Podcasts about boeing co

US equity markets weaker after booking three straight sessions of gains, with oil prices climbing to six-month highs amid escalating tensions between the US and Iran  - Dow fell -268-points or -0.54% Boeing Co (down -2.18%) and Sherwin-Williams Co (-2.23%) both fell over >2%.The broader S&P500 eased -0.28%, with Financials (down -0.86%) leading eight of the eleven primary sectors lower. Investors moved out of private credit stocks after private market and alternative assets manager Blue Owl Capital Inc (down -5.93%) announced it's going to tighten investor liquidity following its sale of US$1.4B in loan assets, spurring worries among investors about losses in the murky private loans area. Blackstone Inc (-5.37%) and Apollo Global Management Inc (-5.21%) both fell over >5%.   Information Technology fell -0.53%, with reports ChatGPT maker OpenAI is set to close a US$100B funding round. Utilities returned to the top of the primary sector leaderboard with a +1.13% gain.  Bookings Holdings Inc -6.16% a day after the on-line travel agency posted higher sales and profit for the fourth quarter. However, Bank of America analysts noted strategic reinvestments will likely slow the company's pace of margin expansion. Carvana Co shed -7.95% after the online used-car retailer recorded some weakness in some key profitability metrics that outweighed solid sales numbers for the fourth quarter released after the close of the previous session.The Nasdaq lost -0.31%.The small capitalisation Russell 2000 added +0.24%.  

US equity markets weaker after booking three straight sessions of gains, with oil prices climbing to six-month highs amid escalating tensions between the US and Iran - Dow fell -268-points or -0.54% Boeing Co (down -2.18%) and Sherwin-Williams Co (-2.23%) both fell over >2%.

US equity markets advanced as technology stocks found their footing and investors digested the minutes from the Federal Reserve's January monetary policy meeting - Dow rose +129-points or +0.26%, with Nvidia Corp rising +1.63% and moving back into positive territory year-to-date after Meta Platforms Inc (+0.61%) announced a new deal to buy millions of its chips as part of its data centre buildout. Meta CEO Mark Zuckerberg said in a statement that the expanded partnership continues his company's push “to deliver personal superintelligence to everyone in the world,” a vision he announced in July. Financial terms of the deal were not provided. Amazon.com Inc rose +1.81% despite Berkshire Hathaway reporting via a 13F filing that it had sold nearly all of its stake in the e-commerce giant. Analysts at Morgan Stanley regard Amazon as a “top pick” and both Amazon Web Services and the company's retail business are shaping up to be massive beneficiaries of the artificial intelligence (AI) wave Amgen Inc (+1.71%), Chevron Corp (+1.84%), Cisco Systems Inc (+1.73%), Salesforce Inc (+1.90%) and Walt Disney Co (+1.57%) all gained over >1.5%. 3M Co (down 2.06%) and Boeing Co (-2.09%) fell over >2%

US equity markets advanced as technology stocks found their footing and investors digested the minutes from the Federal Reserve's January monetary policy meeting - Dow rose +129-points or +0.26%, with Nvidia Corp rising +1.63% and moving back into positive territory year-to-date after Meta Platforms Inc (+0.61%) announced a new deal to buy millions of its chips as part of its data centre buildout. Meta CEO Mark Zuckerberg said in a statement that the expanded partnership continues his company's push “to deliver personal superintelligence to everyone in the world,” a vision he announced in July. Financial terms of the deal were not provided. Amazon.com Inc rose +1.81% despite Berkshire Hathaway reporting via a 13F filing that it had sold nearly all of its stake in the e-commerce giant. Analysts at Morgan Stanley regard Amazon as a “top pick” and both Amazon Web Services and the company's retail business are shaping up to be massive beneficiaries of the artificial intelligence (AI) wave Amgen Inc (+1.71%), Chevron Corp (+1.84%), Cisco Systems Inc (+1.73%), Salesforce Inc (+1.90%) and Walt Disney Co (+1.57%) all gained over >1.5%. 3M Co (down 2.06%) and Boeing Co (-2.09%) fell over >2%

US equity markets retreated as investors digested stronger-than-expected jobs data and as software stocks came under fresh selling pressure - Dow eased -67-points or -0.13%, snapping a three-session losing streak. International Business Machines (IBM) Corp dropped -6.5%, while American Express Co (-2.53%) and Boeing Co (2.61%) fell over >2.5%. Caterpillar Inc (4.4%) and Verizon Communications Inc (3.33%) were the leading components in the 30-stock index, while Coca-Cola Co (+2.33%) rebounded a day after posting weaker-than-expected revenue for the fourth quarter

US equity markets climbed after two sessions of declines, underpinned by a rebound for bank stocks following a tough start to the week and renewed momentum in the artificial intelligence (AI) trade following a strong fourth quarter result from Taiwan Semiconductor Manufacturing Co (TSMC) Ltd   - Dow rose +293-points or +0.60% Boeing Co (up +2.11%) and Nvidia Corp (+2.13%) both gained over >2%. However, International Business Machines (IBM) Corp dropped -3.59% and Salesforce Inc -2.52%.The broader S&P500 added +0.26%. Energy (down -0.91%) sat at the foot of the primary sector leaderboard. Health Care fell -0.58%, with Eli Lilly & Co down -3.76% after a Reuters report that the Food and Drug Administration (FDA) extended its review on the firm's weight-loss pill orfoglipron. A decision on the drug's approval is now expected 10 April, whereas it was previously slated for 28 March, according to Reuters. Meanwhile, Strive Compounding Pharmacy, one of the nation's most celebrated providers of compounded medications, has filed a federal antitrust lawsuit against pharmaceutical giants Eli Lilly and Danish peer Novo Nordisk (-3.45%), alleging a coordinated effort to suppress competition and limit patient access to lawful compounded GLP-1 medications. Boston Scientific Corp fell -3.91% after the company agreed to buy medical-devices maker Penumbra for US$14.5B. Utilities (up +1.04%) and Industrials (+0.93%) both rose ~1% to sit atop the primary sector leaderboard. James Hardie Industries Plc (up +1.87%) reaffirmed its guidance for the third quarter after the closing bell and announced that it will close its manufacturing facilities in Fontana, California, and Summerville, South Carolina, within 60 days, as part of a plan to optimise its North American manufacturing footprint.

US equity markets climbed after two sessions of declines, underpinned by a rebound for bank stocks following a tough start to the week and renewed momentum in the artificial intelligence (AI) trade following a strong fourth quarter result from Taiwan Semiconductor Manufacturing Co (TSMC) Ltd - Dow rose +293-points or +0.60% Boeing Co (up +2.11%) and Nvidia Corp (+2.13%) both gained over >2%. However, International Business Machines (IBM) Corp dropped -3.59% and Salesforce Inc -2.52%.

US equity markets advanced on Friday (9 February), with both the Dow and S&P500 booking fresh record closing highs - Dow rose +238-points or +0.48% to book a record closing high of 49,504.07, with Home Depot Inc (up +4.19%) the leading performer in the 30-stock index, while Boeing Co (+3.14%) and Sherwin-Williams Co (+3.59%) gained over >3%.The broader S&P500 gained +0.65% to a fresh record closing high of 6,966.28 after touching a record intra-day peak (6,978.36). Materials (up +1.80%) leading nine of the eleven primary sectors higher on Friday (9 January). Vistra Corp (up +10.47%) was the leading S&P500 performer, while Oklo Inc rose +7.90% after Facebook and Instagram parent Meta Platforms Inc (+1.08%) announced it had inked "landmark agreements" with the companies and privately held TerraPower to power its artificial intelligence (AI) projects.

US equity markets advanced on Friday (9 February), with both the Dow and S&P500 booking fresh record closing highs - Dow rose +238-points or +0.48% to book a record closing high of 49,504.07, with Home Depot Inc (up +4.19%) the leading performer in the 30-stock index, while Boeing Co (+3.14%) and Sherwin-Williams Co (+3.59%) gained over >3%.

US equity markets mixed ahead of tomorrow morning's AEST interest rate decision from the Federal Reserve - Dow fell -179-points or -0.38%. JPMorgan Chase & Co dropped -4.66% and was the worst performer in the 30-stock index after Marianne Lake, the investment bank's Chief Executive Officer (CEO) of Consumer & Community Banking, disclosed higher-than-expected expense projections of US$105B for next year (versus current consensus forecasts of US$101B) at the Goldman Sachs Group Inc (up +1.14%) U.S. Financial Services Conference and said that she "would characterize the environment as being a little bit more fragile." Boeing Co (-2.86%) and Verizon Communications Inc (-2.81%) both fell over >2.5%. Nvidia Corp eased -0.31% after President Trump said the U.S. will allow the firm to ship its H200 chips to "approved customers" in China and other countries.

