Shares of U.S. Steel jumped 21% Friday and rose another 2% Tuesday, nearing Nippon Steel’s $55 per share acquisition price, after President Donald Trump endorsed the long-contested merger, according to Barron's. The stock is now trading at $53.02, up from just under $40 in April 2024, following over a year of political scrutiny, competing bids, and regulatory hurdles. The announcement marked a major step forward for the deal, integrating the legacy American firm into one of the world’s largest steelmakers. Nippon plans to invest $14 billion in U.S. Steel's U.S. operations to expand capacity and create jobs.
