OMAHA — Union Pacific released a video of CEO Jim Vena discussing potential retaliation against customers after the federal Surface Transportation Board ordered it made public. The video, recorded during a March conference, is connected to Union Pacific's proposed $85 billion merger with Norfolk Southern. Regulators expressed concern that Vena's remarks could discourage customers from speaking openly about the merger's potential impacts out of fear of higher rates or other consequences. The board said any threats of retaliation could influence its decision on whether the merger serves the public interest.

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