The ban of TikTok in the United States is set to create a glaring hole in social media. For ByteDance, TikTok’s parent company in China, it also could create a glaring hole in its business. The ban, which was signed into federal law last year and upheld by the Supreme Court on Friday, is a […]

U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger after President Biden blocked it last week on the basis that the transaction posed a threat to national security. The lawsuit, filed in a federal court in Washington, accused Mr. Biden and other […]

President Biden has decided to block the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement expected as soon as Friday based on grounds that the sale poses a threat to national security, according to people familiar with the matter. The decision would be an extraordinary use of executive power, […]