By blocking the sale of U.S. Steel to Nippon Steel, President Joe Biden sold out American industry, workers and national security to “Big Labor,” writes U.S. Sen. Mitch McConnell, R-Kentucky, in a Wall Street Journal op-ed published Wednesday.

Separate lawsuits from Nippon Steel and U.S. Steel target President Joe Biden as well as a steelworkers union head and a rival steelmaker’s CEO.

Nippon Steel Chief Executive Eiji Hashimoto says the top Japanese steelmaker is standing firm on its proposed $15 billion acquisition of U.S. Steel

President-elect Donald Trump’s comments Tuesday, touting a United Arab Emirates company’s planned $20 billion investment in U.S. data centers, could spark hope for the proposed takeover of U.S. Steel by Japan’s Nippon Steel.

U.S. Steel Corp. (X) shares climbed over 3% on Tuesday morning after the company, alongside Japan's Nippon Steel, filed lawsuits to contest President Joe Biden's decision to block their proposed merger.

President Joe Biden’s decision to reject a bid by Nippon Steel to acquire U.S. Steel isn’t the first time friction over trade and investment has irked Washington’s closest ally in Asia

President-elect Trump has also opposed Nippon Steel's $15 billion acquisition of U.S. Steel, which President Biden blocked last week.

By Alexandra Alper, Aatreyee Dasgupta and Yuka Obayashi WASHINGTON (Reuters) -U.S. President Joe Biden unlawfully blocked Nippon Steel's $14.9 billion bid for U.S. Steel through a sham national security review,