Squawk Pod 5 Things to Know Before the Opening Bell 7/28/2025
Jul 28, 2025
Boeing faces a potential strike from its St. Louis workers next week. China's newly unveiled global AI action plan aims to reshape the tech landscape. Union Pacific is reportedly close to acquiring Norfolk Southern. In cybersecurity news, a subsidiary of Allianz U.S. has suffered a data breach. Meanwhile, Disney and Marvel celebrate a strong opening weekend for 'Fantastic Four: First Steps,' raking in $118 million.
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Boeing Workers Brace for Strike
- Boeing faces a potential strike by over 3,000 union workers at its St. Louis fighter jet plants after contract rejection.
- The proposed deal included a 20% wage increase over four years, but a cooling-off period precedes any strike action.
China and U.S. AI Strategies Contrast
- China released a global AI action plan emphasizing international cooperation on technology and regulation.
- This follows the U.S. unveiling its AI plan including overseas deployment of American tech, showing global AI competition.
Union Pacific Eyes Norfolk Southern
- Union Pacific is close to securing a deal to acquire Norfolk Southern, potentially this week.
- The acquisition could involve a combination of cash and stock, indicating strategic railroad consolidation.