US Stock Market Move | Negotiations between Nippon Steel and the U.S. government have entered the "final stage". United States Steel Corporation (X.US) has risen more than 7%.

On Friday, United States Steel Corporation (X.US) rose more than 7%, to $46. In terms of news, previously, Nippon Steel had planned to invest up to $14 billion in United States Steel Corporation with the approval of the Trump administration, including $4 billion to build a new steel plant in the US. This investment plan is part of Nippon Steel's acquisition of United States Steel Corporation, and the deal is currently in a critical review stage. The president of Nippon Steel recently stated that they are in final negotiations with the US government regarding the United States Steel Corporation transaction. The president of Nippon Steel stated that through our investment and latest technology, the planned acquisition will keep United States Steel Corporation competitive.