10:33 AM EDT, 05/01/2025 (MT Newswires) -- Hedge fund Third Point owns a "meaningful" stake in United States Steel ( X ) and anticipates a merger with Japan's Nippon Steel to proceed, Reuters reported Thursday, citing a letter from Third Point Chief Executive Daniel Loeb to investors.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 44.44, Change: +0.73, Percent Change: +1.66