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New York Post
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US Steel shares surge 12% after Trump orders fresh review of Nippon Steel's bid

1. Trump directed a review of Nippon Steel's bid for US Steel. 2. Shares of US Steel surged 12% following the announcement. 3. Biden previously blocked the acquisition on national security grounds. 4. Nippon Steel claims the merger strengthens US economic security. 5. Companies sued CFIUS, alleging bias in the review process.

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$44.07504/07 02:49 PM EDTEvent Start
$44.0504/08 09:14 PM EDTLatest Updated
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FAQ

Why Bullish?

The review increases acquisition approval likelihood, historically linked to rising stock prices following favorable merger news.

How important is it?

The article suggests potential approval for the merger, significantly impacting US Steel's price movement.

Why Short Term?

Investor sentiment is likely to remain high until final approval or disapproval of the merger.

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