Reported 2 days ago
U.S. President Donald Trump's endorsement of Nippon Steel's $14.9 billion acquisition of U.S. Steel has generated key uncertainties regarding the deal's details and costs for Nippon, leading to only modest share gains for the Japanese firm. Trump claimed the partnership would create 70,000 jobs and inject $14 billion into the U.S. economy, yet the exact nature of the partnership remains unclear. Despite a rise in U.S. Steel's shares following Trump's support, uncertainties persist, reflecting concerns over costs as analysts watch how this deal fits into Nippon Steel's global expansion plans.
Source: YAHOO