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Biden Rejects Nippon Steel's Bid for U.S. Steel, Prioritizing Domestic Ownership

2025-01-03The Wall Street Journal
Biden Rejects Nippon Steel's Bid for U.S. Steel, Prioritizing Domestic Ownership

In a move to protect American industry, President Biden has blocked the sale of U.S. Steel to Japan's Nippon Steel, upholding his promise to maintain domestic ownership of the iconic steelmaker. This decision follows a review by the Committee on Fore ...Read more

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