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Union Pacific Railroad Exploring Deal to Buy Smaller Rival Norfolk Southern (WSJ. 20250718)
The Republican-controlled Congress has canceled $9 billion in federal spending for foreign aid and public broadcasting. The cuts are the first time a White House has accomplished claw backs in more than a quarter-century, and White House officials made clear that they would pursue additional reductions. Both chambers acted before a Friday deadline, after which the executive branch would've had to release the funding. We are exclusively reporting that railroad operator Union Pacific is holding talks to buy its smaller rival Norfolk Southern in a deal that could create the largest rail operator in the US. People familiar with the matter say the talks are at an early stage and there are no guarantees they will result in any deal or receive regulatory sign-off. And CBS says it's pulling the plug on The Late Show With Stephen Colbert in May when Colbert's current contract expires. Colbert has been a regular critic of President Trump, and on Monday criticized CBS parent company Paramount Global for its agreement to pay $16 million to settle a lawsuit with Trump over a 60 Minutes interview with former Vice President Kamala Harris. The Wall Street Journal has reported that Paramount executives were concerned about legal liability from making a deal and the optics of settling the suit while it's trying to close its merger with Skydance Media, which is still awaiting federal approval. CBS said its move was a purely financial decision. Asian stocks ended the day mostly higher. European equities are also up in midday trading and US stock futures have edged up ahead of earnings from American Express, Charles Schwab and 3M.
미 상원이 해외원조 및 공영방송에 대한 90억 달러의 예산 삭감안을 통과시킴. 25년만에 처음으로 예산이 환수되는 것임. 미 행정부는 추가 감축 가능성을 언급함. 예산이 확보되었을 기한인 금요일 전에 통과시킨 것임. 한편, 철도사 Union Pacific이 소규모 경쟁사 Norfolk Southern의 인수를 타진 중임. 아직 초기적 단계로, 계약이나 규제 허가로 귀결될지는 미지수임. 방송사 CBS가 계약이 만료되는 5월에 프로그램 The Late Show With Stephen Colbert를 폐지하겠다고 발표함. Colbert는 트럼프를 비판해왔으며, CBS의 모회사 Paramount Global가 트럼프와의 소송에서 1,600만 달러의 합의금을 지급하기로 한 것도 비판했음. 트럼프는 프로그램 60 Minutes가 전 대선 후보/부통령 Kamala Harris와의 인터뷰를 Harris에게 유리하게 편집했다고 소송을 제기했음. Paramount는 Skydance Media와 합병하기 위해 연방 승인을 기다리고 있는 가운데, 이번 합의로 법적 부담 및 이미지 타격을 우려했다고 함. CBS는 이번 결정은 순전히 재정적 이유 때문이었다고 함