U.S. Steel jumps after Trump orders CIFUS review of deal

Shares of U.S. Steel (X) moved higher after President Trump ordered a review of Nippon Steel’s (NPSCY) proposed acquisition by Committee on Foreign Investment in the United States. “CFIUS shall submit a recommendation to me describing whether any measures proposed by the parties are sufficient to mitigate any national security risks identified by CFIUS. This recommendation shall include a statement describing each member agency’s position, including the reasons for such position,” the White House said in a statement. Shares of U.S. Steel are up 12%, or $4.48, to $42.77 in morning trading.