Reported about 11 hours ago
President Trump revealed a partnership between United States Steel Corp. and Japan's Nippon Steel Corp., which he claims will keep US Steel based in America and create around 70,000 jobs. Despite market optimism leading to a surge in US Steel shares, details about the agreement remain sparse, and uncertainty looms over whether a $14.1 billion takeover proposal has been endorsed. While praising the potential for revitalization of the American steel industry, concerns arise from union leaders regarding Nippon Steel's past record and the impact on domestic jobs.
Source: YAHOO