Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration's order to block the nearly $15 billion deal for the Japanese company to buy the American steelmaker.
President Biden stopped the $15 billion deal over national security and supply-chain concerns. U.S. Steel CEO David B. Burritt blasted the decision, calling Mr. Biden's action "shameful" and ...
Advertisement "This acquisition would place one of America's largest steel producers under foreign control and create risk for our national security and our critical supply chain," Biden said in a ...