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business joe biden blocks nippon steel us steel merger citing trump and unions opposition what this means exp

Joe Biden Blocks Nippon Steel-us Steel Merger Citing Trump And Unions Opposition. What This Means Explained

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President Biden blocks Nippon Steel's acquisition of U.S. Steel, citing opposition from both Trump and labor unions. The $15 billion merger would have created the third-largest steelmaker globally, but US Steel warns it risks thousands of union jobs.

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