President Trump is set to visit Pittsburgh to endorse a deal between United States Steel and Nippon Steel, reversing his previous stance against it. The deal, projected to contribute $14 billion to the U.S. economy and generate 70,000 jobs, has sparked scrutiny, particularly about its structure. Analysts suggest it is more of an acquisition than a partnership, as Nippon requires ownership of U.S. Steel to proceed. In related news, a federal judge has halted the Trump administration's attempts to revoke Harvard's ability to enroll international students, citing potential negative impacts on education and international relations.
"Almost everyone I've spoken with during my reporting said to closely watch Trump's speech today to figure out what's actually in the deal between U.S. Steel and Nippon Steel."
"The deal is clearly an acquisition and not a partnership, as Nippon has made it clear from the start that it isn't going to make this kind of investment unless it is acquiring U.S. Steel and its assets."
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