Biden Likely to Block Nippon Steel's Acquisition of U.S. Steel

Reported about 1 month ago

U.S. President Joe Biden is reportedly preparing to block the $14.9 billion acquisition of U.S. Steel by Nippon Steel, raising concerns about the impact on American jobs. U.S. Steel has warned that the deal's failure could jeopardize thousands of union jobs in the U.S.

Source: YAHOO

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