Problem With Trump’s ‘Golden Share’ in U.S. Steel
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President Trump says he has secured a so-called ‘golden share’ in a deal that would allow for Nippon Steel to take over U.S. Steel. The arrangement would give the president veto power over many decisions the company might want to make. Bloomberg senior editor Mike Regan joins us.
President Trump on Friday cleared the way for Japan-based Nippon Steel to potentially acquire U.S. Steel, though details about the structure of the deal — including a possible "golden share" held by the federal government — remain unclear.