Alex Ossola

In corporate news, a $72 billion railroad merger has hit a major snag.

A federal regulator said today that it was pushing pause on its review of the deal between Union Pacific and Norfolk Southern.

The regulator says it needs more information.

That puts the timeline for the deal in danger.

A Union Pacific spokeswoman said the company is still confident that the board will make a ruling in the middle of next year, the same timetable that the railroad had projected earlier.

In Spain, an update on the Mango case.

The billionaire founder of the fashion chain died in 2024 during a hiking trip with his son.

Spanish authorities last week accused the son, Jonathan Andik, of being, quote, criminally responsible for his father's death.

Andik is pushing back against those allegations.

In a court filing today, he says that his father's fatal fall was likely the result of a knee problem.

The filing also said there were no disagreements between father and son for almost a year before the death.

And Albert Manifold, BP's chairman who was fired earlier this week, hit back at what he described as lies about his behavior.

Manifold said today that he accepted the board's decision to remove him, but he does not accept, quote, The journal has reported that BP received whistleblower reports that Manifold was bullying and verbally abusive towards staff.

BP said today that it stands by its characterization of Manifold's behavior as unacceptable.

Staying with the energy industry, after the ouster of Nicolas Maduro in January, President Trump encouraged U.S.

oil majors to go into Venezuela.

One of those companies was ExxonMobil.

At the time, its CEO Darren Woods was not very enthusiastic.

Here's what he said at a meeting with President Trump and oil and gas executives almost a week after Maduro was captured by the U.S.

Now, though, Exxon may be changing its tune.