The CEO of Union Pacific discussed a $72 billion railway deal with Trump.

The CEO of Union Pacific Corporation had a discussion with President Trump regarding the company's proposal to acquire Norfolk Southern Corporation. The company is seeking regulatory approval for the transaction. The CEO stated that senior government officials understand the value of the company's proposal and see it as a win for the nation. This deal will be reviewed by the Surface Transportation Board of the United States, which requires that railroad mergers prove that the transaction is in the public interest and can promote competition.