President Donald Trump signed an executive order on June 13 clearing the way for Nippon Steel’s $14.9 billion takeover of U.S. Steel, reversing a national-security-based block by his predecessor, President Biden . Key Deal Terms & Conditions Golden share & national-security agreement: The approval is contingent on a National Security Agreement giving the U.S. government veto power via a “golden share” in key decisions . $11 billion investment by 2028: Nippon Steel will invest at least $11 billion into U.S. operations by 2028, including new infrastructure and upgrading existing plants . U.S. Steel remains rooted: Headquarters will stay in Pittsburgh, with an American CEO and majority-U.S. board seats maintained . Job impact: Companies estimate the partnership will directly and indirectly support over 100,000 American jobs . Political & Market Context Reversal of Biden-er...
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