Marketplace All-in-One The color of the day is gold
Jun 16, 2025
Nippon Steel's acquisition of U.S. Steel features a unique 'golden share' giving the president considerable power in the merged entity. Meanwhile, the launch of Donald Trump's 'gold card' visa aims to lure wealthy individuals with no investment requirements. The discussion also delves into the challenges facing U.S. shipbuilding, including the push to revitalize the industry and the influence of foreign investments.
AI Snips
Chapters
Transcript
Episode notes
Golden Share Power Explained
- The "golden share" in the Nippon Steel and U.S. Steel merger gives U.S. presidents considerable power over the companies.
- It restricts job and production moves outside the U.S. without presidential approval.
Union Reaction to Deal Shift
- The United Steelworkers Union is disappointed that President Trump reversed his campaign promise to block the Nippon Steel deal.
- The union plans to engage with the new owners as their current contract nears expiration.
Trump's Gold Card Visa Program
- President Trump's "gold card" visa program offers quick U.S. residency for $5 million without requiring investment in job-creating businesses.
- Legal authority and demand for the program remain uncertain, as many wealthy individuals are already well-served by their home countries.