In a Dec. 17 letter, Nippon Steel and U.S. Steel accused the White House of undue influence over the CFIUS review. This accusation, coupled with the Pentagon, State and Treasury finding no ...

A high-level government review board has told the White House it is unable to reach a consensus on the national security risks involved in Nippon Steel’s proposed acquisition of U.S. Steel, likely ...

President Joe Biden on Friday blocked Japanese steel giant Nippon's $14 billion acquisition of U.S. Steel. The companies have ...

This is a developing story. Check back for updates. Cleveland Cliffs is partnering with rival Nucor in a potential bid for ...

“We received the CFIUS evaluation and the president will review it,” said Robyn Patterson, a White House spokeswoman. Since announcing its planned purchase of U.S. Steel in December ...

the likelihood of consolidation in the U.S. is much lower than with Cliffs, which operates over 20 steel-producing sites. And, under Cliffs, all the white-collar staff is almost certainly gone.

Biden’s decision “isn’t about Japan,” White House National Security Council spokesperson John Kirby said in a briefing with reporters Friday. “This is about U.S. steel-making and keeping ...

saying it was “vital” for U.S. Steel “to remain an American steel company that is domestically owned and operated.” All along, White House officials insisted that Biden would wait to see ...

Report says Nippon Steel is negotiating directly with the White House over the purchase of ... Nippon Steel Corp. has made assurances to the U.S. government over its planned acquisition of the ...

In these final actions of his presidency, Biden is asserting his domestic and foreign-policy principles before Trump takes ...

Shares of U.S. Steel (X) moved higher after Washington Post reported on a proposal sent to the White House by Nippon Steel (NPSCY) in order to gain approval for its pending takeover of the steelmaker.

U.S. Steel and Nippon Steel alleged in their lawsuit on Monday that the CFIUS review was prejudiced by Biden's longstanding ...