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The Latest Breaking News from US 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

The Independent UK

Blinken Says US-Japan Ties Rock Solid Despite Rift Over Steel Deal

Business groups say the decision could have a chilling effect on Japan's standing as the biggest foreign investor in the United States, just as Washington seeks closer ties with Tokyo to counter China.

International Business Times

Asian Shares Rise On Tech Optimism, U.S. Steel Lawsuit

Asian shares rise on tech stock performance, while markets await policy changes and economic data releases. Nippon Steel faces setback in U.S. acquisition....

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Stock market today: Asian shares mostly rise after Wall Street rally led by Nvidia

Asian shares are mostly higher, deriving optimism from rising technology stocks on Wall Street, led by Nvidia

The Independent UK

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 acquisition of U.S. Steel

The Independent UK

President Biden Blocks Billion US Steel Takeover

President Biden's decision to block the US Steel acquisition by Nippon Steel due to national security concerns receives mixed reactions.

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U.S. Steel, Nippon sue over blocked deal

The companies said the Biden administration tainted the review process with politics

Salon

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Steel Stocks: 1 Steel Stock to Buy and 1 to Sell on Trump Tariffs

President Biden blocked the Nippon Steel acquisition of US Steel due to national security issues, but US Steel needs the cash inflow from Nippon to survive.

MarketBeat

Nippon Steel And U.S. Steel Lawsuit Challenges Biden Decision

Nippon Steel and U.S. Steel challenge Biden's block of B acquisition, citing national security benefits and allegations of political influence.

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US Steel And Nippon Sue US Government Over Merger Block

US Steel and Nippon challenge US government's merger block in a legal battle with significant implications for corporate mergers.

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Nippon, US Steel file suit after Biden administration blocks $15 billion deal

Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel

The Independent UK

Stocks Set to Open Higher as Investors Await Fed Minutes and U.S. Jobs Data, Fed Speak on Tap

March S&P 500 E-Mini futures (ESH25) are up +0.45%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.71% this morning, pointing to a strong opening on Wall Street, while investors looked ahead to the publication of the minutes of the Federal Reserve’s latest policy meeting, comments from Federal Reserve…

Barchart

Japan PM Says Blocked US Steel Deal Could Hit Investments

Japan's prime minister on Monday urged Washington to dispel concerns that a decision by Joe Biden to block Nippon Steel's takeover of US Steel could impact future investments.

International Business Times

President Biden Blocks Japanese Takeover Of U.S. Steel

President Biden's decision to block a Japanese company's takeover of U.S. Steel raises concerns about American steel industry jobs and investments.

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The Independent UK

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

International Business Times

Nippon Steel and US Steel Hit Back At Biden's 'Unlawful Decision' To Block Sale

The president rejected the $14.9 billion deal between the steelmakers over national security concerns.

The Independent UK

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 to do in March

Reason

Blocking the U.S. Steel Sale Is a Perfectly Disgraceful End to Biden's Political Career

It's a disgraceful decision that serves as a perfect epitaph for Biden's political career.

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Salon

Biden blocks $14.9B sale of U.S. Steel

The president said it was his "responsibility to block foreign ownership of this vital American company”

Al Jazeera

Biden blocks sale of US Steel to Japan’s Nippon Steel

Biden cites need to ‘level playing field’ in long anticipated blocking of $14.6bn sale likely to roil ties with Tokyo.

Reason

Corpse President Says Companies Can't Do What They Want

Plus: Subway system crime by the numbers, Bernie Sanders' H-1B visa hate, surgeon general still stupid, and more...

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President Biden Rejects Nippon Steel's U.S. Steel Acquisition Deal

President Biden blocks the billion acquisition of U.S. Steel by Nippon Steel, citing national security concerns and potential strain on U.S.-Japan rela...

International Business Times

Biden Blocks US Steel Takeover By Japan's Nippon Steel: 'Will Remain A Proud American Company'

Biden and President-elect Donald Trump have both previously slammed the potential takeover.

International Business Times

Biden Blocks US-Japan Steel Deal

President Joe Biden on Friday announced he has blocked the controversial $14.9 billion sale of US Steel to Japan's Nippon Steel, citing a strategic need to protect domestic industry.

The Independent UK

Biden blocks Japanese takeover of US Steel on national security grounds

Biden says the Pittsburgh-based U.S. Steel ‘will remain a proud American company — one that’s American-owned, American-operated, by American union steelworkers’

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