President Donald Trump on Friday approved the merger between U.S. Steel and Japan’s Nippon Steel, according to CNBC. The move reverses President Joe Biden’s earlier decision to block the $14.9 billion acquisition on national security grounds. In a post on Truth Social, Trump said the planned partnership would create at least 70,000 jobs and add $14 billion to the U.S. economy. Trump said U.S. Steel’s headquarters will stay in Pittsburgh, with most investment occurring over the next 14 months. U.S. Steel shares rose more than 20, following the announcement.