Trump says Nippon will “invest heavily” in U.S. Steel and drop ownership bid
Washington — President Trump said Friday that Japan’s Nippon Steel will drop its $14.1 billion bid to acquire U.S. Steel and instead “invest heavily” in the company without taking a majority stake. Mr. Trump announced the development in a press conference with Japanese Prime Minister Shigeru Ishiba at the White House. “[Nippon’s] going to be