Reported 3 days ago
President Trump stated that the United States will control U.S. Steel in a partnership with Japanese firm Nippon Steel, which plans to invest $14 billion into U.S. Steel operations. The merger is expected to create 70,000 jobs and positions U.S. Steel as the third-largest steel producer globally. While details remain scarce, investors are hopeful for terms similar to those agreed upon in 2023.
Source: YAHOO