Shares of U.S. Steel (X) moved higher after ABC News reported, citing sources, that President Trump is meeting with the company’s leaders and FedEx (FDX). U.S. Steel has called on Trump to reverse former President Biden’s decision to block the company’s planned takeover by Nippon Steel (NPSCY). Shares of U.S. Steel are up 4%, or $1.42, to $39.32 in midday trading.
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