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Investing.com -- Norfolk Southern Corporation (NYSE:NSC) stock rose 3.4% after the company confirmed it is in "advanced discussions" with Union Pacific Corporation (NYSE:UNP) regarding a potential business combination. Union Pacific shares declined 1% on the news, while peer CSX Corporation (NASDAQ:CSX) gained 3.3%. The disclosure from both companies confirms media reports from last week, including a Wall Street Journal article that mentioned merger talks between the two major U.S. rail operators. In a brief joint statement, the companies said they are engaged in discussions about a possible merger but cautioned that "there can be no assurances as to whether an agreement for a transaction will be reached or as to the terms of any such transaction." Both Norfolk Southern and Union Pacific stated they do not intend to provide additional comments or updates on the matter unless disclosure becomes required or appropriate. A potential combination of these rail giants would likely face significant regulatory scrutiny, as it would consolidate two of the largest freight rail networks in the United States. Norfolk Southern operates primarily in the Eastern U.S., while Union Pacific’s network covers the Western states. The railroad industry has seen increased consolidation pressure in recent years as companies seek operational efficiencies and expanded network reach. Any merger would require approval from the Surface Transportation Board, which regulates freight rail. With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Sure, there are always opportunities in the stock market – but finding them feels more difficult now than a year ago. Unsure where to invest next? One of the best ways to discover new high-potential opportunities is to look at the top performing portfolios this year. ProPicks AI offers 6 model portfolios from Investing.com which identify the best stocks for investors to buy right now. For example, ProPicks AI found 9 overlooked stocks that jumped over 25% this year alone. The new stocks that made the monthly cut could yield enormous returns in the coming years. Is CSX one of them?

10 things to watch in the stock market Friday, including earnings and merger talks  CNBC

Investing.com -- Northern Trust (NASDAQ:NTRS) stock rose 4.7% following a Wall Street Journal report that Bank of New York Mellon (NYSE:BK) approached the company to discuss a potential merger. According to the report, BNY Mellon recently expressed interest in combining with its smaller rival, with the CEOs of both financial institutions having at least one conversation about a possible deal. While no specific offer was discussed, BNY Mellon is reportedly considering its next steps, which could include making a formal bid. The talks represent a significant potential development in the financial services industry. Chicago-based Northern Trust has a market value exceeding $21 billion, with its share price already up approximately 9% year-to-date before this news. JPMorgan analyst Vivek Juneja noted that the potential combination offers strategic benefits to both companies, particularly enhancing BNY Mellon’s wealth management business. Juneja added that while the regulatory environment appears to be improving, deal pricing would be crucial for market reception. RBC Capital Markets analyst Gerard Cassidy highlighted the complementary strengths both firms bring to institutional clients. The combined entity would oversee more than $3 trillion in assets under management, with Northern Trust contributing approximately $1 trillion and BNY Mellon about $2 trillion. The report indicated that other potential bidders for Northern Trust could include Goldman Sachs, Morgan Stanley, or Canadian bank RBC, though analysts cautioned that a bidding war resulting in a very high price might not be well-received by investors. This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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New York: Honda and Nissan have announced formal discussions over a potential merger, aiming to become the world's third-largest automaker.

Honda Motor Co. and Nissan Motor Co. are preparing to start negotiations on a possible merger, which ultimately could be expanded to include Mitsubishi Motors Corp., Japan’s Nikkei reported Tuesday. Such a deal would create an automotive rival to…