Nippon Steel Slumps After Trump Says Firm May Invest in US Steel.

Nippon Steel Corp. experienced a significant drop in its stock value following a summit between US President Donald Trump and Japanese Prime Minister Shigeru Ishiba, where it was suggested that Nippon Steel may invest in US Steel Corp. instead of acquiring it as originally planned. Former President Joe Biden had previously blocked the acquisition due to national security concerns, leading to uncertainty for investors. The companies have not yet provided details on the potential investment, leaving investors eager for more information on how it may impact Nippon Steel's earnings. [Extracted from the article]