Trump secures 'Golden share' in US Steel acquisition
Japan's Nippon Steel just bought US Steel for nearly $15 billion, but there's a twist—Donald Trump now holds a "golden share."
This means he (as president) can appoint a board member and block big decisions about the company's name, headquarters, jobs moving overseas, and major investments.
The deal also comes with a hefty $11 billion investment promise.
What does the 'golden share' mean?
This "golden share" gives the US government rare veto power over a private company—without actually owning it.
It's all about making sure key steel jobs and operations stay in the US, addressing old national security worries that nearly stopped the deal before.
For now, Trump (or his pick) calls the shots on these big moves; after his term, future presidents' teams will take over.
It's an unusual move to keep an important industry close to home.