2025-06-17 11:52:18 ET

Introduction

On June 12th, President Trump announced an update to the potential deal with US Steel ( X ) and Nippon Steel ( NPSCY ), a buyout which was previously blocked by President Biden, with Trump essentially giving it a go-ahead in a twist of fate for both firms. The caveat is that the US government is to receive a "Class G" share of US Steel....

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