The Latest Breaking News from US Steel

This liveblog is now closed.

President Trump announced a U.S. Steel-Nippon merger that would give the American government a controlling role in the new company.

Temporary reprieve comes after the leading university sued the Trump administration – key US politics stories from Friday 23 May at a glance

US President Donald Trump on Friday threw his support behind a new "partnership" between US Steel and Japan's Nippon Steel, sending the American firm's share price skyrocketing on hopes of an end to the long-running saga over foreign ownership of a key national asset.

Biden had blocked Japanese acquisition, citing national security, with Trump previously agreeing he was ‘totally against’ it

The S&P 500 Index ($SPX ) (SPY ) Friday closed down -0.67%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.61%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -0.93%. June E-mini S&P futures (ESM25 ) are down -0.77%, and June E-mini Nasdaq futures...

Billionaire Dan Loeb’s stake revives buzz around U.S. Steel. Should investors follow the money amid the revived Nippon merger talks, or wait it out?

Pittsburgh residents, workers and business owners react to the increasingly fraught trading reality now upending supply chains and hitting prices

The S&P 500 Index ($SPX ) (SPY ) Thursday closed down -3.46%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -2.50%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed down -4.19%. June E-mini S&P futures (ESM25 ) are down -3.51%, and June E-mini Nasdaq futures...