welcome
Reuters

Reuters

Business

Business & Economics

Trump supports Nippon Steel's bid for US Steel, shares jump 21%

Reuters
Summary
Nutrition label

75% Informative

Shares of U.S. Steel soared 21% as investors interpreted Trump 's post on Truth Social to mean Nippon Steel had his approval for its takeover.

Trump said the bulk of that investment would occur in the next 14 months and said he would hold a rally in Pittsburgh next Friday .

The deal has been one of the most highly anticipated on Wall Street after it morphed into the political arena with fears that foreign ownership would mean job losses in Pennsylvania .

The merger would create the world's third largest steel producer by volume.

VR Score

84

Informative language

88

Neutral language

60

Article tone

formal

Language

English

Language complexity

48

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links