Trump effectively approves Nippon Steel's takeover of U.S. Steel

U.S. President Donald Trump on Friday effectively approved a deal for Nippon Steel Corp. to acquire United States Steel Corp., reversing his staunch opposition to the Japanese company's takeover bid after it committed to investing heavily in the struggling American producer.Nippon Steel will acquire a 100 percent stake in U.S. Steel as initially planned, a person with knowledge of the deal said. The acquisition process is expected to be completed possibly on Wednesday, according to sources close to the matter.Nippon Steel and U.S. Steel said Trump has "approved" their "historic partnership …READ FULL ARTICLE