President Donald Trump plans to headline a rally on Friday in Pittsburgh, Pennsylvania, in order to celebrate the “planned partnership” between Nippon Steel (NPSCY) and U.S. Steel (X), suggesting final approval for the deal could be forthcoming, Reuters’ Alexandra Alper and Jeff Mason report. The president has until next week to make a final decision on the merger, according to the report.
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on X:
- Nippon Steel to invest Y868.7B to reduce carbon emissions
- U.S. Steel downgraded to Sell from Buy at GLJ Research
- Jefferies downgrades Cleveland-Cliffs on U.S. Steel deal negatives
- Trump Trade: President working on taking Fannie Mae, Freddie Mac public
- U.S. will get golden share in U.S. Steel-Nippon Steel deal, Bloomberg reports