Global Competition

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Business

Union Pacific Revives $85 Billion Norfolk Southern Bid, Aims to Forge First Transcontinental Railroad

Union Pacific is preparing a revised application for its proposed $85 billion merger with Norfolk Southern after regulators rejected the initial filing over competition and information concerns. The deal, which would create the first coast-to-coast freight railroad in the U.S., faces intense scrutiny over its potential impact on shipping costs, labor, and market competition.

Business

Toyota's Hybrid Surge Drives Record 2025 Sales, Defying Trade Headwinds

Toyota Motor Corp. has cemented its position as the world's top-selling automaker for 2025, posting record global sales fueled by robust demand for its hybrid vehicles. The results underscore the company's strategic bet on a multi-pathway approach to electrification, even as new U.S. tariffs and shifting trade policies challenge the global industry.

World

France Tightens Toxin Rules, Sparking Fresh Infant Formula Recalls

Two French infant formula makers have recalled multiple product batches following the government's decision to slash permissible levels of cereulide, a toxin linked to gastrointestinal illness. The move amplifies a global safety crisis that has seen major brands issue recalls across dozens of countries since late last year.