This chapter delves into Boeing's efforts to address safety concerns through collaboration with the FAA and labor union. It highlights the stock decline and financial strains faced by Boeing, emphasizing the critical need to restore trust and quality in aircraft production. The chapter also discusses the market reaction, financial challenges, and search for a new CEO with strong manufacturing expertise at Boeing.
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Bloomberg Intelligence Senior Aerospace Analyst George Ferguson discusses Boeing saying it’s teaming up with its largest labor union and the FAA to review safety issues reported by employees, part of a broader effort to address concerns about the company’s safety culture. Bloomberg News Health Reporter Madison Muller talks about the latest news in weight loss drugs. Hayley Berg, Lead Economist at Hopper, talks about the travel outlook for summer vacationers. Steven McClurg, Head of US Asset Management at CoinShares, shares his thoughts on the SEC paving the way for Ether ETFs. And we Drive to the Close with Nancy Prial, Co-CEO at Essex Investment Management.
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