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  • 1 year ago
U.S. Steel shares rose about 5% on Monday after President Trump approved its merger with Japan’s Nippon Steel, contingent on a national security agreement.

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00:00U.S. Steel shares rose about 5 percent Monday after President Trump approved its merger
00:05with Japan's Nippon Steel, contingent on a national security agreement.
00:10The agreement, which the company signed, includes a golden share granting the U.S. president
00:15veto power over key decisions like relocating headquarters or shifting jobs abroad.
00:20Commerce Secretary Howard Lutnick clarified this golden share ensures the government can
00:25block actions that might compromise national interests.
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