US stock abnormal movement | Negotiations between Nippon Steel and the US government have entered the "final stage", US Steel (X.US) rises more than 7%

According to the Securities Times APP, on Friday, American Steel (X.US) rose more than 7%, reaching $46. In terms of news, Nippon Steel had planned to invest as much as $14 billion in American Steel, including $4 billion to build a new steel plant in the United States, on the condition of obtaining approval from the Trump administration for the acquisition. This investment plan is part of Nippon Steel's merger with American Steel, 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 U.S. government regarding the acquisition of American Steel. The president of Nippon Steel also mentioned that the planned acquisition will use their investment and latest technology to keep American Steel competitive.