The Biden administration has extended the deadline for Nippon Steel to abandon its proposed $14.9 billion acquisition of U.S. Steel, providing a potential lifeline for the embattled deal.

U.S. Steel and Nippon Steel insist their combination would enhance, not threaten, U.S. security, and they accuse the president of playing politics. NPR's Scott Horsley joins us now. All this is ...

WASHINGTON — Nippon Steel and U.S. Steel filed a federal lawsuit challenging a Biden administration decision to block Nippon’s proposed $15-billion acquisition of the Pittsburgh company and ...