U.S. Signs Commercial Nuclear Agreement with Saudi Arabia

Why it matters locally: While the direct impact on New York's economy is not immediately apparent, the agreement's potential to bolster U.S. exports and influence global energy markets could indirectly affect businesses and the job market within the state.

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The Trump administration signed a commercial nuclear agreement with Saudi Arabia, providing American companies with priority access to the Saudi nuclear market. The deal specifically positions U.S. firms to supply nuclear reactors and fuel to Saudi Arabia. Officials anticipate the agreement will remain in effect for decades. Projections estimate the deal's value at billions of dollars.