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... Rail Regulator Sends $71.5 Billion Union Pacific-Norfolk Southern Deal Back for Redo

The Surface Transportation Board has said that the application is incomplete and is inviting the companies to revise and resubmit it.
https://www.wsj.com/business/deals/rail-regulator-sends-71-5-billion-union-pacific-norfolk-southern-deal-back-for-redo-aebae6b8?mod=pls_whats_news_us_business_f

... Governments’ New Must-Have: Their Own Satellites

A desire for greater sovereign control over satellite services has boosted demand for satellite fleets across the globe.
https://www.wsj.com/business/telecom/governments-new-must-have-their-own-satellites-e7e801a3?mod=pls_whats_news_us_business_f

... Tech, Media & Telecom Roundup: Market Talk

Find insight on Intel, Ericsson and more in the latest Market Talks covering technology, media and telecom.
https://www.wsj.com/business/tech-media-telecom-roundup-market-talk-15dcb5a3?mod=pls_whats_news_us_business_f

... Bouygues, Orange, Iliad In Talks With Altice for French Telecoms Deal

The talks come after Altice rejected in October an offer from the companies to acquire a large part of its French telecom business for $19.87 billion.
https://www.wsj.com/business/telecom/bouygues-orange-free-iliad-in-talks-with-altice-for-french-telecoms-business-e0c07e6d?mod=pls_whats_news_us_business_f

... Telenor to Sell Stake in Thailand’s True for $3.9 Billion as It Slims Asian Operations

Telenor said it would sell 24.95% of shares in True, at 11.7 Thai baht (37 cents) per share to Arise Digital Technology Company.
https://www.wsj.com/business/telecom/telenor-to-sell-stake-in-thailands-true-for-3-9-billion-as-it-slims-asian-operations-beaca361?mod=pls_whats_news_us_business_f

... EU Makes Play to Boost European Telecoms Investment

The EU’s executive branch said it would introduce a mandatory phase out of copper networks for member states by 2035.
https://www.wsj.com/business/telecom/eu-makes-play-to-boost-european-telecoms-investment-9faf58ac?mod=pls_whats_news_us_business_f

... Nvidia-Backed AI Startup Synthesia Raises Funding at $4 Billion Valuation

Artificial-intelligence company Synthesia raised $200 million, adding fresh capital to develop software that businesses can use to train employees through interactive videos.
https://www.wsj.com/business/entrepreneurship/nvidia-backed-ai-startup-synthesia-raises-funding-at-4-billion-valuation-7941abae?mod=pls_whats_news_us_business_f

... Geothermal Wildcatter Zanskar, Which Uses AI to Find Heat, Raises $115 Million

The company says it can unlock hidden troves of concentrated energy and squeeze out more from known fields through the use of AI.
https://www.wsj.com/business/energy-oil/geothermal-wildcatter-zanskar-which-uses-ai-to-find-heat-raises-115-million-598b6ac5?mod=pls_whats_news_us_business_f

... Diosdado Banatao, Chip Designer, Investor and Entrepreneur, Dies at 79

Filipino engineer co-founded semiconductor firms and financed startups in Silicon Valley.
https://www.wsj.com/business/entrepreneurship/diosdado-bantao-chip-designer-dead-79-f205c32b?mod=pls_whats_news_us_business_f

... U.S. Small-Business Confidence Rises Amid Brighter Outlook Expectations

Small-business confidence in the U.S. rose in December, driven by a jump in those expecting better business conditions going forward.
https://www.wsj.com/economy/central-banking/u-s-small-business-confidence-rises-amid-brighter-outlook-expectations-144f1a2e?mod=pls_whats_news_us_business_f

... Philip Erdoes, Entrepreneur and Venture Capitalist, Dies at 62

Among other things, the New York-based investor was a co-founder and CEO of a company that provides AI tools.
https://www.wsj.com/business/entrepreneurship/philip-erdoes-entrepreneur-and-venture-capitalist-dies-at-62-f256d69a?mod=pls_whats_news_us_business_f

... The Man Who Almost Replaced Warren Buffett

David Sokol was seen as the next likely CEO of Berkshire Hathaway—until a controversy arose over his personal trades.
https://www.wsj.com/business/david-sokol-berkshire-hathaway-a2f92bf2?mod=pls_whats_news_us_business_f

... What Trump Was Really Like at Davos

Everyone had to decide how to take on America over decisions big (hand over Greenland) and small (stay for Sancerre).
https://www.wsj.com/business/sometimes-you-need-a-dictator-trump-davos-world-economic-forum-4f3d141d?mod=pls_whats_news_us_business_f

... Basic Materials Roundup: Market Talk

Find insight on Alcoa, palm oil, BASF and more in the latest Market Talks covering basic materials.
https://www.wsj.com/business/basic-materials-roundup-market-talk-399c2279?mod=pls_whats_news_us_business_f

... Justice Department Opens Criminal Probe Into Silicon Valley Spy Allegations

Subpoenas are seeking information on allegations that Deel, valued at around $17 billion, recruited a spy inside a rival startup.
https://www.wsj.com/us-news/law/justice-department-opens-criminal-probe-into-silicon-valley-spy-allegations-9afe1eec?mod=pls_whats_news_us_business_f

... Can Old Lime Bikes and Hard Disks Counter China’s Rare-Earth Chokehold?

Cyclic Materials, which just raised $75 million from investors, plans to open an Arizona recycling facility to mine expired electronic equipment for valuable commodities.
https://www.wsj.com/business/can-old-lime-bikes-and-hard-disks-counter-chinas-rare-earth-chokehold-a74e7ac8?mod=pls_whats_news_us_business_f

... The Best and Worst Airlines of 2025

The winner has spent billions improving its operations—while navigating a corporate shake-up and revising its strategy.
https://www.wsj.com/lifestyle/travel/the-best-and-worst-airlines-of-2025-e69b41c7?mod=pls_whats_news_us_business_f

... Merck No Longer in Talks to Buy Revolution Medicines

The drugmaker had recently been in discussions to acquire RevMed in a deal that could have valued the cancer-drug biotech at around $30 billion.
https://www.wsj.com/health/pharma/merck-no-longer-in-talks-to-buy-revolution-medicines-b8d5e5eb?mod=pls_whats_news_us_business_f

... Former Citi Executive Sues Bank, Alleging Sexual Harassment

The lawsuit says the bank’s culture reduced her to being perceived as a sex object.
https://www.wsj.com/finance/banking/former-citi-executive-sues-bank-alleging-sexual-harassment-bbf6b5b0?mod=pls_whats_news_us_business_f

... Gold Boom Spurs Miners to Dig for the Mother Lode

Record prices are breathing new life into South Africa’s ailing gold-mining industry.
https://www.wsj.com/finance/commodities-futures/gold-prices-mining-south-africa-2226154c?mod=pls_whats_news_us_business_f