BUZZ-US Steel rises after report Trump considering allowing its sale to Nippon Steel
Shares of United States Steel X.N rise 4.6% to $41.06
U.S. President Donald Trump is considering allowing Japan's Nippon Steel 5401.T to complete its $14.9 billion buyout of U.S. Steel, CBS News reports
Approval of the transaction is not definite, and Trump has not changed his mind on the sale, report says citing sources
U.S. Steel and Nippon did not immediately respond to Reuters' requests for comments
Nippon had clinched the deal to buy U.S. Steel in 2023, but the merger has since faced opposition from the powerful Steelworkers' union as well as politicians
Former U.S. president Joe Biden had blocked the acquisition on national security grounds in January, but delayed an order for Nippon to abandon its bid for U.S. Steel until June
Trump had also opposed the deal before
As of last close, U.S. Steel shares up 20.6% YTD
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