Joe Biden delays order to end Nippon Steel bid for US Steel

Suspension of executive order until 18 June gives courts time to review steelmakers' legal challenge

The Biden administration has delayed until June an order for Nippon Steel to abandon its $14.9bn bid for US Steel, potentially giving the companies some time to revive the politically contentious deal.

Joe Biden blocked the acquisition on national security grounds on 3 January and the treasury secretary, Janet Yellen, said this week the proposed deal had received a thorough analysis" by the Committee on Foreign Investment in the United States (CFIUS).