Trump's 'Golden Share' Allegedly Hinders US Steel's Illinois Plant Development Plans
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Sep 20 2025
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Source: SeekingAlpha
US Steel Plant Closure Blocked: The White House intervened to prevent US Steel from closing its Granite City, Illinois plant, utilizing a "golden share" authority granted to President Trump during the company's acquisition by Nippon Steel.
Government Influence in Private Sector: Commerce Secretary Howard Lutnick's actions reflect the Trump administration's increasing influence over private companies, as seen in recent government investments in Intel and Nvidia.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
