US Steel, Nippon sue Biden over move to block $14B deal: ‘Shameful and corrupt'

US Steel and Japan’s Nippon Steel on Monday sued the US government in a bid to revive their $14 billion merger after President Biden blocked the deal last week – a move US Steel’s CEO called a “shameful” capitulation to a union boss.The lawsuit, filed in a federal court in Washington, accused Biden and senior administration officials of corrupting the deal’s review process, and harming American steel workers by blocking the deal.“Nippon Steel and US Steel are disappointed to see such a clear and improper ex ...