From Yahoo Finance: 2025-05-24 04:30:00

President Trump approved the merger of United States Steel and Nippon Steel after blocking the Japanese steelmaker’s prior attempt on national security grounds. Former President Joe Biden cited concerns over U.S. supply chains in preventing the acquisition. The merger is expected to create 70,000 jobs and add $14 billion to the U.S. economy, with most investments occurring over the next 14 months. Shares of U.S. Steel jumped 21% after Trump’s endorsement on Truth Social.



Read more at Yahoo Finance: President Trump Endorses Nippon-U.S. Steel Merger, Promises Economic Boost