Trump expected to speak about US Steel deal on Friday
The fate of the takeover offer by Japan's Nippon Steel for US Steel is expected to be a main topic when President Donald Trump addresses a rally on Friday.
Trump is scheduled to speak at a US Steel plant in the suburbs of Pittsburgh, where the American company is based.
The president has pledged to revive manufacturing at home and says he welcomes investments from Japan.
But Trump has been critical of Nippon Steel's initial goal of making US Steel a wholly-owned subsidiary.
He said in a social media post last Friday that he will approve what he calls "a planned partnership" between the two steelmakers.
Two days later Trump said the deal will be "controlled by the United States." But what the "partnership" means and the details of the control structure are not known.
US media outlet Bloomberg on Thursday quoted well-informed sources as saying the US government may receive a "golden share."
That would give it veto power over key decisions concerning US Steel such as selection and dismissals of board members.
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