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Today's Summary

Union Pacific and Norfolk Southern have applied to merge, aiming to create Americas first transcontinental railroad. Union Pacific wants to unify western and eastern networks into a 50,000-mile system. Union Pacific and Norfolk Southern filed paperwork Friday and are now making their case to federal regulators to approve a proposed $85 billion merger. Union Pacific mainly serves the West Coast and Midwest, while Norfolk Southern operates in the South, Midwest and East Coast. Many Norfolk Southern employees relocated to Atlanta just seven years ago, after the company moved its headquarters to West Peachtree Street.