U.S. Steel’s stock surges as Trump gets his wish and a ‘golden share’

United States Steel Corp.’s stock jumped toward its highest price in more than a decade on Monday, the first trading day after President Donald Trump’s approval of the deal with Japan’s Nippon Steel Corp. got him his so-called “golden share,” as well as a national-security agreement.

U.S. Commerce Secretary Howard Lutnick said on social media over the weekend that the golden share held by the U.S., coming from Nippon Steel’s $14 billion “investment” in U.S. Steel, contains “

powerful terms that directly benefit and protect America,” while delivering “massively expanded access” to domestically produced steel to U.S. manufacturers.