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Japan’s Nippon Steel offers governmental veto power for U.S. Steel production

UPI
Summary
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88% Informative

Nippon Steel officials want to buy Pittsburgh -based U.S. Steel for $15 billion .

President Joe Biden has opposed the proposed merger.

The federal Committee on Foreign Investment in the United States last week was deadlocked in its review of the proposed sale.

The Department of Justice also is reviewing the sale to determine if the merger might violate antitrust laws.