New York, January 4: US President Joe Biden announced on Friday his decision to block a USD 14.3 billion acquisition of US Steel by Japan's Nippon Steel, a significant exercise of executive authority towards the end of his administration, CNN reported.
Tokyo, Jan 4: Japan's Nippon Steel Corp. is set to file a lawsuit in response to United States President Joe Biden's decision to block its takeover of US Steel Corp., local media reported Saturday.