By Steve Holland and Alexandra Alper WASHINGTON (Reuters) -Shares of U.S. Steel rose 5% on Monday, as a $14.9-billion bid for the well-known American firm from Nippon Steel approached the finish line and after details of the U.

With President Donald Trump’s blessing, Nippon Steel can complete its “investment” in U.S. Steel. It’s really an acquisition.

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.