US equity markets opened the week on a softer footing ahead of the Federal Reserve's latest interest rate decision on Thursday morning AEST (11 December)   - Dow fell -216-points or -0.45%, with Nike Inc (down -3.52%) and Procter & Gamble Co (-3.56%) both falling ~3.5%.  Boeing Co (up +2.17%) and Walt Disney Co (+2.21%) both climbed ~2.2%.The Dow Jones Transportation Average (down -0.26%), an index that tracks the stocks of companies that move goods and people around the country, snapped a ten session winning streak.

• US equity markets opened the week on a softer footing ahead of the Federal Reserve's latest interest rate decision on Thursday morning AEST (11 December) - Dow fell -216-points or -0.45%, with Nike Inc (down -3.52%) and Procter & Gamble Co (-3.56%) both falling ~3.5%. Boeing Co (up +2.17%) and Walt Disney Co (+2.21%) both climbed ~2.2%.

Breaking business news from Wichita Business Journal Editor Kirk Seminoff.

US equity markets advanced for a fourth consecutive session ahead of the Thanksgiving holiday - Dow rose +315-points or +0.67%. Boeing Co (up +2.46%) and Walmart Inc (+1.96%) were the leading performers in the 30-stock index. Nvidia Corp +1.37%

US equity markets retreated on Thursday as the Dow was on pace for its worst week in a month as strong Nvidia earnings weren't enough to cool investor fears. Dow fell -386.51 points or 0.84%. Notable stock moves included Cisco Systems Inc (-3.76%), Boeing Co (-3.4%) and Nvidia Corp (-3.15%) all falling >3%.The S&P500 and Nasdaq saw its largest intraday reversals since April's tariff woes. The broader S&P 500 declined -103.40 points or -1.56%.

US equity markets advanced, with the Dow and S&P500 snapping four session losing streaks ahead of the release of Dow component Nvidia Corp's (up +2.85% in the regular session) third quarter result after the closing bell and tonight's AEST delayed September jobs report - Dow edged +47-points or +0.10% higher. Boeing Co (down -2.07%) and Salesforce Inc (-2.41%) both fell over >2%.

US equity markets advanced, with the Dow and S&P500 snapping four session losing streaks ahead of the release of Dow component Nvidia Corp's (up +2.85% in the regular session) third quarter result after the closing bell and tonight's AEST delayed September jobs report - Dow edged +47-points or +0.10% higher. Boeing Co (down -2.07%) and Salesforce Inc (-2.41%) both fell over >2%.The broader S&P500 added +0.38%. Information Technology (+0.93%) and Communication Services (+0.72%) returned to the top of the primary sector leaderboard. Energy (down -1.30%) sat at the foot of the primary sector leaderboard.

US equity markets retreated a day after logging record intra-day highs for a third straight session, with investors continuing to assess earnings from mega-capitalisation technology names and yesterday's (30 October) meeting between President Trump and Chinese leader Xi Jinping  - Dow fell -110-points or -0.23%, sliding in the closing hour of trading . Boeing Co dropped -6.32% to be the worst performer in the 30-stock index a day after the aircraft manufacturer posted a weaker-than-expected third quarter profit and flagged a US$4.9B charge "associated with updated 777X certification timing." Microsoft Corp -2.92% despite posting better-than-expected third quarter EPS and revenue (US$77.7B versus consensus US$75.5B) after the close of the previous session, underpinned by Microsoft Cloud and AI strength. UnitedHealth Group Inc shed -2.96%, while Nvidia Corp lost -2%) a day after becoming the first company to close with a US$5 trillion market capitalisation

US equity markets advanced, with the S&P500 and Nasdaq booking fresh record closing highs despite the U.S. government shutdown entering its sixth day, with the White House threatening mass federal worker layoffs. - Dow eased -63-points or -0.14% Verizon Communications Inc -5.11% after Chief Executive Officer (CEO) Hans Vestberg stepped down, replaced by independent lead director and former PayPal Inc CEO Dan Schulman. Sherwin-Williams Co (-2.80%). Microsoft Corp (up +2.17%) and Salesforce Inc (+2.25%) rose over >2%, while Boeing Co gained +1.59% after Bloomberg reported that the airplane maker plans to accelerate its production of jets in its 737 Max line. The company could reach a 42-jet output per month for its 737 Maxs as soon as October, the report said.

US equity markets advanced, with the S&P500 and Nasdaq booking fresh record closing highs despite the U.S. government shutdown entering its sixth day, with the White House threatening mass federal worker layoffs. - Dow eased -63-points or -0.14% Verizon Communications Inc -5.11% after Chief Executive Officer (CEO) Hans Vestberg stepped down, replaced by independent lead director and former PayPal Inc CEO Dan Schulman. Sherwin-Williams Co (-2.80%). Microsoft Corp (up +2.17%) and Salesforce Inc (+2.25%) rose over >2%, while Boeing Co gained +1.59% after Bloomberg reported that the airplane maker plans to accelerate its production of jets in its 737 Max line. The company could reach a 42-jet output per month for its 737 Maxs as soon as October, the report said.

US equity markets advanced on Friday (26 September), snapping a three session losing streak following benign - Dow rose +300-points or +0.65% Boeing Co (up +3.62%) was the leading performer in the 30-stock index on Friday (26 September) after the Federal Aviation Administration confirmed a report the plane maker will be allowed to issue airworthiness certificates on some of its 737 Max and 787 jets. The eased restrictions, which enable the company to conduct the final safety check on certain aircraft, could help Boeing accelerate production and delivery schedules. In addition, Turkish Airlines finalised a deal to purchase 225 Boeing planes following Turkish President Recep Tayyip Erdoğan's visit to the U.S. last week.

US equity markets retreated from record highs, snapping a three-session streak that saw the three main indices post record intra-day and closing highs - Dow slipped -89-points or -0.19% to 46,292.78 after logging a fresh record intra-day high (46,447.13) shortly after the opening bell. Amazon.com Inc (down -3.04%) was the worst performer in the 30-stock index. The company squaring off against the Federal Trade Commission in court after the agency filed a lawsuit during the Biden administration alleging the company made it too onerous for customers to cancel their Prime memberships. Nvidia Corp fell -2.82% to US$178.43, handing back much of the previous session's +3.93% gain that lifted the chipmaker to record closing high (US$183.61) after the company said it's going to invest US$100B in OpenAI - the maker of ChatGPT - for the buildout of data centres based around the company's artificial intelligence (AI) chips. Boeing Co ( -0.26%) inked a lucrative contract to make planes for Uzbekistan Airways that President Trump described as “a GREAT deal” on his Truth Social network, noting that he had spoken with Uzbekistan president Shavkat Mirziyoyev last month.

US equity markets advanced as investors shrugged off President Trump's removal of Federal Reserve Governor Lisa Cook from the central bank's board and eyed Nvidia Corp's (+1.09%) second quarter result after the closing bell of tonight's AEST session - Dow rose +136-points or +0.30%. Boeing Co (up +3.51%) was the leading performer in the 30-stock index following news that Korean Air ordered 103 of the planemaker's passenger jets.

US equity markets advanced as investors shrugged off President Trump's removal of Federal Reserve Governor Lisa Cook from the central bank's board and eyed Nvidia Corp's (+1.09%) second quarter result after the closing bell of tonight's AEST session - Dow rose +136-points or +0.30%. Boeing Co (up +3.51%) was the leading performer in the 30-stock index following news that Korean Air ordered 103 of the planemaker's passenger jets.

US equity markets declined amid a further rotation out of large capitalisation technology stocks and with investors eyeing a speech from Federal Reserve Chair Jerome Powell tonight AEST - Dow fell -153-points or -0.34% Boeing Co (down -0.51%) is in discussions to sell as many as 500 jets to China, according to Bloomberg News. While the two sides are working out the details, including the number and kinds of aircraft included, Chinese officials have already begun asking domestic airlines how many planes they want, according to the report. Boeing has only made a handful of sales to Chinese carriers over the past few years.

Major technology companies led declines on US equity markets overnight - Dow inched +10-points or +0.02% higher to 44,922.27, touching a fresh record intra-day high (45,207.39). Nvidia Corp (down -3.50%) and Boeing Co (-3.19%) both fell over >3%. Reuters reported that Nvidia could look to deliver samples of a new artificial intelligence (AI) chip, entatively known as the B30A, to Chinese clients for testing as early as next month. Separately, there were reports that Chief Executive Officer (CEO) Jensen Huang sold 150,000 shares in the AI semiconductor giant.

Major technology companies led declines on US equity markets overnight - Dow inched +10-points or +0.02% higher to 44,922.27, touching a fresh record intra-day high (45,207.39). Nvidia Corp (down -3.50%) and Boeing Co (-3.19%) both fell over >3%. Reuters reported that Nvidia could look to deliver samples of a new artificial intelligence (AI) chip, entatively known as the B30A,  to Chinese clients for testing as early as next month. Separately, there were reports that Chief Executive Officer (CEO) Jensen Huang sold 150,000 shares in the AI semiconductor giant.

