US Steel rises after Nippon Steel's takeover bid gets Trump support

ReutersMay 27, 2025 9:28 AM

United States Steel X.N rises 1% to $52.50 premarket

Donald Trump, in a post on Truth Social, expressed support for Nippon Steel's 5401.T $14.9 billion bid for co

Planned partnership will create ~70,000 jobs, add $14 bln to U.S. economy, Trump said

Added bulk of investment would occur in next 14 months

Nippon Steel declined to comment on investment and timeline cited by Trump

It remains unclear whether "partnership" refers to full acquisition of U.S. Steel

About 8% of X's float was sold short as of May 27, per LSEG-compiled data

YTD, X rises 53%

Disclaimer: The information provided on this website is for educational and informational purposes only and should not be considered financial or investment advice.

Recommended Articles

Strategy Sells Coins to Survive. CEO Says It Is to Better Hold Bitcoin?

TradingKey - Strategy, the world's largest Bitcoin holder, recently released its first-quarter earnings report, posting a net loss of $12.54 billion. Diluted loss per share reached $38.25, far exceeding the market expectation of $18.98.

Why SanDisk Stock Could Soar to $4,000?

If SanDisk continues along its path and actually achieves the consensus estimate of $168 in earnings per share in one year, a P/E multiple of 22 — which is a rather conservative estimate of the S&P 500 average — would imply a stock price of close to $4,000.

Global First Storage ETF Surges 88% Five Weeks After Listing. Is It Too Late to Buy Now?

TradingKey - Since its listing on April 2, the Roundhill Memory ETF (DRAM) has surged 88% in just 25 trading days, with assets under management (AUM) surpassing $5 billion. This pace of growth is second only to the 24-day record set by the iShares Bitcoin Trust (IBIT).

AI Chip Sector Adds Heavyweight Player, Nvidia Rival Cerebras Plans to List Next Week, Targeting Largest US IPO of the Year

TradingKey - AI chipmaker Cerebras is reportedly planning to list on Nasdaq on May 14 under the ticker symbol “CBRS.” The IPO is expected to be the largest in the U.S. this year, placing Nvidia’s (NVDA) strongest challenger in the AI computing space officially under the capital market spotlight.

AMD Q1 Earnings: Data Center Revenue Surges 57% Driving Results Above Estimates, Shares Rise Over 16% After Hours

TradingKey - On May 5 (ET), Advanced Micro Devices (AMD) released its first-quarter fiscal 2026 financial results after the market close. The company reported revenue of $10.253 billion, up 38% year-over-year, exceeding market expectations of $9.89 billion. Non-GAAP earnings per share (EPS) were $1.

Featured Tools