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.

The two steel companies list “a golden share to be issued to the U.S. government” among the aspects of what they call a partnership agreement.

US Steel (NYSE:X) +0.8% in Thursday's trading after President Trump said the U.S. government will retain a "golden share" in the company after its purchase by Japan's Nippon Steel (OTCPK:NISTF) (OTCPK:NPSCY),