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Biden blocks Nippon Steel’s USD 14.1 billion takeover of U.S. Steel citing national security

On January 3, U.S. President Joe Biden announced he is blocking the USD 14.1 billion sale of United States Steel Corp. to Nippon Steel Corp. after the case was referred to him by a U.S. security review panel ahead of a deadline early next week.
The United Steelworkers union on January 2 said Nippon Steel Corp.’s late....

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