U.S. Steel Stock Is Rising. Trump OKs Nippon Deal
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KEY TAKEAWAYS United States Steel shares are jumping in premarket trading Monday, as the Pittsburgh-based company’s takeover by Japan’s Nippon Steel looks set to close following the deal's approval by President Donald Trump.
Trump administration offers some details of how it would control US Steel, but union raises concerns
President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an “investment” being made by Japan-based Nippon Steel in the iconic American steelmaker.