KEY TAKEAWAYS United States Steel shares are jumping in premarket trading Monday, as the Pittsburgh-based company’s takeover by Japan’s Nippon Steel looks set to close following the deal's approval by President Donald Trump.

U.S. Steel shares rose about 5% in premarket trading Monday after President Donald Trump approved its merger with Japan’s Nippon Steel, according to CNBC. Trump issued an executive order Friday allowing the merger to proceed if the companies signed a national security agreement with the U.

WASHINGTON (AP) — President Donald Trump on Friday signed an executive order paving the way for a Nippon Steel investment in U.S. Steel, so long as the Japanese company complies with a “national security agreement” submitted by the federal government. Trump’s order didn’t detail the terms of the national security agreement.

President Donald Trump would have unique influence over the operations of US Steel under the terms of the investment being made by Nippon Steel.

President Donald Trump has approved a partnership between US Steel and Nippon Steel, the companies said in a release on Friday.

By Alexandra Alper (Reuters) -U.S President Donald Trump approved Nippon Steel's $14.9 billion bid for U.S. Steel on Friday, capping a tumultuous 18-month effort by the companies that survived union opposition and two national security reviews.

US President Donald Trump and UK Prime Minister Keir Starmer will meet Monday as they work to finalize a trade pact between their two nations that would be the first such deal since the White House announced a string of punitive tariffs against countries worldwide.

President Donald Trump issued an executive order on Friday officially giving the green light to Nippon Steel Corporation's multi-billion-dollar purchase of U.S. Steel Corporation.

Nippon Steel's $14.9 billion bid for U.S. Steel poses a national security risk, but those concerns can be mitigated if the companies fulfill certain conditions laid out by the Trump administration, U.

President Trump signs executive order allowing U.S. Steel partnership with Japan's Nippon Steel, with an $11 billion investment commitment.