business

7/24/25

Union Pacific and Norfolk Southern confirm that they’re talking about a railroad megamerger

Union Pacific and Norfolk Southern came clean on Tuesday about their rumored merger discussions: The two rail giants have, in fact, been involved in talks about combining their companies, they said in a statement.

Bloomberg reported Wednesday that the two companies’ talks were in the “advanced” stages. The companies’ stocks moved in opposite directions, with Union Pacific shares dipping and Norfolk Southern shares climbing.

A merger between the two would create a cross-country rail titan and would likely be the industry’s largest-ever tie-up.

Union Pacific Confirms Deal Talks With Rival Norfolk Southern

Union Pacific Confirms Deal Talks With Rival Norfolk Southern

Bloomberg reported Wednesday that the two companies’ talks were in the “advanced” stages. The companies’ stocks moved in opposite directions, with Union Pacific shares dipping and Norfolk Southern shares climbing.

A merger between the two would create a cross-country rail titan and would likely be the industry’s largest-ever tie-up.

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Netflix taps Amazon to sell streaming ads in new partnership

Starting this fall, brands will be able to access Netflix’s premium ad slots using Amazon’s buying tech.

Netflix Headquarters

Bank branches are still closing at breakneck speed in the US

Institutions like Chase and Wells Fargo closed 76 locations in just six weeks over the summer, per the OCC.

Indianapolis - March 2016: Chase Bank III

business

9/9/25

Fox and News Corp slide as investors digest $3.3 billion Murdoch succession settlement

Fox and News Corp shares dropped on Tuesday after Rupert Murdoch’s heirs agreed to a $3.3 billion settlement to resolve a long-running succession drama.

Under the deal, Prudence, Elisabeth, and James Murdoch will each receive about $1.1 billion, paid for in part by Fox selling 16.9 million Class B voting shares and News Corp selling 14.2 million shares. The stock sales will raise roughly $1.37 billion on behalf of the three heirs.

The new trust for Lachlan Murdoch will now control about 36.2% of Fox’s Class B shares and roughly 33.1% of News Corp’s stock, granting him uncontested voting authority over both companies for the next 25 years. Originally, the Murdoch trust was designed to hand over voting control of Fox and News Corp to Prudence, Elisabeth, Lachlan, and James after his death.

Investors are weighing the trade-off. Clear leadership under Lachlan may resolve conflict internally, but the share dilution, executed at a roughly 4.5% discount, means long-term investors now hold slightly less clout than before.

Both companies’ stocks were trading close to all-time highs prior to the announcement.

9/9/25

Boeing on Tuesday announced that it delivered 57 commercial jets in August, its best total for the month in seven years. That brings its year-to-date delivery total to 385 planes, eclipsing its full-year 2024 figure by about 11%.

The August figure marked Boeing’s second-highest delivery total of 2025 and represented a 43% jump from the same month last year. Through August, Boeing has boosted its deliveries by 50% from last year.

The plane maker is still trailing its European rival Airbus, which delivered 61 planes in August and 434 year to date.

Tariffs finally crept into retail's latest earnings results. Who were the winners and losers?

The long-awaited levies took a toll on nearly every retailer, but execution separated who could steer through the costs.

illustration of money and spending

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