The lawsuit alleges that the Biden administration “ignored the rule of law” and rejected the merger to curry favor with the ...

The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after failing to reach ...

In blocking the sale to Nippon Steel, Biden said U.S. Steel "will remain a proud American company – one that’s American-owned ...

Aiming to improve the efficiency and price of steel production, he successfully adopted the Bessemer process at his Homestead Steel Works. Furthermore, he appointed Henry Clay Frick as a partner and ...

US Steel and Nippon Steel threatened legal action Friday after President Joe Biden blocked a controversial $14.9 billion deal for the Japanese company to buy its American rival.