U.S. Steel shares rise
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President Donald Trump would have unique influence over the operations of U.S. Steel under the terms of what the White House calls an "investment" being made by Japan-based Nippon Steel in the iconic American steelmaker.
US media report the government's "golden share" in US Steel after it's acquired by Nippon Steel will give the White House significant sway over the company's management.
3don MSN
President Donald Trump has signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted
Companies fulfill Trump’s requirements for deal Agreement includes US$11 billion (RM46 billion) in new investments Nippon Steel says it will take 100 per cent stake in