Biden rejects U.S. Steel-Nippon Steel deal

U.S. Steel and Nippon Sue Biden Over Blocked Merger

The companies argue in a lawsuit that the process of reviewing the transaction was corrupted by politics.

The New York Times - 1h

U.S. Steel, Nippon Steel sue Biden administration over blocked deal

U.S. Steel and Nippon Steel have filed lawsuits against the Biden admin. after the president blocked their $15 billion acquisition deal. CBS MoneyWatch correspondent Kelly O'Grady has more.

CBS News - 1h

Nippon Steel and US Steel sue after Biden blocks $15bn deal

Trump calls for American steel group to remain independent company

Financial Times - 2h

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 - 2h

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 announced he was blocking a proposed deal for the iconic American manufacturer.

NBC News - 3h

U.S. Steel, Nippon Sue Biden Administration Over Merger Block Decision

The steel makers want a federal court to junk the President’s call to scrap the $14.9 billion merger, saying the national security concerns cited are groundless.

Inc. - 3h

U.S. Steel, Nippon Steel Challenge Biden Decision to Kill $14.1 Billion Deal

The companies accuse the president, head of steelworkers union and Cleveland-Cliffs CEO of teaming up to block the transaction.

The Wall Street Journal - 4h

Biden's National-Security Aides Wanted to Keep Steel Deal Alive

The president went against top national-security aides when deciding to tank a Japanese takeover of U.S. Steel and instead align with domestic advisers, bolstering his pro-union legacy.

The Wall Street Journal - 2d

U.S. Steel, Nippon file lawsuits over Biden's block of merger

U.S. Steel and Nippon Steel filed lawsuits Monday over President Joe Biden's blockage of the Japanese company's proposed takeover of its Pittsburgh-based rival for nearly $15 billion. CBS News ...

CBS News - 4h

U.S. Steel, Nippon Steel sue Biden administration for blocking deal

The steel companies allege White House decision to block takeover was political and violated their right to due process.

CBS News - 6h

Biden's decision to block the US Steel sale would have made Harry Truman proud

Biden’s decision serves as a reminder, as the new president comes to power, of just how much a president can do under the broad and often vague umbrella of national security.

The Hill - 6h

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 - 8h

U.S. Steel and Nippon Steel file multiple lawsuits after Biden blocks planned merger

Steel companies are suing the government and a rival over their botched deal.

MarketWatch - 8h

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 - 2d

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 - 2d

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 - 2d

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 - 2d

Biden blocks U.S. Steel takeover by Japan's Nippon Steel, citing national security

U.S. Steel's stock opened down more than 7% in trading Friday following the president's announcement.

CNBC - 3d

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 - 3d

Biden Plans to Block U.S. Steel Sale to Nippon Steel After Long Fight

The embattled $14.9 billion bid will likely be scrapped if the President declines to approve Nippon Steel’s merger plan, administration officials said.

Inc. - 3d

US Steel acquisition by Japan’s Nippon blocked

Domestic steel production is essential to U.S. security, Biden said.

ABC News - 3d

Biden blocks Nippon Steel’s $15bn takeover of US Steel

Companies threaten legal action in response to outgoing president’s decision

Financial Times - 3d

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 - 3d

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 - 3d

Biden blocks sale of U.S. Steel to Japan's Nippon Steel

President Biden has blocked the acquisition of U.S. Steel by Japanese company Nippon Steel. NBC News' Kelly O'Donnell reports on how the president came to the decision and the impact it could have.

NBC News - 3d

Why Biden blocked the U.S. Steel deal with Japan's Nippon Steel

President Biden has blocked a deal between U.S. Steel and Japan's Nippon Steel that could impact the relationship with the American ally and have global economic repercussions. CBS News' Nicole ...

CBS News - 3d

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 - 3d

U.S. Steel stock tumbles to almost half of what Nippon Steel offered after Biden rejection

Investors were betting on a grim future for U.S. Steel after President Joe Biden used his legal authority to block the acquisition by Nippon Steel of Japan on Friday.

MarketWatch - 3d

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 be

Financial Times - 3d

Biden to announce decision on U.S. Steel acquisition as early as Friday

President Biden announced Friday he would reject Nippon Steel's proposed acquisition of U.S. Steel.

CBS News - 3d

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 - 3d

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 - 3d

Biden rejecting deal between U.S. Steel and Japan's Nippon Steel, according to reports

President Biden is reportedly blocking the deal between U.S. Steel and Japan's Nippon Steel. CBS News contributor Javier E. David has more.

CBS News - 3d

Biden decides to block Nippon Steel’s $15 billion acquisition of U.S. Steel: Report

The White House is expected to announce U.S. President Joe Biden’s decision to block Nippon Steel’s $15 billion takeover bid of U.S. Steel on Friday.

CNBC - 3d

Biden expected to block $15bn takeover of US Steel

President set to kill Nippon Steel’s bid in one of his final acts in office

Financial Times - 3d

Biden Plans to Block Takeover Bid of U.S. Steel by Japan’s Nippon

The president’s announcement of the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year, is expected as soon as Friday.

The New York Times - 3d

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 - 4d

Gaza Cease-Fire Deal Likely to Elude Biden

Talks between Hamas and Israel have hit an impasse in recent days, Arab mediators said.

The Wall Street Journal - 5d

Biden rejects U.S. Steel-Nippon Steel deal

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