US Steel stock rose on Monday after President Donald Trump approved a deal to acquire Japanese steelmaker Nippon Steel. The approval came after the US government secured a “golden share” in the company, giving it a significant stake in the operation. This move is seen as a victory for US Steel, which had been locked in a lengthy takeover battle with Nippon Steel for control of the global steel market. The deal’s details have not been made public, but analysts expect it to create new opportunities for US Steel and boost its stock price.
Source: https://www.barrons.com/articles/us-steel-stock-nippon-2ac5e303