Rich Dads News
  • World
  • US Politics
  • Travel
  • Sports
  • Entertainment
No Result
View All Result
Rich Dads News
  • World
  • US Politics
  • Travel
  • Sports
  • Entertainment
No Result
View All Result
Rich Dads News
No Result
View All Result

Trump clears Nippon merger with U.S. Steel

May 30, 2025
in World
Trump clears Nippon merger with U.S. Steel

President Donald Trump on Friday cleared the merger of U.S. Steel and Nippon Steel, after the Japanese steelmaker’s previous bid to acquire its U.S. rival had been blocked on national security grounds.

“This will be a planned partnership between United States Steel and Nippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy,” Trump said in a post on his social media platform Truth Social.

U.S. Steel’s headquarters will remain in Pittsburgh and the bulk of the investment will take place over the next 14 months, the president said. U.S. Steel shares surged more than 20% to close at $52.01 per share after Trump’s announcement.

Pennsylvania Gov. Josh Shapiro applauded the agreement, saying he worked with local, state and federal leaders ‘to press for the best deal to keep U.S. Steel headquartered in Pittsburgh, protect union jobs, and secure the future of steelmaking in Western Pennsylvania.’

In his own statement, Lieutenant Gov. Austin Davis called the announcement ‘promising,’ but added: ‘I want to make sure everyone involved in the deal holds up their end of the bargain. I look forward to seeing the promised investments become a reality and the workers receive everything they’ve fought for.’

President Joe Biden blocked Nippon Steel from purchasing U.S. Steel for $14.9 billion in January, citing national security concerns. Biden said at the time that the acquisition would create a risk to supply chains that are critical for the U.S.

Trump, however, ordered a new review of the proposed acquisition in April, directing the Committee on Foreign Investment in the United States to determine “whether further action in this matter may be appropriate.”

Trump said he would hold a rally at U.S. Steel in Pittsburgh on May 30.

This post appeared first on NBC NEWS

Related Posts

Divided Fed proposes rule to ease capital requirements for big Wall Street banks
World

Divided Fed proposes rule to ease capital requirements for big Wall Street banks

The Federal Reserve on Wednesday proposed easing a key capital rule that banks say has limited their ability to operate,...

June 27, 2025
Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’
World

Small-business AI use is lagging, but one firm is channeling Sherlock Holmes and knocking out ‘grunt work’

Chris Schwegmann is getting creative with how artificial intelligence is being used in law. At Dallas-based boutique law firm Lynn...

June 26, 2025
How Fanatics is teaching business acumen to pro athletes
World

How Fanatics is teaching business acumen to pro athletes

Sports merchandising giant Fanatics is aiming to build a training camp for athletes to prepare them for life off the...

June 25, 2025
Apple sued by shareholders who allege it overstated AI progress
World

Apple sued by shareholders who allege it overstated AI progress

Apple was sued on Friday by shareholders in a proposed securities fraud class action that accused it of downplaying how...

June 24, 2025
Next Post
United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

United Airlines reaches ‘industry-leading’ labor deal with flight attendants, union says

Trump denounces court’s ‘political’ tariff decision, calls on Supreme Court to act quickly

Trump denounces court’s ‘political’ tariff decision, calls on Supreme Court to act quickly

    Enter Your Information Below To Receive Latest News And Articles

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!

    Recommended

    Trump denounces court’s ‘political’ tariff decision, calls on Supreme Court to act quickly

    Trump denounces court’s ‘political’ tariff decision, calls on Supreme Court to act quickly

    May 30, 2025
    SEC increases fines for field and court storming without safety measures

    SEC increases fines for field and court storming without safety measures

    May 30, 2025
    US stocks rebound on Mon: Dow Jones up 0.6%, Nasdaq jumps 1%

    US stocks rebound on Mon: Dow Jones up 0.6%, Nasdaq jumps 1%

    June 16, 2025
    Texas vs. Texas Tech softball highlights: Red Raiders force Game 3

    Texas vs. Texas Tech softball highlights: Red Raiders force Game 3

    June 6, 2025

    Categories

    • Entertainment
    • Sports
    • Travel
    • US Politics
    • World
    AI surge poised to propel alphabet shares higher, this analyst says
    Travel

    AI surge poised to propel alphabet shares higher, this analyst says

    June 27, 2025
    0

    Shares of tech giant Alphabet (GOOGL) are anticipated to climb in the coming months, buoyed by the accelerating integration of...

    Read more
    Super Bowl halftime show protester arrested by Louisiana State Police

    Super Bowl halftime show protester arrested by Louisiana State Police

    June 27, 2025
    Flashback: The debate night against Trump that threw Biden’s reelection campaign into a free fall

    Flashback: The debate night against Trump that threw Biden’s reelection campaign into a free fall

    June 27, 2025
    Divided Fed proposes rule to ease capital requirements for big Wall Street banks

    Divided Fed proposes rule to ease capital requirements for big Wall Street banks

    June 27, 2025
    VOO vs. 11% yielding JEPI ETF: My pick for long-term growth

    VOO vs. 11% yielding JEPI ETF: My pick for long-term growth

    June 26, 2025

    Disclaimer: RichDadsNews.com, its managers, its employees, and assigns (collectively “The Company”) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    • Email Whitelisting
    • Terms and Conditions
    • Privacy Policy
    • Contacts
    • About us

    Copyright © 2024 RichDadsNews. All Rights Reserved.

    No Result
    View All Result
    • World
    • US Politics
    • Travel
    • Sports
    • Entertainment