Nippon Steel and US Steel Sues Biden Administration Over Blocked Merger
Key Points Nippon Steel and U.S. Steel filed a lawsuit against Biden for blocking their merger, citing constitutional violations. The companies allege political interference in the CFIUS national security review process. Biden opposed the merger, emphasizing the need to keep U.S. Steel American-owned. A separate lawsuit targets Cleveland Cliffs and union leaders for anti-competitive behavior. Nippon Steel and U.S. Steel have filed lawsuits against U.S. President Joe Biden, alleging constitutional violations and political interference in blocking their $14.9 billion merger...