The S&P500 and Nasdaq booked fresh record closing highs after tame inflation figures raised the likelihood of a Federal Reserve interest rate cut in September - Dow rose +484-points or +1.10% UnitedHealth Group Inc (up +3.65%) was the leading performer in the 30-stock index overnight. Goldman Sachs Group Inc (+3.36%) also gained over >3% despite President Trump criticising the investment bank's Chief Executive Officer (CEO), David Solomon, on the Truth Social platform. "David Solomon and Goldman Sachs refuse to give credit where credit is due," President Trump wrote on Truth Social. "They made a bad prediction a long time ago on both the Market repercussion and the Tariffs themselves, and they were wrong, just like they are wrong about so much else." American Express Co (+2.36%), Boeing Co (+2.94%) and Home Depot Inc (+2.19%) all rose over >2%.

On today's podcast: 1) President Donald Trump said he will announce a new Federal Reserve governor and a new jobs data statistician in the coming days, two appointments that may shape his economic agenda amid anxiety over the trajectory of global growth. 2) Workers at Boeing Co.’s St. Louis-area defense factories are striking for the first time in almost three decades after union members rejected the company’s modified contract offer. 3) US Trade Representative Jamieson Greer sounded a cautiously optimistic note on discussions with China on rare earth flows, following trade talks that further steadied ties between the economies.See omnystudio.com/listener for privacy information.

US equity markets rebounded from last Friday's (1 August) steep falls amid increased bets for a September interest rate cut in the wake of weaker-than-expected jobs data - Dow rose +585-points or +1.34%, more than erasing last Friday's (1 August) -542-point/-1.23% decline. Nvidia Corp rallied +3.62% to be the leading performer in the 30-stock index, while Cisco Systems Inc (+2.06%), Goldman Sachs Group Inc (+2.32%), Johnson & Johnson (2.22%), 3M Co (+2.40%), Microsoft Corp (+2.20%) and Walt Disney Co (+2.37%) all climbed over >2%. Boeing Co (+0.20%) is facing its second work stoppage in less than a year after more than 3,000 workers went on strike at midnight following a rejection of the plane maker's latest offer on Sunday (3 August).

US equity markets advanced amid some positive news and headlines in the trade front, while investors continued to wade through the latest quarterly earnings releases - Dow rallied +508-points or +1.14% to 45.010.29, falling just shy of recording its first record closing high since December. All of Boeing Co (up +2.36%), Caterpillar Inc (+2.49%), Chevron Corp (+2.05%), Goldman Sachs Group Inc (+2.44%), Merck & Co Inc (+2.90%), UnitedHealth Group Inc (+2.59%) and Nvidia Corp (+2.25%) rising over >2%.

On today's podcast: 1) Nvidia surges to an all-time high on news it will resume Chip sales to China. US government officials told Nvidia they would green-light export licenses for the H20 artificial intelligence accelerator, according to the company. The move is seen as a "massive win" for Nvidia's Chief Executive Officer Jensen Huang, and is also viewed positively by Vey-Sern Ling, managing director at Union Bancaire Privee, who says it is "obviously positive" for Nvidia, the AI semiconductor supply chain, and China tech platforms.2) The European Union puts out new tariff targets if it can't reach a deal with the US. The European Union has finalized a list of countermeasures to target US goods worth €72 billion, including Boeing Co. aircraft, automobiles and bourbon. The list includes US machinery products, chemicals and plastics, medical devices, electrical equipment, wines and other agricultural goods, according to a document prepared by the European Commission. The EU trade chief Maros Sefcovic says the US tariff policy is "effectively prohibitive" to transatlantic trade, and the EU insists any settlement must be mutually beneficial to both sides.3) Big bank earnings begin with JPMorgan Chase, Wells Fargo, and Citi reporting. America’s biggest banks are heading into earnings season with tailwinds from trading and lending as they benefit from market volatility and steady borrowing costs. Investment banking may be a weak spot as sluggish closings offset a pickup in deal announcements, Bloomberg Intelligence said.See omnystudio.com/listener for privacy information.

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Chancellor of the Exchequer Rachel Reeves will highlight plans to spur homeownership by easing access to mortgages in her flagship annual address to the City of London, a key moment for Britain’s finance minister as she seeks to bounce back from a rocky period that included a market-moving tearful appearance in the House of Commons.(2) The UK economy is showing more signs of rebounding from its recent slump, with a jump in June retail sales adding to evidence of a strong pick-up in activity seen in other leading indicators.(3) China’s economic growth exceeded expectations in the second quarter, but strong exports to markets outside the US masked deepening pressure caused by weak consumer demand at home.(4) Nvidia Corp. plans to resume sales of its H20 AI chip to China after securing Washington’s assurances that such shipments would get approved, a dramatic reversal from the Trump administration’s earlier stance.(5) US President Donald Trump threatened to impose stiff financial penalties on Russia if it does not end hostilities with Ukraine even as he pledged fresh weapons supplies for Kyiv.(6) The European Union has finalized a second list of countermeasures to target US goods worth €72 billion ($84 billion), including Boeing Co. aircraft, automobiles and bourbon if it decides to retaliate as transatlantic trade tensions intensify.Podcast Conversation: What’s in a Fob? The Surprising Complexity of Designing Car KeysSee omnystudio.com/listener for privacy information.

US equity markets logged modest gains as investors continued to monitor trade headlines ahead of key inflation data and the beginning of second quarter earnings season tonight AEST - Dow rose +88-points or +0.20% Boeing Co rose +1.62% after a preliminary report was released over the weekend regarding the cause of last month's Air India crash that killed more than 250 people on board and on the ground and did not recommend actions to fix any safety issues for operators or manufacturers of the Boeing plane and GE Aerospace (+2.71%) engines. Chevron Corp (down -2.36%) and Procter & Gamble Co (-2.09%) fell over >2%.

The benchmark S&P 500 index and Nasdaq indices hit record all-time highs on Friday (27 June) albeit US equity markets settled off their session highs (and briefly turned negative in afternoon trading) as investors digested a mixture of trade policy news - Dow rose +432-points or +1.00% to 43,819.27, still sitting ~2.7% below its record high. Nike Inc soared +15.19% to pace gains in both the Dow and S&P 500 after athletic apparel maker topped fiscal fourth-quarter estimates after the close of last Thursday's (26 June) session. Boeing Co rallied +5.91%, buoyed by news of Washington and Beijing agreeing on a framework of a trade deal after a months-long tariff war. Nvidia Corp (+1.76%) insiders sold over >US$1B worth of company stock in the past year, with a notable uptick in recent trading activity as executives capitalise on surging investor interest in artificial intelligence (AI), the Financial Times (FT) reported on Sunday (29 June). More than >US$500M of the share sales took place this month as the chip designer's share price climbed to an all-time high. Nvidia last week usurped Microsoft Corp (down -0.30%) as the world's most valuable company by market capitalisation. A Securities and Exchange Commission (SEC) filing recorded that Chief Executive Officer (CEO) Jensen Huang started selling shares last week for the first time since September.

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Israel launched waves of airstrikes against Iran’s nuclear program and ballistic-missile sites on Friday morning, a major escalation in the standoff between the two adversaries that risks sparking a wider war in the Middle East. (2) Explosions were heard across Tehran and in the city of Natanz, home to one of its nuclear sites, according to videos and local media. (3) US President Donald Trump says Iran cannot have a nuclear bomb, Fox News journalist Bret Baier reports, citing an interview with him after Israel launches strikes against Iran. The strikes came just hours after Trump had suggested to reporters the US still believed in the prospects for a diplomatic solution. (4) Oil surged as much as 13% after Israel carried out waves of military strikes against Iran, raising fears of a wider war in a region that accounts for a third of global crude production. (5) Stocks fell along with equity-index futures and investors rushed to the safety of haven assets after Israel attacked Iran’s nuclear program sites in a major escalation of tensions in the Middle East. Crude oil jumped 9%, the biggest move in more than three years. (6) Investigators have started combing the wreckage of Air India flight AI171 as they seek to determine what caused the Boeing Co. Dreamliner to crash shortly after takeoff Thursday afternoon, killing all but one of the 242 people aboard in the deadliest aviation accident in more than a decade. See omnystudio.com/listener for privacy information.

