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Nippon Steel shares down after US government blocks US Steel purchase

CNA
Summary
Nutrition label

74% Informative

Shares in Nippon Steel fell more than 1 per cent on Monday after U.S. President Joe Biden blocked its proposed $14.9 billion acquisition.

Biden cited national security concerns, in a potentially fatal blow to the deal after a year-long review.

Japanese steelmaker's share price decline was limited given Biden 's opposition had been well-flagged.

VR Score

80

Informative language

81

Neutral language

82

Article tone

formal

Language

English

Language complexity

52

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

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