U.S. President Donald Trump stated that national security concerns regarding Nippon Steel’s $14.9 billion acquisition of U.S. Steel could be resolved if specific conditions are met. This statement has paved the way for potential approval of the deal. Shares of U.S. Steel increased by 3.5% following the announcement. Trump issued an executive order outlining conditions to mitigate national security risks but did not provide detailed specifics. The companies announced a commitment to invest $11 billion by 2028 and governance agreements, including issuing a golden share to the U.S. government. Despite earlier opposition from former President Joe Biden and Trump himself, who both emphasized keeping U.S. Steel under American ownership, the Trump administration reopened the deal for review. However, confusion remains over the extent of control Nippon Steel would have in the deal. Negotiations are ongoing, with a pause in litigation set to expire soon.
— new from NBC News