A Boeing Co. 787 Dreamliner aircraft operated by Air India that was bound for London crashed shortly after taking off in Ahmedabad, in what stands to be the worst accident involving the US planemaker’s most advanced widebody airliner. Flight AI171 was carrying 242 passengers and crew. Video footage shared on social media showed a giant plume of smoke engulfing the crash site, with no reports of survivors. The aircraft entered a slow descent shortly after taking off, with its landing gear still extended before exploding into a huge fireball upon impact. The crash took place in a residential area, which could mean a higher death toll. The twin-engine plane had reached an altitude of 625 feet (190.5 meters) at a speed of 174 knots, according to data from Flightradar24. The accident extends a series of serious and fatal incidents in the civil aviation industry this year, including a mid-air collision in Washington early in 2025 between a military helicopter and an aircraft. Air India is in the middle of a strategic turnaround that includes a huge aircraft order as it seeks to tap growing demand from a rising Indian middle class. Indian Prime Minister Narendra Modi said the accident is “heartbreaking beyond words,” according to a statement, adding that he’s been in touch with ministers and authorities assisting the salvage operation.Boeing shares fell 7% in premarket US trading. The 787 is the company’s most advanced in-service aircraft and is popular with airlines because it is more fuel efficient thanks to its use of lightweight composite materials. Boeing said it’s “aware of initial reports and are working to gather more information.”See omnystudio.com/listener for privacy information.

On today's podcast: 1) An Air India Ltd. Boeing Co. 787 aircraft traveling from Ahmedabad in India to London’s Gatwick airport crashed shortly after taking off, in what stands to be the most serious accident involving the US planemaker’s most advanced widebody airliner. The airline said that Flight AI171 was “involved in an incident” and that Air India is “ascertaining the details.” Footage shared on social media showed a giant plume of smoke engulfing the crash site, with no reports of fatalities or survivors. The flight was carrying 242 passengers and crew, according to news agency ANI. 2) Los Angeles spends another night under curfew as protests spread to more cities. Protests over immigration raids in Los Angeles have spread to other US cities, including New York, Chicago, and Milwaukee, with clashes between protesters and law enforcement. The federal government has expanded its show of force, deploying National Guard troops and authorizing the use of the Hobbs Act to take over criminal cases, which California officials have criticized as "unlawful, unconstitutional and undemocratic". 3) President Trump says he will set unilateral tariffs on countries in 2 weeks. The president plans to send letters to trading partners in the next one to two weeks setting unilateral tariff rates ahead of a July 9 deadline. President Trump has threatened to impose higher duties on dozens of economies, but has only reached a trade framework with the UK and a tariff truce with China, which was recently threatened.See omnystudio.com/listener for privacy information.

US equity markets advanced and remained on track to book a third straight weekly gain as investors awaited more signs of progress on trade negotiations and responded to fresh economic data - Dow added +102-points or +0.24% Boeing Co -4.79% after an Air India 787-8 Dreamliner jet crashed minutes after taking off in India's western city of Ahmedabad, killing more than 200 people.

US equity markets settled with modest gains, building on last week's advance that saw the benchmark indices log weekly gains of over >1% as investors awaited news from trade talks taking place between the U.S. and China - Dow flat at 42,761.76. Apple Inc -1.21% as its annual Worldwide Developers Conference kicked off overnight, with the company announcing its first new iPhone operating system redesign since 2013. However, there were no highly anticipated updates around artificial intelligence (AI)-enhanced Siri features, with Senior Vice President of Software Engineering Craig Federighi saying that the Siri features “need more time to reach our high quality bar” and that more information will be released “in the coming year.”  Boeing Co (up +3.18%) aircraft manufacturer landed its first plane in China after the easing of trade tensions with the U.S. led Beijing to allow deliveries of its jets again. Nvidia Corp +0.64% Chief Executive Officer (CEO) Jensen Huang pledging to boost investment in the UK's AI sector at London Tech Week, describing a “Goldilocks” opportunity. Meanwhile, the NVIDIA GTC 2025 - AI Conference for Developers kicks off in Paris tonight AEST.

US equity markets settled with modest gains, building on last week's advance that saw the benchmark indices log weekly gains of over >1% as investors awaited news from trade talks taking place between the U.S. and China - Dow flat at 42,761.76. Apple Inc -1.21% as its annual Worldwide Developers Conference kicked off overnight, with the company announcing its first new iPhone operating system redesign since 2013. However, there were no highly anticipated updates around artificial intelligence (AI)-enhanced Siri features, with Senior Vice President of Software Engineering Craig Federighi saying that the Siri features “need more time to reach our high quality bar” and that more information will be released “in the coming year.” Boeing Co (up +3.18%) aircraft manufacturer landed its first plane in China after the easing of trade tensions with the U.S. led Beijing to allow deliveries of its jets again. Nvidia Corp +0.64% Chief Executive Officer (CEO) Jensen Huang pledging to boost investment in the UK's AI sector at London Tech Week, describing a “Goldilocks” opportunity. Meanwhile, the NVIDIA GTC 2025 - AI Conference for Developers kicks off in Paris tonight AEST.

Stocks in Asia fell early Thursday for the first time in five sessions as the rally on Wall Street sparked by US-China trade talks showed signs of exhaustion, on speculation stocks have run too fast amid risks stemming from a trade war to an economic slowdown and sticky inflation. Japanese and Australian stocks edged lower, while a gauge of US-listed Chinese companies climbed 1.2% on Wednesday. Tencent Holdings Ltd.'s revenue grew at its fastest pace in more than three years. We get a look at the market landscape with Mark Konyn, Chief Investment Officer at AIA Group. Stateside, the S&P 500 edged up just 0.1%. Most sectors fell, but big tech climbed. Boeing Co. gained on its largest-ever deal, with Qatar Airways placing an order for long-range jets during a visit to Doha by Donald Trump. The dollar erased losses as Bloomberg News reported the US is not working to include currency policy pledges in trade accords. Bond yields rose as Federal Reserve rate-cut bets receded. We get the views of John Creekmur, Chief Investment Officer at Creekmur Wealth Advisors.See omnystudio.com/listener for privacy information.

Boeing Co. has had more than its share of struggles in the past few years. The airplane and aerospace manufacturing giant has become a national joke owing to quality problems on its commercial aircraft that resulted in bolts missing or loose on cabin doors and other mishaps. Most recently, Boeing is being called to account by Congress for problems related to the Starliner, which recently got stuck at the International Space Station. For Peter Schweizer, host of The Drill Down, Boeing's problems are personal. He grew up in the Seattle area, where his father, an immigrant from Switzerland, worked as an engineer at Boeing for more than 30 years designing wing flaps and the hydraulic components that operate them. Boeing in the 1970s and 1980s was a different company, before its merger with aerospace company McDonnell-Douglas, but he remembers a proud company pursuing excellence and innovation in everything it did. Learn more about your ad choices. Visit megaphone.fm/adchoices

Over the last ten years, we have seen a marked shift from the Delaware Chancery Court chipping away at corporate board member liability claims. In a number of seminal cases involving Boeing airplane crashes (In re the Boeing Co. Derivative Litig., No. 2019-0907 (Del. Ch. Sept 7, 2021)), and deadly listeria outbreaks from tainted ice cream (Marchand v. Barnhill, 212 A.3d 805 (Del. 2019)), Delaware Courts have upheld plaintiffs' cases against claims of failing to adequately plead violations of the standards set forth in Caremark, 698 A.2d 959 (Del. Ch. 1996), (establishing basic pleading requirements to withstand motions to dismiss). In this episode, Mike Volkov provides a comprehensive update on the recent Caremark decisions issued by the Delaware Chancery Court, underscoring their importance for accountability and governance in the corporate world.Caremark oversight duties stem from the well-established duty of loyalty and its subsidiary duty of good faith. To plead a Caremark claim, a plaintiff is required to put forth adequate facts from which a factfinder can make a reasonable inference that the fiduciary acted in bad faith. Under Caremark, bad faith can be established when a fiduciary: “(1) utterly fail[s] to implement any reporting or information system or controls," or (2) having implemented such a system or controls, consciously fail to monitor or oversee its operations, which results in a failure to act or attend to a risk or problem requiring their attention or response. Last year, the Chancery Court made a groundbreaking decision, extending the so-called Caremark oversight obligations and governance requirements to senior management in the McDonald's case. In re McDonald's Corp. S'holder Derivative Litig., 289 A.3d 343 (Del. Ch. 2023). This ruling is one of the most significant developments in recent years, advocating for increased accountability for oversight and governance failures.Recent cases, such as the Boeing 737 MAX crashes and the Listeria outbreak from tainted Blue Bell ice cream, have highlighted failures in proper board governance and oversight responsibilities.In a case involving Segway, the Chancery Court dismissed a motion against an officer for failing to detect financial discrepancies, emphasizing the need to demonstrate a lack of good faith in monitoring central compliance risks.The trend in Delaware Chancery Court decisions is moving towards holding directors and officers accountable for failures to act in response to indications of potential illegal conduct, with a focus on bad faith actions.The Boeing case exemplifies the consequences of board members ignoring safety concerns and focusing solely on the bottom line, leading to tragic outcomes that could have been prevented with proper oversight and accountability.ResourcesMichael Volkov on LinkedIn | TwitterThe Volkov Law Group

