Sen. Dave McCormick (R-Pa.) said Tuesday the U.S. government will have a golden share in Nippon Steel’s acquisition of U.S. Steel, giving it power over some of the decisionmaking. “It’s a

President Donald Trump cleared Nippon’s bid for U.S. Steel on Friday, referring to the deal as a “partnership.”

For Japan's top steelmaker, U.S. Steel is central to its global expansion strategy at a time when domestic demand is declining.

President Trump endorsed a plan that would link the U.S. and Japanese steel makers that had been blocked on national security grounds.

Market Domination co-host Josh Lipton tracks today's top stories and stocks in this Market Minute. Bitcoin (BTC-USD) pulls back from recent highs above $111,900 amid the market downturn. Nippon Steel's (NPSCY) planned acquisition of US Steel (X) continues to hang in the balance,

U.S. President Donald Trump's comments supporting Nippon Steel's $14.9 billion bid for U.S. Steel left lingering questions about the scope of the deal and its costs for the Japanese firm, leading to muted gains for its shares on Monday.