Prez Biden Rule Threatens Kansas City Southern Deal

For market watchers, this news is worth a peek if only because greater regulatory oversight is a hallmark of Democratic Party administrations.

The local angle that also involves the Amtrak connection. . .

"On July 9, President Joe Biden signed an executive order aimed at curbing abuses of pricing power in consolidated industries. The directive is broad, targeting sectors including agricultural-equipment makers and banks in an apparent attempt to signal that the shift in tone goes far beyond the technology sector that’s borne the brunt of public antitrust criticism. It’s still notable that railroads were included in the order."

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Bloomberg: Biden’s Antitrust Initiative Threatens a Big Railroad Takeover

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