Why Did Kansas City Southern’s Stock Drop Today? The Biden administration is apparently unhappy with the train industry’s level of consolidation, which is dragging on the railroad stock, which is currently the subject of a $33 billion acquisition. On Thursday, shares of Kansas City Southern (NYSE: KSU) plummeted as much as 8.7% as investors tried to figure out whether the railroad’s planned sale would be approved by regulators. When it comes to consolidation, railroads have a bad track record./n
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