This Day in Legal History: President Johnson AcquittedOn May 16, 1868, a significant moment in U.S. legal and political history occurred when President Andrew Johnson was acquitted in his impeachment trial. Johnson, who had ascended to the presidency following the assassination of Abraham Lincoln, was charged with high crimes and misdemeanors, primarily stemming from his violations of the Tenure of Office Act. This law, which was later repealed, had been designed to restrict the power of the President to remove certain officeholders without the Senate's approval.The crux of the case against Johnson was his attempt to remove Edwin Stanton, the Secretary of War, without Senate consent, which ignited a fierce political battle with the Radical Republicans who dominated Congress. These lawmakers sought a stricter Reconstruction of the Southern states following the Civil War, a process Johnson had obstructed through his lenient policies towards the former Confederate states.The impeachment trial in the Senate was a closely watched affair, reflecting deep national divisions during a tumultuous period in American history. Johnson narrowly escaped removal from office by one vote, securing a "not guilty" verdict with a tally of 35-19, just shy of the two-thirds majority required for conviction.This verdict had lasting implications for the balance of power between the presidency and Congress, highlighting the complexities of presidential impeachment. Johnson's trial set a significant precedent, establishing that political disagreements alone were not sufficient grounds for removal from office under the Constitution. This event remains a pivotal chapter in the saga of American governance and legal standards, underscoring the enduring struggle over the limits of presidential authority.Ghostwriting in legal briefs refers to the practice where an experienced attorney, often a specialist in Supreme Court matters, writes or significantly contributes to a brief without their name appearing on the document. This tactic is predominantly used in opposition briefs—the documents that argue why the Supreme Court should not agree to hear a particular case. The strategy behind ghostwriting is to leverage the expertise of seasoned Supreme Court advocates without drawing attention to the case with a high-profile name. This can make the brief more persuasive without signaling that the case might be significant enough to warrant the Court's attention.Despite there being no explicit rules against ghostwriting in court documents, and the American Bar Association deeming it ethically permissible under certain circumstances, the practice has sparked debate. Critics, like law professor Daniel Epps, argue that it might be seen as misleading because it intentionally hides the involvement of influential lawyers to influence the Court's decisions indirectly. Advocates of transparency suggest that disclosing all authors of a brief could lead to more informed decision-making by the justices.However, some legal experts argue that ghostwriting is detectable by justices familiar with the distinct writing styles and argumentative structures typical of veteran Supreme Court lawyers. This recognition could potentially undermine the purpose of ghostwriting by making the justices aware of the underlying significance and expert handling of the case. Despite these concerns, ghostwriting remains a utilized, albeit controversial, tactic in the strategic presentation of cases to the Supreme Court.Ghostwriters Try Steering Supreme Court Justices Away from CasesQuinn Emanuel, a prominent law firm, has integrated an AI-powered tool from Pre/Dicta to predict judicial decisions in litigation cases, enhancing strategic planning and case management. The tool, developed by Pre/Dicta—a company specializing in judicial analytics—utilizes artificial intelligence to analyze various judge-specific factors such as age, gender, education, and net worth, which the company's CEO, Dan Rabinowitz, suggests, in reporting by Bloomberg Law, influence decision-making. This predictive capability is seen as critical for litigators, akin to writing briefs.The technology is designed to anticipate judges' rulings on various motions including summary judgments, class certifications, and venue transfers with an impressive accuracy of about 85%, as evidenced by tests on 50,000 cases. Ryan Landes, a partner at Quinn Emanuel, highlights the strategic advantage this provides, potentially altering the cost-benefit analysis of legal actions based on predicted outcomes.Currently, the tool is used only for analyzing federal court cases, with plans to expand to state court cases, starting with California. This AI application underscores the broader trend of law firms leveraging new technologies to improve efficiency and decision-making.Quinn Emanuel Adopts AI-Powered Tool to Predict Judicial RulingsFederal lawmakers have begun efforts to repeal a new rule by the Department of Labor (DOL) that broadens the definition of a fiduciary, impacting more financial advisors. This rule, finalized in April, extends fiduciary responsibilities to include advice on rolling over 401(k) funds into annuities and individual retirement accounts. Critics, including some Wall Street firms and life insurers, argue that this rule could hinder their ability to earn commissions and offer services, potentially complicating retirement planning for individuals.The resolution to overturn the rule is led by Senators Ted Budd, Bill Cassidy, Joe Manchin, and Roger Marshall, along with support in the House from Representatives Rick Allen and Virginia Foxx. They claim the rule constitutes executive overreach and could limit consumers' financial management options and access to advice, risking their future financial security.The rule is already facing legal challenges from the insurance industry, which seeks to prevent its enforcement through a lawsuit filed under the Administrative Procedure Act. This legal action requests both a preliminary and permanent injunction against the rule.The process to repeal the rule involves a Congressional Review Act (CRA) procedure, where Congress, after receiving a report from the Labor Department, has 60 days to pass a joint resolution of disapproval. If passed, this would proceed to President Joe Biden's desk, where he is likely to veto it based on previous actions, such as his veto of a resolution against the DOL's ESG rule in March 2023. However, there remains a possibility for Congress to override such a veto.Biden 401(k) Advice Rule Repeal Effort Begins in Congress (2)Boeing Co. is facing significant scrutiny from shareholders at its annual meeting on May 17, reflecting deep dissatisfaction with the company's management and response to ongoing safety issues with its jets. Shareholders, advised by proxy-voting firms Glass Lewis and Institutional Shareholder Services (ISS), are particularly critical of Boeing's board and executive compensation, signaling discontent with how the company has addressed the systemic safety failures that have plagued its newer aircraft models.Glass Lewis has recommended voting against the reelection of certain board members, including those leading the audit and aerospace safety committees, due to their perceived failure in overseeing necessary safety improvements. Additionally, ISS has advised shareholders to reject the outgoing CEO Dave Calhoun's pay package, which saw a substantial increase despite the company's troubling safety record and operational challenges. This package includes a significant bonus that coincided with additional safety incidents, raising concerns about the misalignment between executive compensation and company performance.The dissatisfaction comes amid a backdrop of operational failures that have not only affected Boeing's share price, which has dropped significantly, but also raised potential for criminal prosecution due to violations of a deferred-prosecution agreement related to past crashes. These ongoing issues, coupled with a wave of executive retirements, including that of CEO Calhoun, suggest a tumultuous period for Boeing.Despite the likelihood that the board members and executive pay proposals will pass, a substantial number of dissenting votes would highlight the shaky confidence investors have in the current leadership's ability to turn around the company's fortunes and address its safety culture effectively. This climate of uncertainty could also impact Boeing's ability to attract a capable successor for Calhoun, as potential candidates may be deterred by the reputational risks and scrutinized compensation involved.Boeing Safety Woes Fuel Opposition to CEO's Pay, Board Make-Up Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

