US Steel (NYSE:X) +1.1% pre-market Wednesday after activist investor Ancora Holdings said it would withdraw its director nominations for the company's upcoming annual meeting, following President Trump's initiation of a new CFIUS review of the sale to Nippon Steel (OTCPK:NPSCY) (OTCPK:NISTF).

The comment appeared to contradict recent actions by the Trump administration. On Monday, Trump directed a national security panel to take a fresh look at Nippon Steel’s $14 billion bid.

President Donald Trump is ordering a new review of Nippon Steel’s proposed bid to buy U.S. Steel for nearly $15 billion.