Nippon Steel and U.S. Steel filed a federal lawsuit challenging the Biden administration's decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel..The ...

President Joe Biden on Friday announced a decision to block the $14 billion acquisition of U.S. Steel by Japan-based Nippon Steel, saying domestically produced steel is essential to U.S. national ...

The long-awaited decision to prohibit the transition, which would have placed America’s largest steel-making enterprise under foreign control, blocks Nippon Steel and its’ American affiliates from any ...

ON THIS REPORT. AVA. YEAH, GUYS. WELL, ACCORDING TO BLOOMBERG, PRESIDENT BIDEN PLANS TO MAKE THIS BLOCK DUE TO NATIONAL SECURITY REASONS. NOW, THIS COMES JUST DAYS BEFORE THE COMMITTEE ON FOREIGN ...