This Day in Legal History: WWI German Use of Chemical Weapons on Canadian TroopsOn April 24, 1915, during the Second Battle of Ypres in World War I, German forces launched one of the first large-scale chemical weapon attacks in history. This attack targeted Canadian troops stationed near the town of Ypres in Belgium. The Germans released chlorine gas, which spread over the Allied trenches, causing widespread injury and death. This marked a grim milestone in the use of modern chemical warfare. Initially unprepared for such a method of warfare, the Allies soon developed their own chemical weapons and retaliatory tactics. British and French forces began incorporating gas warfare into their strategies, leading to an escalation of chemical weapon use on all sides. The devastating effects of gas attacks during World War I highlighted the urgent need for regulation. Efforts to ban the use of chemical weapons gained momentum after the war. One significant advocate for such measures was the International Committee of the Red Cross, which pushed for international agreements to prohibit chemical warfare. Their advocacy was crucial in shaping public and political opinion on the issue.This advocacy culminated in the drafting of the Geneva Protocol in 1925. Formally known as the Protocol for the Prohibition of the Use in War of Asphyxiating, Poisonous or Other Gases, and of Bacteriological Methods of Warfare, this treaty marked a significant step forward in international law. Signed on June 17, 1925, the protocol was initially signed by 38 countries. The Protocol prohibited the use of asphyxiating, poisonous gases, and bacteriological methods of warfare in conflicts. Despite its limitations—such as not restricting the production, storage, or transfer of these weapons—it represented a key milestone in the efforts to control and eventually eliminate the use of chemical weapons in conflicts. This agreement laid the groundwork for later treaties that aimed to further control or eradicate weapons of mass destruction.Boeing Co. executives Dave Calhoun and Stan Deal are set to retire with substantial compensation packages totaling approximately $45 million, despite their tenure overlapping with significant manufacturing issues in the 737 series jets. This substantial payout is possible because they are retiring rather than being dismissed, allowing them to avoid the company's clawback policy which could have otherwise enabled Boeing to reclaim some of their earnings due to negligence or misconduct. Their strategic retirement comes at a time when Boeing is under heavy scrutiny following a safety incident involving a 737 Max 9, which led to a 32% drop in the company's share prices and raised serious quality concerns among stakeholders.In response to these quality issues, Boeing shareholders are expected to approve new compensation guidelines that tie executive pay more closely to safety and operational performance. This policy change follows a leadership reshuffle initiated two months after the incident, signaling a concerted effort to pivot towards stringent safety measures. The new policy is a shift from the previous model, where operational performance was less significantly weighted compared to financial metrics.The existing clawback policy at Boeing allows for the recovery of incentive-based compensation in cases of misconduct or negligence that impacts the company's product safety. However, this policy requires significant misconduct for activation, which has not been pursued in the case of Calhoun and Deal according to the latest reports.An element of law relevant here is the clawback provision under the Sarbanes-Oxley Act of 2002, enhanced by the Dodd-Frank Act of 2010. These laws were designed to improve corporate governance and accountability, especially in the wake of financial scandals. Under these regulations, public companies can reclaim executive compensation in the event of misconduct that leads to financial restatements or significant failures in corporate governance. This legislative framework is crucial for understanding how companies like Boeing create and enforce policies meant to ensure executive accountability, especially in situations impacting public safety and investor interests. Boeing Leaders' Windfall Predates New Safety Goals Tied to PayBoeing to face questions on potential CEO candidates, Spirit talks | ReutersThe U.S. Senate has passed a bill requiring ByteDance, the Chinese owner of TikTok, to divest its U.S. operations within nine months or face a nationwide ban. President Joe Biden intends to sign the bill, initiating a 270-day period for ByteDance to complete the sale, potentially extendable by 90 days. If no sale occurs by then, the fate of TikTok could depend on the incoming U.S. president after the January 2025 inauguration.Once the law is enacted, TikTok is expected to file a lawsuit challenging its constitutionality and seek a preliminary injunction to prevent the law's enforcement while the case is considered. This legal strategy mirrors TikTok's successful efforts in Montana, where it obtained an injunction against a state-level ban.If TikTok secures a preliminary injunction, the sale could be delayed, allowing TikTok to continue operating in the U.S. during the legal proceedings. This situation recalls previous attempts by the Trump administration to ban TikTok and WeChat, which were thwarted by legal challenges, leading to Biden rescinding those orders in 2021.The outcome of this legislation and TikTok's legal challenges could significantly impact its 170 million U.S. users, although no immediate changes to the app are expected until the divestment period concludes in early 2025.Regarding international considerations, the divestment of TikTok might require approval from the Chinese government due to export controls on certain technologies, including TikTok's recommendation algorithm.TikTok ban: What happens next after US Senate passed the bill? | ReutersThe Federal Trade Commission (FTC) has adopted a comprehensive ban on non-compete clauses, which are contractual agreements that limit employees' ability to switch jobs within their industry. This decision, prompted by an executive order from President Biden three years ago, aims to mitigate the restrictions that roughly 20% of U.S. workers face due to such clauses. FTC Chair Lina Khan highlighted that this rule is about protecting economic liberty and dismissed claims that the FTC lacks the authority to enforce such regulations.The new rule, passed with a 3-2 vote, will prohibit most new non-compete agreements, including those for senior executives. However, pre-existing agreements for high-earning executives in policymaking positions will remain unaffected. Lower-level employees' existing non-compete agreements will become void six months after the rule is implemented, potentially boosting U.S. earnings by over $400 billion in the next decade. This rule excludes employees of non-profits and franchises.The rule has significant support from labor organizations like AFL-CIO and the Service Employees International Union, as well as Democratic senators and attorneys general from various states. The public largely favors the ban, as evidenced by the overwhelming majority of supportive comments received during the FTC's consultation period.Opposition comes from business groups and some FTC members who argue that the rule is too broad and infringes on companies' rights to protect confidential information. Critics, including the U.S. Chamber of Commerce, argue that the FTC oversteps its regulatory bounds and threatens economic micromanagement. This has sparked promises of legal challenges against the rule's enforcement.The key debate here is over the FTC's rulemaking authority. This aspect is crucial because it underpins the entire legal challenge likely to follow. Opponents argue the FTC lacks the explicit congressional authorization needed to enact such broad economic regulations, a point of contention that echoes recent Supreme Court skepticism towards perceived agency overreach. This legal argument could significantly influence the rule's future and its impact on American labor markets.FTC Issues Worker Non-Compete Ban as Chamber Lawsuit Looms (2)U.S. bans noncompete agreements for nearly all jobsChangpeng Zhao, the founder of Binance, the world's largest cryptocurrency exchange, is facing a proposed sentence of 36 months in prison after pleading guilty to charges related to money laundering violations. U.S. prosecutors have made this recommendation due to the severity of Zhao's infractions, emphasizing that his actions knowingly violated U.S. laws. Although federal guidelines suggest a maximum of 18 months for such offenses, the prosecution argues for a longer sentence given the case's circumstances.Zhao resigned as CEO of Binance in November following his and the company's admission of these violations, resulting in a staggering penalty of $4.32 billion for Binance. This penalty includes a $1.81 billion criminal fine and $2.51 billion in restitution. Additionally, Zhao has agreed to a personal fine of $50 million and to sever all ties with Binance, which he originally founded in 2017.Binance itself was found to have failed in reporting over 100,000 transactions suspected of being linked to terrorist groups such as Hamas, al Qaeda, and ISIS. Furthermore, the platform was implicated in facilitating the sale of child sexual abuse materials and processing a significant amount of ransomware payments.Zhao, who is out on a $175 million bond in the U.S., has consented to these penalties and has opted not to appeal any sentence up to 18 months. His sentencing is scheduled for April 30 in Seattle.US seeks 36 months' jail for Binance founder Zhao | Reuters Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

This Day in Legal History: Slobodan Milosevic Trial BeginsOn this day in legal history, the trial of Slobodan Milosevic, a pivotal figure in the Balkan civil wars of the 1990s, commenced on February 12, 2002, at The Hague, The Netherlands. Held at the International Criminal Tribunal for the former Yugoslavia (ICTY), this landmark case marked a significant moment in international law. Milosevic, who once held the presidency of Yugoslavia, faced charges that were both grave and far-reaching. Indicted on sixty-six counts, the charges against him included war crimes, genocide, and crimes against humanity, reflecting the severe impact of the conflicts that tore through the Balkans. The trial itself became a focal point for global attention, symbolizing the international community's commitment to holding leaders accountable for their actions. However, the proceedings were abruptly halted by the untimely death of Milosevic due to a heart attack, leaving the case without a formal verdict. Despite its inconclusive end, the trial of Slobodan Milosevic remains a cornerstone in the pursuit of justice for victims of the Balkan wars and underscores the complexities of applying international law in cases of mass atrocities.Corporate boards are increasingly facing legal battles with activist investors due to the implementation of stringent advance-notice bylaws, designed to complicate the nomination of rival board members. These legal disputes, involving companies like Halliburton Co. and Peloton Interactive Inc., question the extent to which boards can enforce these bylaws to exclude activist nominees from shareholder ballots. The bylaws, seen as a reaction to regulatory changes and a Delaware Supreme Court ruling that lessened scrutiny of potentially disenfranchising measures, have been criticized for their potential to be "weaponized" against dissidents. Recent court cases, including a notable decision involving AIM Immunotech Inc., have resulted in mixed rulings, indicating a complex legal landscape ahead. These bylaws are challenged for various reasons, from their use to uncover conflicts of interest to allegations of being used to unfairly disqualify nominees. The legal community is divided on whether overreaching provisions should invalidate the entire set of bylaws or just be selectively struck down. The ongoing litigation reflects a broader struggle over the balance of power between corporate boards and shareholders, hinting at future legal developments that may redefine the rules of engagement for corporate governance.Activist Investors Confront ‘Weaponized' Board Nomination BylawsA U.S. judge has mandated that Elon Musk, CEO of Tesla and SpaceX and owner of the social media platform X (formerly Twitter), testify in the Securities and Exchange Commission's (SEC) investigation into his acquisition of Twitter for $44 billion. This order, issued by U.S. Magistrate Judge Laurel Beeler, follows Musk's refusal to attend a scheduled interview in September as part of the SEC's examination into his compliance with legal requirements during the takeover, specifically concerning the filings related to his Twitter stock purchases and the accuracy of his statements about the deal. Musk contested the SEC's request, claiming harassment and arguing that he had already been interviewed twice. However, Judge Beeler dismissed Musk's objections, affirming the SEC's right to subpoena him for information pertinent to their investigation. This legal development is part of a broader history of friction between Musk and the SEC, dating back to a 2018 lawsuit over Musk's tweets about potentially taking Tesla private.US judge orders Elon Musk to testify in SEC's Twitter probe | ReutersIn late 2023, law firms experienced a notable financial turnaround, buoyed by significant rate growth and an uptick in demand for countercyclical services, which thrive during economic downturns. According to the Thomson Reuters Law Firm Financial Index, which monitors key financial indicators across 173 large and midsize firms, there was a year-over-year increase in profits during the fourth quarter, contrasting with the declines observed in 2022. Specifically, the Am Law 100 firms saw a 6% rise in profits-per-equity partner, while Am Law 200 firms enjoyed a 2.5% increase, and midsize firms witnessed a marginal 0.3% uptick in profitability.This recovery, however, did not reach the double-digit profit growth rates of 2020 and 2021, marking a period of recalibration for the industry. Law firms demonstrated resilience by aggressively adjusting their rates and managing expenses, particularly those related to associate compensation. The overall demand for law firm services rose nearly 2%, driven by strong performance in litigation and bankruptcy sectors, which saw increases of 3% and over 6%, respectively. Labor and employment demand also went up by nearly 3%.However, lawyer productivity is on a downward trend, with average billing hours per month dropping to 115 in the fourth quarter of 2023, the lowest since at least 2005. This decline is attributed to the impact of technology and the use of alternative fee arrangements, which decouple hours worked from firm profitability. The industry faces challenges in boosting productivity amid stable demand and headcount, setting the stage for a volatile 2024 with continued staffing and technological risks.Law firms' profits rebounded in late 2023 amid robust rate growth | ReutersDan Webb, a prominent lawyer from Winston & Strawn who has defended Fox News and Boeing Co., is actively supporting the centrist political group No Labels in its effort to launch a third-party "unity" ticket that combines a Republican and a Democrat for the 2024 election. This initiative is driven by a desire to offer Americans an alternative to Joe Biden and Donald Trump, amidst criticism that it could inadvertently benefit Trump. Webb, who identifies as a moderate Republican and has a long history of involvement in politics, including serving as US attorney for Illinois' Northern District appointed by Ronald Reagan, is volunteering for No Labels. He has participated in strategy discussions and is helping to vet candidates for a potential nominating convention. Despite the potential for political backlash and amidst a broader context where law firms are wary of political entanglements, Webb is committed to the cause, citing the unpopularity of both Biden and Trump and the need for a new choice in leadership. No Labels has made progress in getting on the presidential ballot in 15 states, with decisions about a third-party candidacy to be made after Super Tuesday in March. However, the group's efforts have attracted lawsuits and criticism, with accusations of being a threat to democracy and engaging in a "bait and switch" with donors. Webb's involvement exemplifies his lifelong interest in politics and represents a significant move in the current polarized political landscape.Trump, Biden Alternative Urged by Lawyer for Fox News and Boeing Get full access to Minimum Competence - Daily Legal News Podcast at www.minimumcomp.com/subscribe

