US Stock Market Move | Trump approves Nippon Steel's acquisition deal, United States Steel Corporation (X.US) surges over 5%

On Monday, the stock price of United States Steel Corporation (X.US) rose, with the stock up over 5% to $54.86 at the time of writing. In terms of news, US President Trump officially approved the deal for Nippon Steel to acquire United States Steel Corporation for $14.9 billion. Trump signed an executive order, stating that if both parties sign an agreement with the US Treasury to address national security issues in the transaction, the acquisition can proceed. Subsequently, the two companies announced that they have signed the relevant agreements, meeting the requirements of the executive order, meaning the deal has received official approval. According to reports, the agreement includes a plan to invest $11 billion by 2028 and covers governance structures, capacity guarantees, and trade commitments. The parties also noted that the US government will receive a "golden share," but did not disclose further details.