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Joe Biden, U.S. Steel

US rejection of Nippon Steel’s bid for US Steel rankles Washington’s key ally in Asia

President Joe Biden's decision to reject a bid by Nippon Steel to acquire U.S. Steel isn't the first time friction over trade and investment has irked Washington's closest ally in Asia.

bernama · 8h

Nippon Steel Not Giving Up On US Steel Acquisition Despite Biden's Block: CEO

Earlier, Biden blocked the acquisition of US Steel by Nippon Steel, calling it a threat to national security. US Steel CEO David Burritt called Biden's decision to block the deal a disgrace and an act of political corruption.

Reuters · 13h

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.

Newsday2d

Biden's decision to block Nippon Steel takeover creates uncertainty for U.S. Steel workers

Losing the Nippon-U.S. Steel deal “will be a disaster ... U.S. Steel employed 340,000 people. The United States Steel logo is pictured outside the headquarters building in downtown ...

16h

Milbank, Wachtell, Ropes and Pittsburgh Duo Aim to Save Nippon Steel-U.S. Steel Merger

Ropes & Gray, Milbank and Wachtell, Lipton, Rosen & Katz all advised on the $14 billion acquisition. They're joined in two ...

3don 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 ...

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Joe Biden, U.S. Steel

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