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Trump orders new review of U.S. Steel acquisition by Japan's Nippon Steel

1. Trump ordered a new review of U.S. Steel's acquisition by Nippon Steel. 2. This review follows Biden's earlier block of the deal. 3. U.S. Steel shares jumped nearly 12% after the announcement. 4. Committee on Foreign Investment given 45 days to evaluate national security risks. 5. The outcome may influence large-scale industry acquisitions.

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FAQ

Why Bullish?

The market responded positively to the news, indicating investor optimism. Historically, similar acquisition reviews have led to price rebounds for involved companies.

How important is it?

The review directly affects U.S. Steel, and indirectly, the steel sector. The potential approval could encourage investment in related firms.

Why Short Term?

Immediate trading reactions suggest a quick impact, especially with a 45-day review period. If the acquisition passes, further price movement is likely.

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