US government will have veto power over US Steel decisions as part of takeover deal, senator says

Sen. David McCormick (R-Pa.) said Tuesday the U.S. government will have a golden share in Nippon Steel’s acquisition of US Steel, giving it power over some of the decision-making. “It’s a national security agreement that will be signed with the U.S. government,” McCormick told CNBC’s “Squawk Box.”  “There’ll be a golden share that will essentially…