U.S. Steel, Joe Biden

Blocking U.S. Steel-Nippon Steel Deal Would Hurt the U.S.
Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, having stepped in to nix a $15 billion deal between U.S. Steel and Japan’s Nippon Steel.
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.
Biden's decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers
By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden says he is protecting good jobs in the American heartland
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.
U.S. Steel and Nippon Steel sue Biden administration for blocking their $15 billion deal
The steel companies allege White House decision to block takeover was political and violated their right to due process.
Biden Extends Deadline for Nippon's US Steel Bid, Keeping Deal Alive
President-elect Donald Trump has also expressed strong opposition to Japanese ownership of infrastructure giant.
Nippon Steel executive condemns Biden putting politics over security
Takahiro Mori said Nippon Steel's proposed acquisition of U.S. Steel does not bring any national security risks, despite Joe Biden's insistence otherwise.
A new rival bid for US Steel is emerging as the US extends deadline on Nippon's bid blocked by Biden
The CEO of Ohio-based steelmaker Cleveland Cliffs, said in a news conference Monday that he wanted to make a new bid for U.S. Steel, which accepted the buyout offer from Nippon in 2023 after it rejected an offer by Cleveland-Cliffs.
US extends deadline on Nippon’s bid for US Steel, offering some hope that the deal is not dead
The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden Administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden blocked the deal.
New bidder challenges Nippon in acquisition of U.S. Steel as Biden administration extends deadline
The proposed deal kicked up an election year political maelstrom across America’s industrial heartland and quickly drew vows by Biden and Trump from the campaign trail in a critical battleground state to block the deal.
Biden administration extends deadline on Nippon-U.S. Steel deal, offering some hope for merger
The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden administration extended a ...
The Washington Post12d
Nippon Steel and U.S. Steel sue Biden administration over blocked deal
Nippon Steel and U.S. Steel sued President Joe Biden on Monday over his decision to bar them from joining forces, alleging that he had violated their constitutional rights to due process in ...
Reason10d
With U.S. Steel Decision, Biden Turned His Back on Opposing Monopolies
As he signed a sweeping executive order in July 2021 intended to crack down on anticompetitive business practices, President Joe ... U.S. Steel's acquisition by Nippon Steel, Biden ...
MSNBC10d
Biden’s controversial move on steel was the right one
Almost as soon as President Joe Biden announced he would block Nippon Steel’s acquisition of U.S. Steel, the caterwauling began. The U.S. Steel CEO and some economists complained that ...
Townhall9d
Trump Should Fix Biden's US Steel Mistake
Donald Trump can accomplish all those goals in one action: reversing Joe Biden’s silly attempt to block Nippon’s acquisition of U.S. Steel. A deal that escaped Joe Biden is still within ...
Reuters12d
U.S. Steel, Nippon sue Biden administration over decision to block merger
WASHINGTON, Jan 6 (Reuters) - U.S. President Joe Biden unlawfully blocked Nippon Steel's (5401.T), opens new tab $14.9 billion bid for U.S. Steel (X.N), opens new tab through a sham ...
E&E4d
Cleveland-Cliffs CEO confirms interest in buying U.S. Steel
Cleveland-Cliffs began the takeover drama in the summer of 2023 by making a $7.3 billion bid to buy U.S. Steel.