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Nippon, US Steel file suit

The Associated Press on MSN · 23h

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.

Nippon Steel lawsuit against Biden could buy time to keep U.S. Steel deal alive

The companies argued in a lawsuit announced on Monday that Biden violated the Constitution by blocking the merger via a sham national security review that deprived the companies of their right to a fair process.

ABC News on MSN · 1d

US Steel and Nippon Steel sue Biden administration over blocked merger

U.S. Steel and Japan-based Nippon Steel sued the Biden administration on Monday over a decision made last week to block a merger between the two companies. A proposed acquisition of the second-largest domestic steel producer by Nippon for nearly $15 billion would threaten U.S. national security, the Biden administration said.

Blinken Visits Japan

Hosted on MSN · 17h

Despite Nippon Steel, US and Japan say ties stronger than ever

By David Brunnstrom, Simon Lewis, Trevor Hunnicutt and Tim Kelly TOKYO/WASHINGTON (Reuters) -The foreign ministers of Japan and the United States said their countries' ties were stronger than ever on Tuesday,

Bloomberg on MSN · 1d

Tension Over US Steel Emerges During Blinken Visit to Japan

It was meant to be a final swing through Tokyo topped with a sushi breakfast to cement closer ties with one of the US’s closest allies.

U.S. News & World Report · 1d

Blinken Visits Japan as Nippon Steel Decision Weighs on Relations

U.S. President Joe Biden's decision to block Nippon Steel's $14.9 billion bid for U.S. Steel casts a shadow over Secretary of State Antony Blinken's visit to Japan on Tuesday for farewell meetings with Washington's most important ally in Asia.

9m

True friend or security threat? Japan dumbfounded by veto of US Steel deal

The decision underscores the difficulty of ‘friendshoring’ and could deter some foreign investments in the US, says an expert ...

2don MSN

Nippon Steel Could Face Growth Challenges After U.S. Steel Purchase Blocked, Analysts Say

Nippon Steel shares closed down 0.75% at 3,158 yen ($20.03) on Monday, compared with a 1% fall in broader Topix index. They ...

3h

Japan’s investments in US set to go on despite Nippon Steel’s takeover setback

The assessment by analysts comes after US President Joe Biden blocked Nippon Steel Corp’s US$14.9 billion bid for US Steel Corp.

6don MSN

Japan's Nippon Steel offers governmental veto power for U.S. Steel production

Japan-based Nippon Steel has offered to give the U.S. government veto power over any potential reduction in steel output by U ...

1don MSN

Analysis-China exports push Nippon Steel to seek growth in US, India after blocked deal

Nippon Steel is poised to expand its operations in the U.S. and India as it hunts for growth and protection from cheap ...

1don MSN

Biden killed US Steel deal even though some US officials rejected national security concerns

President Joe Biden decided to block the $14 billion takeover of US Steel by Japan’s Nippon Steel even though some top US ...

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