US Steel, Nippon sue Biden over move to block $14B deal: ‘Shameful and corrupt'
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US Steel and Nippon have filed a lawsuit against President Biden and senior administration officials, accusing them of corrupting the review process and harming American steel workers by blocking a $14 billion deal.
January 06, 2025 | 3:00 pm
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US Steel is suing President Biden over the blocking of a $14 billion deal, alleging corruption in the review process and harm to American steel workers.
The lawsuit against the Biden administration could lead to legal uncertainties and potential delays in strategic deals for US Steel, negatively impacting investor sentiment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100