United States Steel (X) shares popped Friday after President Donald Trump said the company will partner with Japan's Nippon Steel, seemingly ending a long-running will-they-won't-t🐈hey deal drama.

“I am proud to announce that, after much consideration and negotiation, US Steel will REMAIN in America, and keep its Headquarters in the Great City of Pittsburgh,” Trump said on Truth Social. “This will be a planned partnership between United States Steel and N🍌ippon Steel, which will create at least 70,000 jobs, and add $14 Billion Dollars to the U.S. Economy.”

U.S. Steel did not immediately respond to Investopedia's request for comment.

Shares of US Steel jumped 21% Friday. The stock is up more than 50% so far in 2025. Shares of Cleveland-Cliffs (CLF), which had sought to acquire US Steel instead, fell on the neওws, finishing the day down about 7%.

The president last month 澳洲幸运5官方开奖结果体彩网:ordered a review of Nippon Steel's proposed takeover bid of U.S. Steel, saying he didn't want to see the company purch✨ased by a foreign entity.

The $14.1 billion merger between the two steelmakers was 澳洲幸运5官方开奖结果体彩网:originally blocked by the Biden administration in early January due to national security concerns. The companies had sued the U.S. gover𝕴nment to challenge the decision.