Nippon Steel and US Steel sue Biden administration over blocked $15 billion deal

Nippon Steel and US Steel have sued the Biden administration for blocking their $15 billion merger, claiming the decision was politically motivated and violated their rights. President Biden cited national security concerns as the reason for the block, emphasizing the importance of a strong domestic steel industry.

Jan 6, 2025 - 19:30

Nippon Steel and US Steel sue Biden administration over blocked $15 billion deal

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Nippon Steel and US Steel have sued the Biden administration for blocking their $15 billion merger, claiming the decision was politically motivated and violated their rights. President Biden cited national security concerns as the reason for the block, emphasizing the importance of a strong domestic steel industry.