The hearing for a lawsuit that Nippon Steel and U.S. Steel brought against U.S. President Joe Biden's administration is scheduled for February and March, Kyodo news agency reported on Monday, without citing sources.

There is only one Fortune 500 Company with "Cleveland" in its name. Why it matters: Maybe not for long. Driving the news: Cleveland-Cliffs CEO Lourenco Goncalves announced Monday in a rambling two-hour press conference that if a proposed acquisition of U.

The company’s renewed interest comes after the Biden administration blocked Nippon Steel from acquiring the onetime American powerhouse.

Another Joe from Delaware—the one finishing up his final days in the White House—apparently sees himself in the same light, having stepped in to nix a $15 billion deal between U.S. Steel and Japan’s Nippon Steel.

President-elect Donald Trump's opposition to the U.S. Steel deal with Nippon Steel undermines his claims to helping the working-class voters who elected him.

The deal-focused orientation of President-elect Trump can serve as both the carrot and the stick in a new diplomatic paradigm.

The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden blocked the deal.

The companies, whose $55 a share cash deal to acquire U.S. Steel was first proposed Dec. 18, 2023, are working against a June 18 deadline for the merger.

Biden said he blocked the $14 billion takeover of U.S. Steel by Japan's Nippon Steel on the grounds the sale was a threat to national security.

A joint bid for U.S. Steel from two domestic rivals has the potential support of Gov. Josh Shapiro. In a statement to The Center Square on Monday, the governor’s office said Cleveland-Cliffs CEO Lourenco Goncalves has made “meaningful commitments to Pennsylvania” in conversations about a formal offer the Ohio-based company plans to make with Nocur,

U.S. Steel ( X 0.41%) has been in the news for months since Japan's Nippon Steel made a generous offer for the iconic American steelmaker. Nippon's $14.9 billion bid in late 2023 represented a nearly 40% premium to U.S. Steel's share price at the time.

United States Steel Corp. and Nippon Steel Corp. have been granted a six-month extension to a deadline in President Joe Biden’s executive order to dissolve Nippon's proposed acquisition of U.S. Steel as the companies appeal the order in an effort to save their proposed $14.9 billion deal.