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Norfolk Southern “must pay” for the destruction caused

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Norfolk Southern ordered to pay for the damage caused following Ohio train derailment

As investigations into the Norfolk Southern train derailment continue, U.S. authorities are ordering the company to pay for the clean-up or face steep fines.

The train was carrying vinyl chloride and other potentially hazardous substances when it derailed.

Norfolk Southern is now facing multiple lawsuits, with many residents forced to flee their homes.

The Environmental Protection Agency has confirmed the company will “pay for cleaning up the mess they created and for the trauma they’ve inflicted on [the] community”.

Following the disaster, residents have been presenting with headaches and nausea, and expressed fears that local water supplies may be contaminated.

This is despite repeated assurances of local, state and federal officials that it is safe for consumption.

Meanwhile, Ohio Governor Mike DeWine says Norfolk Southern “needs to be made to pay” for any medical costs stemming from the derailment.

DeWine is also calling for long-term changes to how railroads operate.

He called it “absurd” and “fundamentally wrong” a train carrying potentially hazardous chemicals was not required to alert local authorities when it was in transit.

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Why the meme-stock frenzy is unlikely to repeat

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GME shares surge 74%, but experts stress a meme-stock frenzy resurgence is unlikely due to fundamental differences in the company’s financial situation.

Australia’s budget unveils a second consecutive surplus of A$9.3 billion, prioritising the critical minerals industry and green energy initiatives to reduce reliance on Chinese supply.

Also, GameStop shares have surged 74%, but experts caution against expecting a repeat of the 2021 meme-stock frenzy. #featured #trending

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Why are airlines after the Biden Administration?

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Major airlines are taking legal action against the Biden administration over a newly implemented rule requiring them to disclose fees upfront.

On this episode of Hot Shots – Major airlines are suing the Biden Administration, AI-piloted fighter jets, SpaceX faces funding challenges, and Apple receives crushing feedback.

Ticker’s Ahron Young & Veronica Dudo discuss. #featured #trending

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The mounting pressure on Government spends

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Questions abound regarding the factors fueling this inflation surge in Australia and whether it correlates with the escalating government expenditures.

Concerns extend to how Chalmers navigates the mounting pressure amid discrepancies in spending allocations.

Moreover, as Australians grapple with the reality of rising living costs, the feasibility of cutting spending becomes a pressing issue. Additionally, amidst economic uncertainties, individuals seek guidance on managing stock market risks effectively. #Featured #Trending

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