U.S. Steel ceases trading on the NYSE as Japan's Nippon finalizes takeover

Core Viewpoint - U.S. Steel has ceased trading on the New York Stock Exchange following its acquisition by Japan's Nippon Steel, which has raised concerns about the future of American ownership in the steel industry [1][2]. Group 1: Acquisition Details - Nippon Steel has completed its acquisition of U.S. Steel, making it a wholly owned subsidiary of Nippon Steel North America [2]. - U.S. Steel shares stopped trading at 8:30 a.m. ET on the day of the acquisition [2]. Group 2: Political Context - President Donald Trump initially opposed Nippon's bid to acquire U.S. Steel but changed his stance after taking office, leading to a review of the deal [3]. - The acquisition was previously blocked by former President Joe Biden due to national security concerns before Trump ordered a new review [3].