President Donald Trump cleared Nippon's bid for U.S. Steel on Friday, referring to the deal as a "partnership."

US Steel (NYSE:X) +1.2% in early trading Tuesday after President Trump appeared to award conditional approval on Friday for Nippon Steel's (OTCPK:NPSCY) (OTCPK:NISTF) takeover that he described as a "partnership,

Sen. Dave McCormick (R-Pa.) said Tuesday the U.S. government will have a golden share in Nippon Steel’s acquisition of U.S. Steel, giving it power over some of the decisionmaking. “It’s a

The federal government will also have say over U.S. board members in a tie-up between Japan’s Nippon Steel and U.S. Steel, according to a lawmaker.

TOKYO] Nippon Steel is considering offering a so-called golden share in US Steel to the US government in order to finalise its long-sought acquisition of the iconic American firm, Japan’s Nikkei newspaper reported on Tuesday (May 27).

This announcement comes after Nippon Steel revealed plans to invest $14bn (Y2.01trn) into US Steel's operations, including up to $4bn for a new steel mill.

U.S. President Donald Trump's comments supporting Nippon Steel's $14.9 billion bid for U.S. Steel left lingering questions about the scope of the deal and its costs for the Japanese firm, leading to muted gains for its shares on Monday.

Market Domination co-host Josh Lipton tracks today's top stories and stocks in this Market Minute. Bitcoin (BTC-USD) pulls back from recent highs above $111,900 amid the market downturn. Nippon Steel's (NPSCY) planned acquisition of US Steel (X) continues to hang in the balance,