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US President Joe Biden will reportedly block Nippon's (5401.T) $14.1 billion bid to by US Steel (X). According to the report from Bloomberg News, Biden will formally block the deal after it is referred back to him by the Committee on Foreign Investment later this month.

Market Domination Anchors Julie Hyman and Josh Lipton report on the breaking news.

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This post was written by Stephanie Mikulich.