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Biden to Block Nippon Steel’s Takeover Bid of U.S. Steel

HeadlineJan 03, 2025

Two Biden administration officials say the president has decided to block the $15 billion takeover of U.S. Steel by the Japanese company Nippon Steel on national security grounds. The sale is opposed by unions including the United Steelworkers, whose support Biden won in 2020 after he pledged to oppose the merger.

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