Nippon Steel says it's suing Biden admin for blocking US Steel acquisition

Nippon Steel and U.S. Steel have filed a lawsuit challenging the Biden administration's order to block the nearly $15 billion deal for the Japanese company to buy the American steelmaker.

The lawsuit, filed in the U.S. Court of Appeals for the District of Columbia Circuit, asks the court to set aside an order by the Committee on Foreign Investment in the U.S. and President Biden to block the sale.

The companies also filed a second lawsuit against competitor Cleveland-Cliffs, its CEO Lourenco Goncalves...