US Steel, Nippon sue Biden administration over decision to block merger
Briefly

The lawsuit, filed on Monday, alleges US President Joe Biden prejudiced the decision of the Committee on Foreign Investment in the US (CFIUS), violating the companies' right to a fair review.
Nippon Steel and US Steel have engaged in good faith with all parties to underscore how the Transaction will enhance, not threaten, United States national security.
This is the first time a US president has blocked a merger between a US and Japanese firm, raising concerns over political motivations behind the decision.
Without Nippon Steel's cash, US Steel risks shifting production to cheaper non-union electric arc furnaces and moving its headquarters from Pittsburgh.
Read at www.aljazeera.com
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