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January 3, 2025

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