On today's podcast: 1) A hard-fought bipartisan deal to impose new US border restrictions and unlock Ukraine war aid is on the brink of collapsing in the Senate, where Republican support crumbled in the face of opposition from GOP presidential front-runner Donald Trump. 2) UBS Group AG will buy back up to $1 billion in shares this year, as the bank seeks to keep investors focused on the upside of its complex integration of Credit Suisse. 3) Boeing Co. executives have spent the past month grappling with the aftermath of a near-catastrophe on an airborne 737 Max jet. As the US planemaker works through its latest crisis tied to manufacturing lapses, a new risk looms: a labor rift 10 years in the making.See omnystudio.com/listener for privacy information.

On today's podcast: 1) Tesla Inc. shares plunged after Elon Musk's pitch to look past slower sales growth fell flat with investors. The stock fell 8% in early trading Thursday, after Tesla narrowly missed earnings estimates and warned its rate of expansion will be “notably lower” this year. The company spent all of 2023 cutting prices to boost sales, which ate into profits. 2) Boeing Co. faces a commercial setback after the US Federal Aviation Administration froze planned production increases for its 737 Max aircraft, a move that interrupts the planemaker's growth ambitions at a time of surging demand and intensifying competition with Airbus SE. 3) Two days after his decisive victory in the New Hampshire primary, Donald Trump is set to take the witness stand in New York to rebut defamation claims by writer E. Jean Carroll — testing his ability to sway a federal jury and a judge he's already clashed with.See omnystudio.com/listener for privacy information.

