U.S. Steel and Nippon Steel have filed lawsuits against President Biden after the administration blocked their $15 billion merger, citing national security concerns.
President Biden blocks Nippon Steel's $15 billion acquisition of U.S. Steel, citing national security concerns and the commitment to bolster domestic production.
President Biden blocks Nippon Steel's bid for U.S. Steel, citing national security concerns while potential job losses loom for the American steel industry.