President Trump announced that Japan’s Nippon Steel was dropping its $14.1 billion acquisition of the Pittsburgh-headquartered U.S. Steel and would instead be making an “investment, rather ...

President Donald Trump announced a partnership between U.S. Steel and Japanese steelmaker Nippon that he says will keep the headquarters in Pittsburgh and draw $14 billion in investment toward the ...

President Donald Trump on Friday 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 ...

Still, Trump's statement left it vague as to whether he is approving Nippon Steel's bid after he vowed repeatedly to block the deal to prevent U.S. Steel from being foreign-owned.

The arrangement will guarantee an American CEO, a majority of board members from the U.S. and government approval over certain corporate functions, Sen. Dave McCormick says.

Shares of U.S. Steel soared 21% as investors interpreted Trump's post on Truth Social to mean Nippon Steel had received his approval for its long-planned takeover, the last major hurdle for the deal.

President Donald Trump said Friday that U.S. Steel will keep its headquarters in Pittsburgh as part of what he called a “planned partnership” that seemed to signal that he’ll approve a bid ...