US Steel Takeover’s Fate May Hang on the Words of a Union Boss

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(Bloomberg) — David McCall has a once-in-a-generation opportunity to do right by America’s industrial workers, and he’s ready to seize the moment.

As head of the United Steelworkers, McCall finds himself in an unlikely place of power. Labor groups traditionally haven’t had much sway in US corporate takeovers. But 2024 is, of course, no ordinary year. So thanks to a growing political maelstrom that’s thrust the steelworker into the center of campaign rhetoric, McCall is now one of the most-crucial voices that can help decide the fate of Nippon Steel Corp.’s proposed $14 billion takeover of the storied United States Steel Corp.