Search This Blog

Friday, May 23, 2025

'Trump Shocks With US Steel-Nippon Deal But Details Elusive'

 


President Donald Trump on Friday announced a partnership between United States Steel Corp. and Japan’s Nippon Steel Corp., shocking markets with an agreement he said would keep the once-iconic American firm in the US but otherwise providing no specifics.

He stopped short of explicitly endorsing Nippon Steel’s earlier proposed $14.1 billion takeover of US Steel, but shares of the company surged as much as 26% in late Friday trading — signaling optimism over the deal’s prospects.

https://www.bloomberg.com/news/articles/2025-05-23/trump-backs-us-steel-nippon-partnership-following-cfius-review

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.