Reported about 8 hours ago
Union Pacific CEO Jim Vena, a former locomotive engineer, is facing scrutiny after it was revealed that the company is among the donors contributing to the construction of President Trump's White House ballroom. The merger Vena is advocating for, an $85 billion acquisition of NS, aims to create the first U.S. transcontinental freight railroad but has yet to generate enthusiasm on Wall Street. While some supported the merger, concerns from the industry regarding reduced competition and service quality continue to loom as the Justice Department prepares to make a recommendation on the proposed deal.
Source: YAHOO