Wall Street Breakfast Government shutdown hits new altitude
12 snips
Nov 6, 2025 The FAA is cutting air traffic by 10% across 40 markets due to staffing issues. Pfizer is in a fierce takeover battle for obesity biotech Metsera, matching Novo's bid. Warner Bros. Discovery is facing a crucial mid-December deadline for potential strategic changes, with interest from major players like Comcast and Netflix. In other news, Warren Buffett's Berkshire plans a new yen bond issue, and Jamie Dimon weighs in on Argentina's bank loan situation. Lastly, Duolingo's stock drops after a weaker Q4 outlook.
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FAA Cuts Flights To Maintain Safety
- The FAA will cut air traffic by 10% across 40 high-volume markets to maintain safety amid controller staffing shortages.
- The reduction could remove roughly 3,500–4,000 daily flights and may expand beyond the initial cuts if needed.
Check Airline Notices And Consider Refunds
- United and other carriers will give rolling schedule updates and offer refunds if passengers choose not to fly.
- Check your airline's notices and consider refunds or rebooking if your travel falls within affected windows.
Pfizer Matches Novo In Metsera Bidding War
- Pfizer matched Novo's up-to-$10 billion offer for obesity biotech Metsera at $86.20 a share to stay in the takeover race.
- A judge denied Pfizer's request to block Novo's bid, keeping the competitive process active and Metsera's shares rising premarket.