Friday, June 20th

MARKET MOVERS

LEAD STORY – WHAT YOU NEED TO KNOW

Nippon Steel Completes $14.9B Acquisition of U.S. Steel
On June 18, 2025, Nippon Steel finalized its $14.9 billion acquisition of U.S. Steel, creating a global steel powerhouse. A newly implemented “golden share” empowers the U.S. government with veto rights over key corporate decisions—a move unprecedented for industrial mergers

🔗 Reuters

Why it matters:
This transaction reshapes U.S. manufacturing, combines scale with national-security oversight, and signals evolving foreign investment norms in critical industries.