President Trump is considering allowing Nippon Steel (NPSCY) to complete its pending acquisition of U.S. Steel (X), Jennifer Jacobs of CBS News reports, citing multiple sources. Approval of the transaction isn’t definite, and Trump has not made a final decision, sources told CBS. The President is meeting with Japanese Prime Minister Shigeru Ishiba Friday and is expected to discuss the merger, along with automotive issues and tariffs, according to CBS. Shares of U.S. Steel are up 5% to $41.20 following the report.
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