Former President Trump announced a "partnership" between U.S. Steel and Nippon Steel, reversing President Biden's blocked acquisition. Trump claims this will create 70,000 jobs and add $14 billion to the U.S. economy. The partnership follows national security concerns raised by Biden regarding the initial acquisition bid. U.S. Steel's headquarters will remain in Pittsburgh, with most investment occurring within 14 months. Trump's announcement sent U.S. Steel shares soaring over 20%. He plans a May 30th rally in Pittsburgh.

Prepared by Christopher Adams and reviewed by editorial team.