The Latest Breaking News from US Steel

Business groups say the move could have a chilling effect on Japan's standing as the biggest foreign investor in the United States, just as Washington seeks closer relations to counter China.

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

President Biden's decision to block the US Steel acquisition by Nippon Steel due to national security concerns receives mixed reactions.

The companies said the Biden administration tainted the review process with politics

President Biden blocked the Nippon Steel acquisition of US Steel due to national security issues, but US Steel needs the cash inflow from Nippon to survive.

Nippon Steel and U.S. Steel challenge Biden's block of B acquisition, citing national security benefits and allegations of political influence.

US Steel and Nippon challenge US government's merger block in a legal battle with significant implications for corporate mergers.

Nippon Steel and U.S. Steel are filing a federal lawsuit challenging the Biden administration’s decision to block a proposed nearly $15 billion deal for Nippon to acquire Pittsburgh-based U.S. Steel

March S&P 500 E-Mini futures (ESH25) are up +0.45%, and March Nasdaq 100 E-Mini futures (NQH25) are up +0.71% this morning, pointing to a strong opening on Wall Street, while investors looked ahead to the publication of the minutes of the Federal Reserve’s latest policy meeting, comments from Federal Reserve…