US Steel shares soar on Trump’s apparent blessing for deal with Nippon | Business and Economy News

Investors interpreted Trump’s comments to mean Nippon Steel had received his approval for its takeover of US Steel.

United States President Donald Trump has expressed support for Nippon Steel’s $14.9bn bid for US Steel, saying their “planned partnership” would create jobs and help the US economy.

Shares of US Steel soared 21 percent on Friday after Trump’s comments as investors interpreted the president’s post on Truth Social to mean Nippon Steel had received his approval for its…