The Fallout from U.S. Steel
Nippon Steel’s $14 billion takeover bid for the steelmaker appears doomed, with President Biden expected to reject it. Litigation and diplomatic turmoil could follow.
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Nippon Steel bets on Trump to salvage $15bn US deal
Japanese company and target US Steel have also sued the Biden administration and rival Cleveland-CliffsFinancial Times - 15h -
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Nippon Steel chief warns Trump that tariffs alone will not strengthen US industry
Eiji Hashimoto says legal action against blocking of takeover aimed at winning another review under new administrationFinancial Times - 1d -
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Tech billionaire Elon Musk on Monday asked his followers on the social platform X, which he owns, if the U.S. “should liberate the people of Britain from their tyrannical government.” “America ...The Hill - 1d -
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Louisiana reports first human death in US from bird flu
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Nippon Steel and US Steel sue after Biden blocks $15bn deal
Donald Trump calls for American steel group to remain independent companyFinancial Times - 2d -
Lawsuit alleges Biden blocked US Steel-Nippon Steel merger for political reasons
The Biden administration blocked the deal over alleged national security concerns.ABC News - 2d -
Ongoing fallout from the Jan. 6 Capitol insurrection
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Biden's decision to block the US Steel sale would have made Harry Truman proud
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Nippon Steel and US Steel sue Biden administration over blocked merger
U.S. Steel and Japanese steelmaker Nippon Steel sued the U.S. government Monday in a last-ditch effort to move forward with their merger, which President Biden blocked Friday over national security ...The Hill - 2d -
How the US can help to save Georgia from the brink
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Biden blocks Japan's Nippon Steel from buying US Steel
Biden decided to scrap the deal despite concerns that it could damage Washington's relations with Tokyo.BBC News - 4d -
Despite Blocked US Steel Bid, Japan Won’t Stop Seeking American Deals
Japanese companies needing to grow have sought out American deals. Experts say that will not change even after Biden’s rejection of Nippon Steel’s takeover attempt.The New York Times - 4d -
US Steel CEO rips Biden's 'shameful' move blocking sale
U.S. Steel’s president and CEO declared President Biden’s decision to block the company from being acquired by the Japanese corporation Nippon Steel “shameful” and “corrupt” in a Friday afternoon ...The Hill - 4d -
Biden Blocks Sale of U.S. Steel to Nippon Steel
The yearlong campaign by the Japanese steelmaker for a $14.1 billion deal crashed against opposition to foreign ownership from political leaders and the United Steelworkers union.The Wall Street Journal - 4d -
Biden blocks US Steel sale
Welcome to The Hill's Business & Economy newsletter {beacon} Business & Economy Business & Economy The Big Story Biden blocks US Steel sale President Biden has announced he will block the sale ...The Hill - 4d -
US Steel acquisition by Japan’s Nippon blocked
Domestic steel production is essential to U.S. security, Biden said.ABC News - 5d -
Biden blocks Nippon Steel’s $15bn takeover of US Steel
Companies threaten legal action in response to outgoing president’s decisionFinancial Times - 5d -
Labor groups cheer Biden dismissal of US Steel sale as businesses bristle
Labor groups applauded as businesses leveled sharp criticism Friday at the decision by the Biden administration to block the acquisition of steelmaker U.S. Steel by Japanese rival Nippon Steel over ...The Hill - 5d -
Brown hails Biden decision to block Japanese takeover of US Steel
Outgoing Sen. Sherrod Brown (D-Ohio) on Friday hailed President Biden’s decision to block the takeover of U.S. Steel by Japan’s Nippon Steel, a deal that was valued at $14 billion. “The deal was ...The Hill - 5d -
From Carter’s diplomacy to Trump’s unilateralism: A reckoning for US power in the Americas
Donald Trump's second term as president is marked by a shift from multilateralism to unilateralism, with a focus on reasserting control over strategic infrastructure and using punitive measures to ...The Hill - 5d -
Biden blocks Japan's Nippon Steel from $15 billion takeover of U.S. Steel
President Joe Biden said Friday that he has decided to block a $15 billion takeover of U.S.NBC News - 5d -
US Steel’s tortuous un-merger is a deal for the ages
Would-be acquirers prepare for era where big is no longer bad, but foreign still might beFinancial Times - 5d -
Biden rejects U.S. Steel-Nippon Steel deal
A government panel failed to reach consensus on national security risks of a proposal for Nippon Steel to purchase U.S. Steel, leaving the decision to the president.CBS News - 5d -
Joe Biden blocks Nippon Steel’s $14.9bn bid to purchase US Steel
President cites national security concerns as he follows through on pledge to keep steelmaker domestically owned. Joe Biden has blocked a $14.9bn bid by Japan’s Nippon Steel for US Steel, ...The Guardian - 5d -
Biden says he will block US Steel sale to Nippon Steel
President Biden announced Friday he would block the sale of U.S. Steel to Japanese-owned Nippon Steel following a yearlong review of the potential acquisition. “We need major U.S. companies ...The Hill - 5d -
Biden expected to block $15bn takeover of US Steel
President set to kill Nippon Steel’s bid in one of his final acts in officeFinancial Times - 5d -
A small caravan of migrants sets out from southern Mexico but is unlikely to reach the US
A new caravan of migrants has begun walking north toward the U.S. border from southern MexicoABC News - 6d -
UK rapper Stormzy banned from driving for using phone behind wheel of Rolls-Royce
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Stormzy banned from driving for using mobile phone
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Why Trump should switch sides on the US Steel-Nippon Steel merger (but probably won’t)
The clock is ticking on government approval for the U.S. Steel-Nippon Steel merger, and whether short-term political buffoonery will win out over inexorable economic logic. My money is on buffoonery.The Hill - 6d -
Passive Heat from City Sewer Used to Heat and Cool Museum
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Truck used in New Orleans attack was flying large black flag from rear bumper, authorities say
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