President Donald Trump on Monday directed a powerful U.S. national security panel to take a fresh look at Nippon Steel's bid for U.S. Steel to help determine if "further action" is appropriate, raising hopes for an elusive greenlight for the deal.

US Steel (NYSE:X) quickly jumped 4.5% after President Donald Trump ordered a national security review of it's planned sale to Nippon Steel (OTCPK:NPSCY), Trump ordered the Committee on Foreign Investment in the United States to conduct a review of the deal "to assist me in determining whether further action in this matter may be appropriate,

Key Takeaways Shares of U.S. Steel surged more than 14% Monday after the White House ordered the company's blocked acquisition by Nippon Steel to be reviewed.President Donald Trump told the Committee on Foreign Investment in the U.