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President Donald Trump expressed support for Union Pacific Corp.’s proposed $72 billion acquisition of rival Norfolk Southern Corp., which is seeking regulatory approval.
“Union Pacific is a great railroad, and they want to add a railroad that had a mistake at a place very close to my heart,” Trump told reporters in the Oval Office on Friday, appearing to refer to the derailment of a Norfolk Southern freight train in East Palestine, Ohio, in 2023, an accident that spilled toxic chemicals and sickened residents.