nippon

Trump greenlights Nippon merger with US Steel

https://www.cnbc.com/2025/05/23/trump-greenlights-nippon-merger-with-us-steel.html President Trump announced a “planned partnership” between U.S. Steel and Japan’s Nippon Steel, following the blocked $14.9B acquisition over national security concerns. Trump claimed the deal would create 70,000 jobs and add $14B to the U.S. economy, with most investment over 14 months. U.S. Steel will stay in Pittsburgh. Shares surged 24%. https://nypost.com/2025/05/23/us-news/japan-based-nippon-steel-can-invest-in-us-steel-trump-says/

U.S. Steel shares drop as Biden plans to block purchase by Japan Nippon Steel.

WASHINGTON (Reuters) -U.S. President Joe Biden plans to express concern over Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel, a person familiar with the matter said on Wednesday, pushing the U.S. company’s stock nearly 13% lower on bets the deal could face greater political opposition. The issue has the potential to overshadow an April …

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