nippon steel – One America News Network

U.S. Steel And Nippon Sue Biden Over Blocked $14B Deal, Calling It ‘Corrupt and Shameful’

U.S. Steel and Japan’s Nippon Steel sued the U.S. government on Monday in a bid to challenge the Biden administration’s order to block the almost $15 billion deal for the Japanese company to buy the American steelmaker.

WASHINGTON, DC - JANUARY 02: U.S. President Joe Biden speaks during a ceremony to award the Presidential Citizens Medal in the East Room of the White House on January 02, 2025 in Washington, DC. Biden gave the medal to 20 people who worked on causes supported by the president during his decades of public service, including desegregation, women's rights, gun safety, LGBTQ+ rights, cancer research and military affairs. (Photo by Chip Somodevilla/Getty Images)

Biden Vows To Block U.S. Steel Sale To Japan’s Nippon Steel

President Joe Biden announced Friday that he would block the sale of U.S. Steel to Japanese-owned Nippon Steel after a yearlong review of the possible acquisition.

A specialist trader works inside a post on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., September 9, 2024. REUTERS/Brendan McDermid/File Photo

Wall St subdued as investors await Fed decision with bated breath

Wall Street’s main indexes were flat as investors stepped onto the sidelines ahead of the Federal Reserve’s highly anticipated first interest rate cut in more than four years.

Workers install the fuel cell power system in a Toyota Mirai at a Toyota Motor Corp. factory in Toyota in Aichi Prefecture, Japan, Apriil 11, 2019. Picture taken on April 11, 2019. REUTERS/Joe White/File Photo

Toyota agrees to biggest wage hike in 25 years, paves way for BOJ shift

Toyota Motor agreed to give factory workers their biggest pay increase in 25 years.

WASHINGTON, DC - NOVEMBER 15: U.S. Sen. John Fetterman (D-PA) departs from the Senate Chambers in the U.S. Capitol Building on November 15, 2023 in Washington, DC. The U.S. Senate passed short-term funding legislation in an 87 to 11 vote to fund the U.S. government through early 2024. (Photo by Anna Moneymaker/Getty Images)

Fetterman Says U.S. Steel Sale Is ‘Absolutely Ridiculous,’ Will Work To Block It

Senator John Fetterman declared on Monday that he will try to block the $14.9 billion sale of U.S. Steel Corp. to Nippon Steel, a Japanese steel manufacturer, calling the deal “outrageous.”