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Biden, U.S. Steel and Trump
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 is in the interest of U.S. workers.
Nippon, US Steel file suit against Biden administration, union, and rival after $15B deal scuttled
The suit, filed in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies’ due process.
U.S. Steel CEO appeals to Trump after Biden blocks deal with Japanese firm
President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.
U.S. Steel and Nippon Sue Biden Over Decision to Block Merger
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security.
Biden Was Right to Block the US Steel Takeover
Even if losing domestic sources of primary steel does not seem like a national security threat today, it might tomorrow.
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.
Biden Blocks Takeover Bid of U.S. Steel by Japan’s Nippon
The president said he was moving to protect national security in deciding the fate of the iconic Pennsylvania-based company, which became a contentious political issue in an election year.
Biden's Nippon Steel block shows how unions and workers can be at odds
President Biden blocked Japan's Nippon Steel from buying U.S. Steel last week, earning the approval of the United Steelworkers union, which desperately wanted the deal crushed. But steel workers themselves may be less than enthused.
Local leaders host VP of Nippon Steel to discuss Biden blocking deal with US Steel
President-elect Trump on Monday accused President Biden of making the presidential transition difficult, citing recent executive orders on climate and other official acts Biden has taken in his last weeks as president.
Nippon Steel, U.S. Steel Sue U.S. Government Over Blocked Merger Deal - TaiwanPlus News
Japan's Nippon Steel and Pennsylvania-based U.S. Steel are suing the U.S. government for stopping Nippon's nearly US$15 billion purchase of U.S. Steel. U.S. President Joe Biden blocked the deal, citing national security concerns and fulfilling a campaign promise.
Steel companies sue over Biden's block of purchase agreement
Japan's Nippon Steel agreed to buy U.S. Steel. The companies accused the President of trying to gain support from the United Steelworkers union.
U.S. Steel, Japan
Japanese steelmaker vows not to give up on buying U.S. Steel
Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S. steelmaker.
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.
Nippon Steel, U.S. Steel sue over Biden decision to block sale
U.S. Steel and Nippon Steel said on Monday that it is suing over President Joe Biden's decision to block its sales agreement and a domestic competitor and union over their actions to scuttle the deal.
1d
on MSN
Nippon Steel stands firm on a US Steel takeover and denies risks cited by Biden
Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed $15 billion ...
1h
Steel Setback: Biden Risks Japan Ties, Investment
By blocking the acquisition of US Steel, President Joe Biden has irked Japan, one of Washington's closest allies whose firms are the biggest foreign investors in the United States.
19h
Despite Nippon Steel, US and Japan say ties stronger than ever
Reuters, the news and media division of Thomson Reuters, is the world’s largest multimedia news provider, reaching billions ...
1d
Nippon Steel’s Thwarted Bid Sets Up Tougher Rivalry With Chinese Mills
Nippon Steel Corp.’s thwarted bid to expand in the US could mean tougher competition for Chinese mills in an already ...
1d
on MSN
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 ...
21h
on MSN
Nippon Steel and US Steel rival denies bombshell lawsuit claims: 'We are armored through the teeth'
The CEO of Cleveland-Cliffs – a Nippon and U.S. Steel competitor – argues suing his company and the Biden administration is ...
4d
on MSN
Rise of US Steel paralleled the arrival of the United States on the world stage
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan’s Nippon Steel — something he had first vowed ...
4d
United States Steel: Dead Deal Creates Income Opportunities
United States Steel’s earnings and margins decline in 2024. Learn why X stock is slightly overvalued at $30, with a fair ...
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