Reported 1 day ago
President Trump has signed an executive order allowing Nippon Steel's investment in U.S. Steel, contingent on adherence to a national security agreement that includes an $11 billion investment by 2028 and a 'golden share' for the U.S. government to ensure national security. Both companies announced the deal following regulatory approvals, with Nippon Steel previously facing obstacles during the Biden administration. The partnership aims to strengthen American steelmaking while addressing national security concerns.
Source: YAHOO