Union Pacific Corporation (NYSE:UNP) is one of the stocks Jim Cramer shed light on. During the episode, Cramer discussed the company’s merger talks. He said:
“This morning, we got confirmation that Union Pacific and Norfolk Southern are in merger talks. I mean, this is the biggest test we’ve ever seen of the antitrust regime, at least in my life. Okay, we have so few railroads in this country, and we want them to compete with each other. We always want them to compete with each other.
Under President Biden or honestly any previous president, I think the advisory firms would say, don’t even bother doing this deal. But under Trump’s regulators, it’s an open question. I think the advisors want to test the waters. If they get the go-ahead, that means big fees and a giant green light to any company that wants to merge with a competitor.”
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Union Pacific (NYSE:UNP) provides freight transportation services, moving goods including agricultural products, energy resources, industrial materials, and automotive shipments.
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Disclosure: None. This article is originally published at Insider Monkey.