President Joe Biden announced he was suspending the purchase of U.S. Steel by Japan’s Nippon Steel, citing the sale as a potential threat to national security. The a

U.S. Steel and Nippon Steel filed a separate lawsuit in the U.S. Court of Appeals in Washington, D.C., against the Biden administration to overturn the order and force a new review that could potentially lead to the deal. The Pittsburgh suit against Cliffs and McCall doesn't have any bearing on that decision.

Ancora Holdings, a Mayfield Heights-based institutional asset management company and private wealth advisor, is calling on U.S. Steel to drop its merger agreement with Japanese-owned Nippon Steel, end its litigation against the federal government seeking to keep the deal alive and oust its Chief Executive.

NEW YORK -- At the center of the legal battle over Nippon Steel's planned purchase of U.S. Steel is a pair of strong personalities: Eiji Hashimoto, the Nippon Steel CEO who once sued key customer Toyota Motor, and Lourenco Goncalves, the blunt-spoken CEO of rival steelmaker Cleveland-Cliffs.

Nucor may be interested in acquiring parts of U.S. Steel if the $14.9 billion deal for Nippon Steel to purchase U.S. Steel falls through.

An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company.Ancora Holdings Group reported acquiring a 0.

Ancora Holdings Group, with $10 billion in assets, reported acquiring a 0.18% stake in the Pittsburgh company. It said Monday that U.S. Steel CEO David Burritt and the company’s board have prioritized a sale to Nippon because they stand to receive more than $100 million if it goes forward.

US Steel's major shareholder opposes activist's push to nominate directors and end Nippon Steel deal, causing stock to fall 1.4%.

An asset manager, Ancora, is challenging Nippon Steel's proposed takeover of U.S. Steel, calling for new leadership at the steelmaker after acquiring a small stake in the company. U.S. Steel is one of the major producers of steel in the U.S., employing more than 20,000 people in this a strategically important industry.

US Steel faces a proxy battle as activist investor Ancora pushes to oust CEO and drop merger with Nippon Steel, sparking shareholder dissent.

The broader stock market sentiment has been shaky due to concerns that President Trump will implement potential trade tariffs, affecting some of the major industries in the United States economy and those of its trading partners.