This is Garrison Hardie with your CrossPolitic Daily Newsbrief for Thursday, December 22nd, 2022. Before we get to the news today… a programming reminder, the wives show will take place this Friday! So stay tuned, it’s a fun one. You guys know Christmas is a coming right? Maybe you should get someone you love a Fight Laugh Feast Club Membership! Club Membership Plug: Its Christmas, join our club. During December, the first 75 people to upgrade or join our Gold or Platinum club membership will get our 32OZ Kodiak Christmas water bottle and a free subscription to our Fight Laugh Feast Magazine. By joining the Fight Laugh Feast Army, not only will you be aiding in our fight to take down secular & legacy media; but you’ll also get access to content placed in our Club Portal, such as past shows, all of our conference talks, and EXCLUSIVE content for club members that you won’t be able to find anywhere else. Lastly, you’ll also get discounts for our conferences… We don’t have the big money of woke media, and so our club members are crucial in this fight. So, join the movement, join our army, and you can sign up now at fightlaughfeast.com. https://www.foxnews.com/politics/biden-admin-asks-supreme-court-end-title-42-short-delay-lifting-restrictions Biden admin asks Supreme Court to end Title 42, but with short delay on lifting restrictions The Biden administration on Tuesday asked the U.S. Supreme Court to let the pandemic-era policy Title 42 come to end, but requested a brief delay until at least after Christmas. In a filing on Tuesday, the administration acknowledged to the Supreme Court that the end of Title 42 will likely lead to "disruption and a temporary increase in unlawful border crossings" but asked the court to reject efforts by a group of conservative-leaning states to keep Title 42 in place. Migrants have been denied requests to seek asylum under U.S. and international law 2.5 million times since March 2020 on grounds of preventing the spread of COVID-19 under a public-health rule called Title 42. https://www.foxnews.com/politics/texas-gov-abbott-polar-vortex-threatens-migrants-bidens-border-disaster Texas Gov. Abbott warns polar vortex threatens migrants due to Biden’s border ‘disaster’ Texas Gov. Greg Abbott told President Joe Biden on Tuesday that his "disaster" immigration policy is putting lives at risk as a polar vortex expected this week will create bitter conditions for the thousands of illegal immigrants who continue to trek into the U.S. "With cold temperatures gripping Texas, your inaction to secure the southern border is putting the lives of migrants at risk, particularly in the City of El Paso," the Republican governor told Biden in a letter. "Your policies will leave many people in the bitter, dangerous cold as a polar vortex moves into Texas." "This terrible crisis for border communities in Texas is a catastrophe of your own making," Abbott wrote. The governor said Biden has failed in his constitutional duty to protect the border, which disproportionately impacts Texas. Abbott warned that the situation would only get worse if the Title 42 policy ends this week. That pandemic-era policy allows border agents to turn migrants away at the border, and ending it could lead to a surge of migrants at the southern border just as Texas faces some of its coldest temperatures. The Title 42 policy was set to expire Wednesday, but an appeal is being heard by the Supreme Court, which could decide as early as Tuesday evening. The Department of Homeland Security projects between 9,000 and 15,000 migrant encounters a day once the policy ends, which would add to the already highest annual total of encounters in U.S. history. White House press secretary Karine Jean-Pierre insisted an end to Title 42 would not mean the border is open. To suggest so, she said, is misinformation and "doing the work of these smugglers." Vice President Kamala Harris, who was tasked with identifying the root cause of mass migration to the southern border, has insisted in recent months that the border is secure. Abbott said he would continue to work with state-based officials to stem the tide of illegal immigration. https://www.foxnews.com/politics/white-house-confirms-zelenskyys-travel-us-ahead-massive-bill-funding-ukrainian-military White House confirms Zelenskyy's travel to US ahead of massive bill funding Ukrainian military The Biden administration confirmed early Wednesday morning Ukrainian President Volodymyr Zelenskyy is on his way to the U.S. to discuss more assistance for the country during its ongoing conflict with Russia. In addition to meeting with President Biden, Zelenskyy is slated to address Congress Wednesday afternoon as lawmakers plan to shell out more money for Ukraine in its latest $1.7 trillion spending bill. The budget includes more than $45 billion in new military and humanitarian aid for his country. A press statement from the Biden admin Wednesday morning said Zelenskyy's address to a joint meeting of Congress will demonstrate the "strong, bipartisan support for Ukraine." In its official statement, the White House added President Biden has been rallying the world to support Ukraine since the Russian invasion in February. "Three hundred days ago, Russia launched a brutal assault against Ukraine. In response, President Biden rallied the world to support the people of Ukraine as they defend their sovereignty and territorial integrity," the statement read. "During the visit, President Biden will announce a significant new package of security assistance to help Ukraine defend itself against Russian aggression." Extensive security measures were already underway in the nation's capital early Wednesday morning as the District prepared for the high-profile visit. As early as 4:30 a.m., Capitol Police cruisers could be seen lined up outside the Capitol building along with cement barricades blocking roads leading up to the building. On behalf of bipartisan Congressional leaders, Speaker of the House Nancy Pelosi, D-Calif., sent a letter to Zelenskyy encouraging his visit to Washington, D.C., in a letter explaining the leaders' "immense respect and admiration" for the Ukrainian president. The pending aid would be the U.S.' largest amount of financial assistance to Ukraine since the war started and is intended to support the fight against Russia for months to come, according to the Associated Press. Congress is also expected to announce a major package of $1.8 billion in military aid on Wednesday, which will include a Patriot missile battery and precision guided bombs for Ukraine's fighter jets. U.S. officials said the package will include about $1 billion in weapons from Pentagon stocks and $800 million in funding through the Ukraine Security Assistance Initiative, according to the AP. Though the massive spending bill is expected to receive support from many Republicans in the House and Senate, not all are on board with the additional funding. Some GOP lawmakers argued the new round of aid, which will bring the U.S. commitment to the war to over $110 billion, is improper without greater accountability. https://www.theepochtimes.com/us-senate-advances-1-66-trillion-government-funding-bill_4936469.html?utm_source=partner&utm_campaign=BonginoReport US Senate Advances $1.66 Trillion Government-Funding Bill A $1.66 trillion government spending bill drew overwhelming bipartisan support in the U.S. Senate on Tuesday as lawmakers steered it toward passage before a weekend deadline to avoid a partial shutdown of federal agencies. Democratic and Republican negotiators agreed early Tuesday morning on the sweeping bill to fund the federal government through the end of its fiscal year on Sept. 30, raising funding from about $1.5 trillion in the last fiscal year. The Senate voted 70-25 to proceed to debate of the bill, with some Republican senators hoping to offer amendments. A handful of conservative Senate Republicans on Tuesday said they objected to the bill, but would not try to stop its passage. The bill includes other measures agreed on by negotiators from both parties, including a ban on the use of TikTok on government-owned devices and clarification of Congress’s role in certifying elections, an attempt to avoid a repeat of the U.S. Capitol breach on Jan. 6, 2021. Senate and House leaders aim to pass the 4,155-page bill and send it to Democratic President Joe Biden for signing by the end of the week to ensure there are no interruptions to the government’s activities. The Tuesday vote was the first in a series of steps clearing the way for passage by Friday. Failure to pass legislation in time could bring a partial government shutdown beginning Saturday, just before Christmas, and possibly lead into a months-long standoff after Republicans take control of the House on Jan. 3, breaking the grip of Biden’s Democrats on both chambers of Congress. Budget experts found fault with the bill’s size. Included in the bill is $44.9 billion in emergency assistance to Ukraine and NATO allies and $40.6 billion to assist communities across the United States recovering from natural disasters and other matters. The Ukraine funds would be used for military training, equipment, logistics and intelligence support, as well as for replenishing U.S. equipment sent to Kyiv. It also includes funding to prepare for and respond to potential nuclear and radiological incidents in Ukraine. Russian President Vladimir Putin has not ruled out the use of nuclear weapons in the conflict with Ukraine. Included in the Ukraine package is $13.4 billion in economic aid and $2.4 billion to help resettle Ukrainians in the United States. The military aid would be on top of the record $858 billion in U.S. defense spending for the year, which is up from last year’s $740 billion and also exceeds Biden’s request. U.S. lawmakers also included a proposal to bar federal employees from using the Chinese short-video app TikTok on government-owned devices. And they backed a proposal to lift a looming deadline imposing a new safety standard for modern cockpit alerts for two new versions of Boeing Co’s 737 MAX aircraft. https://nypost.com/2022/12/20/intruder-able-to-walk-into-uvalde-school-unchallenged-during-safety-audit/ ‘Intruder’ able to walk into Uvalde school unchallenged as new report slams medical response A Texas safety inspector posing as an intruder was recently able to stroll unchallenged into a Uvalde school — as a damning new investigation also blamed a “flawed medical response” for failing to save some of the 21 slaughtered in a mass shooting at Robb Elementary. The inspector was even able to enter through a back door that did not latch, eerily similar to how 18-year-old madman Salvador Ramos got into Robb Elementary before killing 19 fourth-graders and two teachers. The shocking breach was revealed at a Uvalde school board meeting Monday night, attended by at least a dozen family members of victims of the May shooting, the San Antonio Express-News said. Grieving loved ones were furious that “somebody just walked right in” seven months after one of the deadliest school shootings in history, KSAT also said of the meeting. As part of a state-mandated security audit, an inspector posing as an intruder attempted to gain access to three different schools in the grief-stricken area — strolling into one unchallenged, the meeting heard. Interim district Superintendent Gary Patterson admitted the error, saying the ongoing security lapse “is really 100 percent my responsibility,” telling the meeting: “We have got to secure those areas.” Berlinda Arreola, the grandmother of Uvalde victim Amerie Jo Garza, shared a picture of a school safety officer sitting and looking at his phone. https://trendingpoliticsnews.com/breaking-kari-lake-trial-reveals-42-5-of-randomly-examined-ballots-were-improper/ Kari Lake Trial Reveals 42.5% of Randomly Examined Ballots Were Improper According to Republican governor candidate Kari Lake’s legal team, 42.5% of examined ballots in Maricopa County for the 2022 governor’s race were illegitimate. Lake’s trial began on Wednesday were she is attempting to prove that wide scale fraud took place in Maricopa County on election day. The Lake War Room tweeted on Wednesday that 48 of the 113 ballots that were reviewed during examination were “19-inch ballots produced on 20-inch paper,” In a separate tweet, the Lake War Room wrote, “This Is how they disenfranchised Maricopa County voters on Election Day. The ballots were designed to be unable to be read through the machines. This wasn’t an error. It was malice. The process worked exactly as they intended it to.” One commenter on Twitter noted that there was no way the improper ballot size could have been because of “error.” “The expert testified there are only 2 ways for the 19 inch image to have bee projected onto the 20 in ballot which would cause tabulator errors. Both methods require an administrator to change. This could not have happened by chance or error. It was fraud.” https://twitter.com/i/status/1605620894994354176 - Play Video The race between Hobbs and Lake was decided by less than 18,000 votes. The counts put forward by Lake’s team contest her loss. Most counts were thrown out by Maricopa County Superior Court Judge Peter Thompson, with 8 being tossed while two counts were allowed to proceed. Those counts deal with alleged intentional misconduct. Lake told Turning Point USA’s AmericaFest on Tuesday that this marked a “huge win” for her legal team, saying, “we got great news. We’re taking these b*stards to trial!” Adding that Hobbs would take the stand in the trial. It was later announced by Lake’s attorneys that they had withdrawn the subpoena for Hobbs to testify. “Maricopa County wants you to believe that they are so incompetent that all of the problems on Election Day can be written off as mistakes. New Saint Andrews: Today’s culture shifts like sand. But New Saint Andrews College is established on Christ, the immovable rock. It is a premier institution that forges evangelical leaders who don’t fear or hate the world. Guided by God’s Word, they take the world back because they’re equipped with the genius of classical liberal arts and God-honoring wisdom, thanks to a faculty dedicated to academic rigor and to God’s kingdom.Find out more, at nsa.edu/ https://thepostmillennial.com/airbnb-bans-the-listing-of-former-slave-plantations-and-slave-houses?utm_campaign=64487 Airbnb bans the listing of former slave plantations and slave houses Airbnb has outlawed the listing of rental properties on its site where slaves have lived or worked, according to an update to their anti-discrimination policy. The moves come after a TikTok video from July calling out the company for listing an "1830s slave cabin" went viral. The online short-term rental marketplace immediately removed the listing, then sought out others like it, enlisting the help of historical experts. Airbnb's "Work to fight Discrimination and Build Inclusion" now includes a section called "Prohibiting the Glorification and Marketing of Slavery," which states that in July 2022, the company "took a series of steps to address the listing of properties in the US that were known to include former slave houses," as they "have no place on Airbnb." The three main policies, which only apply to the United States, prohibit "prohibiting the listing of any home or other structure on a former plantation where enslaved people lived or worked if structures that existed during the time of slavery are still present on the property," bar "any structure specifically designed only to house enslaved people and that did house enslaved people," and prohibit "the promotion of slavery-related features as a selling point of a stay." Exceptions will be made for certain Experiences that "provide important educational context" led by "reputable partners and experts." "Currently we have removed listings and experiences associated with roughly 30 properties that are violating our policies," an Airbnb spokesperson told BuzzFeed News.