Administration officials secured a deal that will give the president unusual influence over a private company, and could serve as a model for other deals.

By Alexandra Alper (Reuters) -U.S President Donald Trump approved Nippon Steel's $14.9 billion bid for U.S. Steel on Friday, capping a tumultuous 18-month effort by the companies that survived union opposition and two national security reviews.

President Donald Trump has paved the way for Japan-based Nippon Steel to invest in U.S. steel, reversing his own opposition to the deal over national security concerns.