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Biden administration's ESG rule upheld despite GOP opposition

  • Federal judge rejects Republican-led states' bid to block Biden rule allowing retirement plans to consider ESG factors.
  • GOP states claimed rule would harm Americans' retirement savings.
  • House passed GOP resolution to repeal rule but Biden vetoed it.
  • Rule reversed Trump-era restrictions on ESG factors in investing.
  • ESG investing evaluates companies on environmental, social, governance issues.
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