The Trump administration filed a motion to extend two deadlines in U.S. Steel (X) and Nippon Steel’s (NPSCY) lawsuit against a U.S. national security panel to give the government more time to wrap up merger talks with the firms in what Reuters calls “the clearest indication that President Donald Trump may allow the deal, scuttled by his predecessor Joe Biden, to proceed in some form.” A motion last week from the Department of Justice calls for extending briefing deadlines in the CFIUS lawsuit for 21 days, and rescheduling the oral arguments for the week of May 12 from April 24, Reuters reported.
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