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WASHINGTON Even as Nippon Steel faced skepticism of its doomed $14.9 billion bid for US Steel from the Biden administration, it was also contending with headwinds from an unlikely source: the CEO of a rival bidder for the firm who repeatedly cast doubt on the deal’s prospects to investors. Lourenco Goncalves, CEO of steelmaker Cleveland-Cliffs, which
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US President Joe Biden is poised to officially block Nippon Steel’s proposed $14.9-billion purchase of US Steel, a person familiar with the matter said on Friday, dealing a probably fatal blow to the contentious merger plan. The Committee on Foreign Investment in the United States (CFIUS) spent months reviewing the deal for national security risks but referred the decision to Biden in December, after
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“Morning Joe” co-host Mika Brzezinski rushed to correct a guest who called Donald Trump a “rapist” — just weeks after ABC News settled a lawsuit with the incoming president after its star anchor made the nefarious claim. Scott Galloway, an entrepreneur and professor at NYU Stern School of Business, was discussing the economic reasons why voters
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