President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel on Friday — something he had first vowed to do in March. His decision comes after the Committee on Foreign Investment in the United States,

Nippon Steel said it wouldn't be deterred by Biden’s decision last week to block its $15 billion bid for the storied U.S. steelmaker.

There are two separate lawsuits, including one against rival Cleveland-Cliffs and the president of United Steelworkers.

A dramatic improvement in the prospects for United States Steel (NYSE: X) being sold to a foreign buyer led to a rally in the stock on the last trading day of the year. The storied industrial stock closed Tuesday nearly 10% higher in price on the back of the news.

United States Steel’s earnings and margins decline in 2024. Learn why X stock is slightly overvalued at $30, with a fair value of $25 per share.

Second lawsuit filed in U.S. District Court for the Western District of Pennsylvania against Cleveland-Cliffs, Cliffs’ CEO Lourenco Goncalves, and USW President David McCall for their illegal and coordinated actions aimed at preventing the transaction and attempting to undermine U.

By blocking a Japanese company’s takeover of U.S. Steel, President Joe Biden said he was protecting good jobs in the American heartland. He may be putting them at risk instead.

Japan-based Nippon Steel's $14.9 billion deal for its U.S. peer hangs in the balance, following objections from the Treasury Department's Committee on Foreign Investment in the United States (CFIUS).

Let’s have faith that Trump will reject the Biden administration’s politically motivated interference in the deal or get an even bigger, more spectacular one.

Canada plans retaliatory tariffs on U.S. products, including orange juice and steel, if Trump imposes tariffs on Canadian goods, escalating trade tensions between the nations.

Logical, but not perfect. The Wall Street Journal pointed out that a Cliffs-U.S. Steel combination "would control 100% of U.S. blast furnace production, 100% of domestic steel used in electric-vehicle motors, and 65% to 90% of other domestic steel used in vehicles."