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The U.S. agreed to support the construction of large-scale reactors from Westinghouse Electric Co. worth at least $80 billion, pledging much-needed government backing for the industry in the latest push to meet surging demand for electricity from artificial intelligence.

Financial assistance from the Trump administration is seen as key to giving companies the confidence they require to pursue the construction of expensive and time-consuming nuclear reactors. At the same time, it helps the White House deliver on its goal of scaling up an industry that's seen as vital to competing with China.

Westinghouse, as well as its owners Brookfield Asset Management and Canadian uranium producer Cameco Co

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