Reported 9 days ago
U.S. President Donald Trump expressed his disapproval of Nippon Steel's $14 billion bid for U.S. Steel Corp, asserting that he does not want the American steel company to go to Japan. Despite earlier indications from his administration suggesting the possibility of approving the deal, Trump's comments caused U.S. Steel's shares to drop significantly. The future of the acquisition remains uncertain as ongoing legal challenges and national security reviews complicate the situation.
Source: YAHOO