized ahead of the November U.S. presidential election, with both Democrat Biden and Republican President-elect Donald Trump pledging to kill it
Biden blocks $14.1B sale of US Steel to Japanese buyer, citing national security concerns
The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach
Does Nippon Steel's bid to buy US Steel threaten national security? Experts weigh in
President Biden blocked Nippon Steel's acquisition of U.S. Steel citing national security concerns, a rationale which has drawn criticism from the companies and other observers.
Japan PM Calls For US Clarity On Steel Deal Security Concerns
Japan's prime minister called for clarity Monday on why US President Joe Biden blocked a $14.9-billion deal for Nippon Steel to buy US Steel, warning the decision could hit investments.
Nippon Steel and U.S. Steel file lawsuits over handling of blocked deal
Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a ...
President Biden blocks Japanese takeover of U.S. Steel. What does it mean for Gary, Indiana steel mill?
Gary Mayor Eddie Melton supported the merger, saying Nippon Steel had committed $300 million to upgrade the Gary Works steel ...
Biden blocks Japanese acquisition of U.S. Steel. What does it mean for Gary, Indiana?
President Joe Biden blocked a $15 billion proposal by Japan's Nippon Steel to buy U.S. Steel, a deal that Northwest Indiana ...
Japanese buyer sends Biden new U.S. Steel proposal in final bid for support
Nippon Steel sent a new proposal in its bid to buy U.S. Steel, including giving the U.S. government a veto over any reduction ...